Search: Close-out netting
RBA Glossary definition for Close-out netting
Close-out netting – An arrangement to settle all contracted but not yet due liabilities to, and claims on, an institution by a single payment, immediately upon the occurrence of one of a list of defined events such as the appointment of a liquidator to that institution.
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Reassessing the Costs and Benefits of Centrally Clearing the Australian Bond Market
16 Mar 2023
Bulletin
– March 2023
This article considers the costs and benefits of centrally clearing the Australian bond market, in light of developments in the market since the Reserve Bank’s last review in 2015.
https://www.rba.gov.au/publications/bulletin/2023/mar/reassessing-the-costs-and-benefits-of-centrally-clearing-the-australian-bond-market.html
Ongoing Regulatory Responsibilities
13 Sep 2007
PSB Annual Report
– 2007
This arrangement also allows more robust risk controls to be placed on participants and provides additional scope for netting of obligations. ... set out in the Payment Systems and Netting Act, the Board agreed that approval of the multilateral netting
https://www.rba.gov.au/publications/annual-reports/psb/2007/reg-response.html
Safety and Stability
21 Mar 2002
PSB Annual Report
– 2001
Netting transactions I and II, Bank A has sold $A50 and bought US$25. ... Report of the Committee on Interbank Netting Schemes (the Lamfalussy Report), published by the BIS in 1990.
https://www.rba.gov.au/publications/annual-reports/psb/2001/safety-stability.html
Safety and Stability
1 Oct 2000
PSB Annual Report
– 2000
The second minimum standard (V) is designed to ensure that multilateral netting systems can withstand the failure of the largest participant. ... Both uncertainties were addressed by the passage of the. Payment Systems and Netting Act 1998.
https://www.rba.gov.au/publications/annual-reports/psb/2000/safety-stability.html
Bulletin
18 Apr 2024
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/
The Board's First Year
1 Oct 1999
PSB Annual Report
– 1999
Such a cycle would bring Australia close to world's best practice in this area. ... for their RTGS systems in fall-back mode, where they would operate as netting systems.
https://www.rba.gov.au/publications/annual-reports/psb/1999/first-year.html
March | 2023
16 Mar 2023
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2023/mar/
2023
14 Dec 2022
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2023/
Australian OTC Derivatives Markets: Insights from the BIS Semiannual Survey
10 Dec 2012
Bulletin
– December 2012
Survey respondents report on a global consolidated basis, whereby the banks aggregate activity across their global operations (netting out intragroup transactions) and report in the country in which their global headquarters ... A third measure of market
https://www.rba.gov.au/publications/bulletin/2012/dec/5.html
Central Counterparty Interoperability
10 Jun 2012
Bulletin
– June 2012
Some cross-margining arrangements also extend the cross-CCP exposure netting functionality to variation margin payment obligations. ... Mutual offset arrangements permit participants to establish a derivatives position at one CCP and close it at another.
https://www.rba.gov.au/publications/bulletin/2012/jun/7.html