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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Payments System Board Annual Report 2016
14 Oct 2016
PSB Annual Report
2016
PDF
2089KB
https://www.rba.gov.au/publications/annual-reports/psb/2016/pdf/2016-psb-annual-report.pdf
Reserve Bank of Australia Annual Report 2004
27 Aug 2014
RBA Annual Report
2004
PDF
2378KB
https://www.rba.gov.au/publications/annual-reports/rba/2004/pdf/2004-report.pdf
Supervision of Clearing and Settlement Facilities
9 Oct 2015
PSB Annual Report
– 2015
ASX managed BBY's default through a combination of client transfers and the close out of remaining positions. ... The default of a participant alters this balance, exposing the CCP to potential loss until the CCP can successfully close out the defaulted
https://www.rba.gov.au/publications/annual-reports/psb/2015/supervision-of-clearing-and-settlement-facilities.html
Payments System Board Annual Report 2014
26 Sep 2014
PSB Annual Report
2014
PDF
2702KB
https://www.rba.gov.au/publications/annual-reports/psb/2014/pdf/2014-psb-ann-report.pdf
Payments System Board Annual Report 2015 - Supervision of Clearing and Settlement Facilities
22 Oct 2015
PSB Annual Report
2015
PDF
443KB
https://www.rba.gov.au/publications/annual-reports/psb/2015/pdf/supervision-of-clearing-and-settlement-facilities.pdf
Supervision of Clearing and Settlement Facilities
24 Oct 2016
PSB Annual Report
– 2016
changes to improve portability arrangements and the close-out process. education and communication initiatives, including updates to participant disclosures on ASX's default management arrangements. ... increase in trading activity, although trends in
https://www.rba.gov.au/publications/annual-reports/psb/2016/supervision-of-clearing-and-settlement-facilities.html
Payments System Board Annual Report 2016 - Supervision of Clearing and Settlement Facilities
12 Oct 2016
PSB Annual Report
2016
PDF
592KB
https://www.rba.gov.au/publications/annual-reports/psb/2016/pdf/supervision-of-clearing-and-settlement-facilities.pdf
Discussion on OTC Derivatives Reform: Netting and Networks | Conference – 2013
19 Aug 2013
Conferences
First, the benefits from netting exposures via CCPs are offset to the extent that there is a loss of netting available under bilateral arrangements. ... In the core-periphery model, netting benefits from CCPs accrue primarily to the core.
https://www.rba.gov.au/publications/confs/2013/heath-kelly-manning-disc.html
Other Regulatory Responsibilities
25 Oct 2010
PSB Annual Report
– 2010
BPAY operates a payment system for bill payments which involves a multilateral netting arrangement. ... Given this, and having regard to the criteria for approvals set out in the Payment Systems and Netting Act, the Payments System Board approved BPAY's
https://www.rba.gov.au/publications/annual-reports/psb/2010/reg-response.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