Search: Exchange Settlement Account
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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Submission to Payments System Review – January 2021 | Responses and Options Paper
8 May 2024
Submissions
To the extent they are consistent with its statutory obligations, the PSB takes into account the Government's policy priorities in discharging its responsibilities. ... Furthermore, the number of domestic personal credit card accounts has fallen by 11
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html
5-6 February 2024 | Minutes of the Monetary Policy Meeting of the Board
20 Feb 2024
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 5-6 February 2024
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2024/2024-02-06.html
Operations in Financial Markets
12 Apr 2020
RBA Annual Report
– 2020
Exchange Settlement (ES) balances at the Reserve Bank to be remunerated at 10 basis points, rather than zero, to mitigate the cost to the banking system associated with the large increase ... This was as expected and is discussed further below. The funds
https://www.rba.gov.au/publications/annual-reports/rba/2020/operations-in-financial-markets.html
Banking and Payment Services
21 Oct 2021
RBA Annual Report
– 2021
These obligations are finally and irrevocably settled in RITS through the simultaneous crediting and debiting of Exchange Settlement Accounts (ESAs), which are at-call accounts held at the Reserve Bank on ... As a result of the Bank's policy response to
https://www.rba.gov.au/publications/annual-reports/rba/2021/banking-and-payment-services.html
Retail Payments Regulation and Policy Issues
17 Oct 2019
PSB Annual Report
– 2019
cease support for some existing message formats used in many payment, clearing and settlement systems around the world, including in Australia. ... For payments, the ISO 20022 standard covers messaging related to cash account management, payments
https://www.rba.gov.au/publications/annual-reports/psb/2019/retail-payments-regulation-and-policy-issues.html
Operations in Financial Markets
21 Oct 2021
RBA Annual Report
– 2021
a reduction in the interest paid on Exchange Settlement (ES) balances at the Reserve Bank to zero, from 0.1 per cent previously. ... This was as expected and is discussed further below. The funds traded in the cash market are the balances held by
https://www.rba.gov.au/publications/annual-reports/rba/2021/operations-in-financial-markets.html
5 December 2023 | Minutes of the Monetary Policy Meeting of the Board
19 Dec 2023
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 5 December 2023
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2023/2023-12-05.html
7 November 2023 | Minutes of the Monetary Policy Meeting of the Board
21 Nov 2023
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 7 November 2023
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2023/2023-11-07.html
Operations in Financial Markets
9 Aug 2023
RBA Annual Report
- 2022
PDF
764KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/operations-in-financial-markets.pdf
Inquiry into Future Directions for the Consumer Data Right – April 2020 | Payments System | Submissions
8 May 2024
Submissions
These services will not, however, address the practical barriers consumers face when switching accounts. ... However, the NPP does not currently provide access to some account types, including credit card and loan accounts.
https://www.rba.gov.au/publications/submissions/payments-system/future-directions-for-the-consumer-data-right/index.html