Search: bank accepted bill of exchange
RBA Glossary definition for bank accepted bill of exchange
bank accepted bill of exchange – A bank accepted bill of exchange is a bill of exchange that lists a bank as the acceptor of the bill. As an acceptor, a bank has a liability to pay the holder the face value of the bill at maturity. In certain circumstances, the liability is contingent on the borrower, or drawer, defaulting.
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The Stance of Monetary Policy in a World of Numerous Tools
21 Oct 2020
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258KB
Itsettled at around 13 basis points, which is just above the 10 basis points that banks receive onsurplus Exchange Settlement (ES) balances in their accounts at the Reserve Bank. ... Thisincludes the bank bill market, which is a key benchmark affecting
https://www.rba.gov.au/speeches/2020/pdf/sp-ag-2020-10-20.pdf
The RBA and the Australian Economy
16 Dec 2021
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367KB
Reflecting thisdemand, there are nearly 40 $50 bills on issue for every Australian and 18 $100 bills! ... We also manage Australia's foreign exchange reserves. We do this with around 1,400 people.
https://www.rba.gov.au/speeches/2021/pdf/sp-gov-2021-12-16.pdf
Financial Stability and the Financial Health of Australian Mortgagors
8 Dec 2023
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776KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-so-2023-12-08.pdf
Interest Rate Benchmark Reform
15 May 2018
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191KB
Australia has an active bank billmarket, where the major banks issue bills as a regular source of funding, and a wide range ofwholesale investors purchase bills as a liquid cash management ... rate set window. ASIC and the RBA have made it clear that
https://www.rba.gov.au/speeches/2018/pdf/sp-dg-2018-05-15-2.pdf
Exchange Rate and Crises
27 Feb 2001
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53KB
How should exchange rates behave? Let’s try to develop this a bit further to see whether there is any clear, fairly universally-accepted idea of how exchange rates should move ... Policy-makers of these countries always accepted, in principle, that as
https://www.rba.gov.au/speeches/1998/pdf/sp-dg-160198.pdf
The Future of Payments: Cryptocurrencies, Stablecoins or Central Bank Digital Currencies?
26 Nov 2021
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322KB
There is considerable focus globally on CBDCs, with surveys from the Bank for InternationalSettlements indicating that essentially all central banks are doing work in this area. ... So there could be potential benefits arising from central banks issuing
https://www.rba.gov.au/speeches/2021/pdf/sp-so-2021-11-18.pdf
The Why, How and What of Forecasting
5 May 2023
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745KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-so-2023-05-03.pdf
Payments: The Future?
8 Dec 2021
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299KB
The banks aremaking progress with implementation, but some have not met the target dates. ... The RBA is contributing to this effort and workingwith the Reserve Bank of New Zealand and other South Pacific central banks on a possible regionalKnow Your
https://www.rba.gov.au/speeches/2021/pdf/sp-gov-2021-12-09.pdf
Monetary Policy During COVID
6 May 2021
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638KB
low levels,including the important interest rate benchmark the Bank Bill Swap Rate (BBSW) (Graph 2). ... This provided evidence that the size of other central banks' bond purchaseprograms was affecting longer-term Australian bond yields beyond the
https://www.rba.gov.au/speeches/2021/pdf/sp-dg-2021-05-06.pdf
The Evolving Financial Situation
18 Mar 2010
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167KB
This was most obviously manifest in a rise in short-term borrowing costs, represented here by the spread between Libor (bank bills in the case of Australia) and the expected policy ... Bank bills to overnight indexed swapsSources: Bloomberg; Thomson
https://www.rba.gov.au/speeches/2010/pdf/sp-ag-160210.pdf