Search: exchange settlement account policy
RBA Glossary definition for settlement
settlement – The discharge of obligations arising from fund transfers between two or more parties.
RBA Glossary definition for Exchange Settlement Account
Exchange Settlement Account – An account held at the Reserve Bank of Australia by financial institutions to settle financial obligations arising from the clearing of payments.
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RESERVE BANK OF AUSTRALIA FOREIGN EXCHANGE SETTLEMENTPRACTICES IN AUSTRALIA ...
18 Dec 1997
Media Release
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268KB
3.2 Settlement methods. For most currencies, foreign exchange payments and receipts were made principallythrough the use of a nostro account held with another (correspondent) bank. ... Settlements in these currencies are not generally ofa significant
https://www.rba.gov.au/media-releases/1997/pdf/fxsp.pdf
The Case for Real Time Gross Settlement (Media Release 1995-05 attachment 1)
9 Aug 2004
Media Release
PDF
106KB
In a RTGS system, a bank can make each payment only if it has adequate balances in its settlement account at the central bank. ... 4. Bank and Austraclear) would strengthen this position further. RITS already provides a facility for real-time funds
https://www.rba.gov.au/media-releases/1995/pdf/mr-95-05-attach-1.pdf
Liquidity Management - Prudential Statement D1
24 Jun 2002
Media Release
PDF
95KB
These policies and systems are to be observed at all times and reviewed to take account of changing circumstances. ... PS D1 April 1998. 2. Policy Statement. 7. Banks should have a comprehensive liquidity policy statement for both the bank and the group
https://www.rba.gov.au/media-releases/1998/pdf/prud-stmt-d1.pdf
A Proposal for Implementing Real Time Gross Settlement in Australia (Media Release 1995-05 attachment 2)
13 Aug 2004
Media Release
PDF
178KB
The proposed system builds on the existing electronic systems for managing exchange settlement accounts (RITS), and is intended to be introduced in stages which would adapt the existing system to the ... 4. balances in banks’ exchange settlement
https://www.rba.gov.au/media-releases/1995/pdf/mr-95-05-attach-2.pdf
Memorandum of Understanding between the Reserve Bank of Australia and The Australian Prudential Regulation Authority
8 Mar 2002
Media Release
PDF
97KB
complementary. 3. The RBA's role is focused on the objectives of monetary policy, overall financial system. ... Sharing of Information 5. Full and timely exchange of information is a crucial element in co-ordination between the.
https://www.rba.gov.au/media-releases/1998/pdf/jmr-98-rba-apra-mou.pdf
Reserve Bank of Australia Domestic Market Dealing Arrangements: Information Paper - 9 May 1996
11 Aug 2004
Media Release
PDF
81KB
3. Settlement. All transactions by the Bank will be for same-day settlement through RITS. ... Transactions with banks and special service providers will be settled directly through their Exchange Settlement Accounts.
https://www.rba.gov.au/media-releases/1996/pdf/mr-96-06-info-paper.pdf
Independent Governance Review
11 Feb 2013
Media Release
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740KB
Report for the Reserve Bank of Australia Special Committee
https://www.rba.gov.au/media-releases/2013/pdf/mr-13-01-igr-securency-npa.pdf
Original Message
18 Dec 2006
Media Release
PDF
200KB
Hoax e-mails example
https://www.rba.gov.au/media-releases/2006/pdf/spam-example-181206.pdf
Final Incident Report RITS and FSS Incident – 12 October 2022
25 Nov 2022
Media Release
PDF
146KB
Most low value clearing exchanges do not use the LVCS and instead use the COIN to directly exchange files. ... RITS members were unable to exchange clearing files through the LVCS for the last two direct entry exchanges of the day (around 20:45 and 22:30)
https://www.rba.gov.au/media-releases/2022/pdf/mr-22-40-final-incident-report-rits-and-fss-incident-12-october-2022.pdf
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15 Sep 2003
Media Release
PDF
152KB
1 See for example Bank for International Settlements, Implications for Central Banks of the Development of Electronic Money, 1996. ... by-case basis, taking into account whether the applicant holds an appropriate Australian financial services licence.
https://www.rba.gov.au/media-releases/2003/pdf/mr-03-11-discussion-paper.pdf