Search: Close-out netting

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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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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

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

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

Reasons for Asset Market Illiquidity

27 Oct 2008 RDP 2008-06
Jonathan Kearns and Philip Lowe
Importantly, there can be close correlations between reductions in market liquidity and funding liquidity. ... been too close to those selling the assets.
https://www.rba.gov.au/publications/rdp/2008/2008-06/rea-for-asset-market-illiquidity.html
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1.1 Our Role

19 Oct 2023 RBA Annual Report – October 2023
Our Role | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/our-role.html

Research Discussion Papers – 1994

31 Dec 1994 RDP
Frederic S. Mishkin and John Simon. RDP 9409 Default Risk and Derivatives: An Empirical Analysis of Bilateral Netting. ... Jacqueline Dwyer and Christine Groeger. Related Information. The materials on this webpage are subject to copyright and their use
https://www.rba.gov.au/publications/rdp/1994/

List of tables

13 Sep 2007 PSB Annual Report – 2007
V. A system in which multilateral netting takes place should, at a minimum, be capable of ensuring the timely completion of daily settlements in the event of an inability to settle ... The materials on this webpage are subject to copyright and their use
https://www.rba.gov.au/publications/annual-reports/psb/2007/tables.html

The 1893 Bank Crashes and Monetary Aggregates

1 Apr 1993 RDP 9303
David T. Merrett
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1993/9303.html
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