Search: OTC
RBA Glossary definition for OTC
OTC – over-the-counter
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Standard 20: Disclosure of rules, key policies and procedures, and market data | A1.2 ASX Clear (Futures) | 2015/16 Assessment of ASX…
18 May 2023
The Operating Rules and Procedures, ASX Guidance Notes, and the OTC Rules and OTC Handbook, are disclosed on ASX's public website. ... The conditions and timing for the novation of an OTC derivatives trade are outlined in the OTC Rules and the OTC
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/asx-clear-futures/standard-20.html
Standard 18: Tiered participation arrangements | A1.2 ASX Clear (Futures) | 2015/16 Assessment of ASX Clearing and Settlement Facilities
18 May 2023
ASX Clear (Futures) offers the option of individually segregated client accounts for both OTC and exchange-traded derivatives (see CCP Standard 13.2). ... ASX Clear (Futures) currently considers the risks from concentration of indirect participants to be
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/asx-clear-futures/standard-18.html
Standard 4: Credit risk | A1.2 ASX Clear (Futures) | 2015/16 Assessment of ASX Clearing and Settlement Facilities
18 May 2023
This reflects the currently relatively low level of exposures generated by OTC derivatives transactions. ... stressed market conditions, while OTC derivatives are assumed to be closed out within five days.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/asx-clear-futures/standard-04.html
Standard 17: Access and participation requirements | A1.2 ASX Clear (Futures) | 2015/16 Assessment of ASX Clearing and Settlement Facilities
18 May 2023
Eight participants were OTC derivatives clearing participants, of which four cleared OTC derivatives only. ... ASX management has discretion to impose a higher requirement. Participation requirements for participants that clear OTC derivatives are set
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/asx-clear-futures/standard-17.html
Standard 3: Framework for the comprehensive management of risks | A1.2 ASX Clear (Futures) | 2015/16 Assessment of ASX Clearing and…
18 May 2023
ASX has also developed a web portal to estimate margin requirements for OTC derivatives portfolios. ... At 30 June 2016, aggregate initial margin from OTC participants totalled $195 million.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/asx-clear-futures/standard-03.html
Summary and Review of Regulatory Priorities | 2015/16 Assessment of ASX Clearing and Settlement Facilities
18 May 2023
Default management review and testing. Continue to monitor the review of default management procedures for OTC derivatives. ... the commingling of pooled resources for OTC and exchange-traded derivatives in ASX Clear (Futures) remains appropriate.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/summary-and-review-of-regulatory-priorities.html
Standard 1: Legal basis | A1.2 ASX Clear (Futures) | 2015/16 Assessment of ASX Clearing and Settlement Facilities
18 May 2023
Clear (Futures) Operating Rules and Procedures, the OTC Rules and the OTC Handbook. ... Acceptance rules for registration of OTC derivatives trades are set out in the OTC Rules.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/asx-clear-futures/standard-01.html
Standard 8: Settlement finality | A1.2 ASX Clear (Futures) | 2015/16 Assessment of ASX Clearing and Settlement Facilities
18 May 2023
Intraday margin payments must be met within the notified timeframe, which is generally one hour for futures derivatives and two hours for OTC derivatives. ... By contrast, an OTC IRD contract can involve payments at regular intervals during the life of
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/asx-clear-futures/standard-08.html
Appendix A: Detailed Assessment of Clearing and Settlement Facilities against the Financial Stability Standards | 2015/16 Assessment of ASX …
18 May 2023
This service is currently only utilised by Chi-X. ASX Clear (Futures) provides clearing services for the ASX 24 market, as well as AUD-denominated OTC IRD.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/appendix-a.html
Standard 2: Governance | A1.2 ASX Clear (Futures) | 2015/16 Assessment of ASX Clearing and Settlement Facilities
18 May 2023
framework; outcomes of the OTC default management fire drill; the group-wide technology transformation project; and the development of new participant disclosure tools. ... The DMG most recently met in July 2016 for the annual OTC default management fire
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/asx-clear-futures/standard-02.html