Search: exchange settlement account policy
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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Reform of Interbank Payments
5 Apr 1995
Media Releases
Announces that after consulting with the banks and the Australian Payment Clearing Association (APCA), the RBA is now presenting a case for moving to a Real-time Gross Settlement (RTGS) payments system and proposes a means of achieving this
https://www.rba.gov.au/media-releases/1995/mr-95-05-attach-1.html
Media Releases – 1999
31 Dec 1999
Media releases
issued in 1999
https://www.rba.gov.au/media-releases/1999/
Industry Proposal for a Fast Payments Solution
20 Feb 2013
Media Releases
The Board has welcomed the Real Time Payments Committee's proposal to establish an industry based project to deliver a ‘fast payments’ solution for Australia as making substantial initial progress towards meeting the strategic objectives
https://www.rba.gov.au/media-releases/2013/mr-13-03.html
Commencement of Real-time Gross Settlement (RTGS)
16 Jun 1998
Media Releases
From 22 June 1998, the Reserve Bank will commence real-time gross settlement of all payments between Australian banks which are processed across the Reserve Bank Information and Transfer System (RITS)
https://www.rba.gov.au/media-releases/1998/mr-98-08.html
Real-time Gross Settlement (RTGS) – Liquidity
6 May 1997
Media Releases
The Reserve Bank will stand ready to provide intra-day liquidity to banks and others with Exchange Settlement Accounts, to ensure that payments flow smoothly. This liquidity will take the form of within-day repurchase agreements in Commonwealth
https://www.rba.gov.au/media-releases/1997/mr-97-08.html
Domestic Market Dealing Arrangements
5 Sep 2002
Media Releases
RBA announces Continuous Linked Settlement (CLS) system for the settlement of foreign exchange transactions will commence on Monday 9 September 2002
https://www.rba.gov.au/media-releases/2002/mr-02-17.html
Media Releases – 2002
31 Dec 2002
Media releases
issued in 2002
https://www.rba.gov.au/media-releases/2002/
Payments System Issues: Retail Operational Incidents
20 Feb 2012
Media Releases
In light of continued rapid growth in the value of payments settled across electronic retail payment systems, and following a number of operational incidents, the Payments System Board is considering possible approaches to strengthening the handling
https://www.rba.gov.au/media-releases/2012/mr-12-03.html
Changes to Eligible Securities and Margining for Domestic Market Operations
16 Nov 2011
Media Releases
There will no longer be a requirement for the issuing ADI to be an exchange settlement (ES) account holder with the Bank. ... The margins take into account the general risk characteristics of each security class.
https://www.rba.gov.au/media-releases/2011/mr-11-26.html
Domestic Market Dealing Arrangements
2 Mar 2009
Media Releases
The Reserve Bank has decided to continue with its expanded range of securities eligible for its repurchase operations
https://www.rba.gov.au/media-releases/2009/mr-09-04.html