Search: Clearing
RBA Glossary definition for Clearing
Clearing – The process of transmitting, reconciling and in some cases confirming payment instructions prior to settlement; it may include netting of instructions and the calculation of final positions for settlement.
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Biographies of Contributors | Conference – 2018
12 Apr 2018
Conferences
Jon Cheshire is currently a senior manager working for the Reserve Bank of Australia's (RBA's) Payments Policy Department, overseeing a team that supervises the operations of clearing and settlement ... facilities such as LCH (European-based clearing
https://www.rba.gov.au/publications/confs/2018/bios-2018.html
Monetary and Macroprudential Policies: The Case for a Separation of Powers | Conference – 2018
12 Apr 2018
Conferences
Trading in many derivatives has been shifted to central clearing houses, and the associated collateral requirements tightened.
https://www.rba.gov.au/publications/confs/2018/broadbent.html
Discussion on OTC Derivatives Reform: Netting and Networks | Conference – 2013
19 Aug 2013
Conferences
Second, collateral implications are important and depend upon a variety of factors including the mix of CCP and bilateral clearing, and upon the way in which initial and variation margins are ... Another participant suggested that it would be worthwhile
https://www.rba.gov.au/publications/confs/2013/heath-kelly-manning-disc.html
OTC Derivatives Reform: Netting and Networks | Conference – 2013
19 Aug 2013
Conferences
one product is bilaterally cleared and one product is centrally cleared (‘mixed clearing’). ... and the characteristics of the portfolio converge to those under pure bilateral clearing.
https://www.rba.gov.au/publications/confs/2013/heath-kelly-manning.html
The Economics of Shadow Banking | Conference – 2013
19 Aug 2013
Conferences
transactions. Collateral and cash are then returned to the clearing bank before close of business. ... The unwind process creates multiple risks. Clearing banks carry large-scale unsecured exposures relative to their capital.
https://www.rba.gov.au/publications/confs/2013/singh.html
Introduction | Conference – 2013
19 Aug 2013
Conferences
Given assumptions about the structure of OTC derivative markets and the characteristics of OTC products, the paper starts by examining exposures and collateral demands under alternative clearing arrangements.
https://www.rba.gov.au/publications/confs/2013/intro-2013.html
Discussion on The Impact of Unconventional Monetary Policy on the Overnight Interbank Market | Conference – 2013
19 Aug 2013
Conferences
However, the competitive market clearing condition yields a single overnight rate, which implies that the model is silent about the volatility of overnight rates. ... Interbank trade involves matching the reserve positions of banks. In the absence of an
https://www.rba.gov.au/publications/confs/2013/bech-monnet-disc.html
Discussion on The Economics of Shadow Banking | Conference – 2013
19 Aug 2013
Conferences
clearing banks pulling intraday funding from Lehman Brothers)? If the benefits from Part 1 are sufficiently large, Part 2 could discuss how the supply of collateral might be increased – either by
https://www.rba.gov.au/publications/confs/2013/singh-disc.html
Policy Panel | Conference – 2013
19 Aug 2013
Conferences
On OTC reforms, it is also worth mentioning that there is a bias towards standardised derivatives, which go through central clearing and have a lower capital requirement as a result. ... He gave the example of the central clearing of interest rate swaps,
https://www.rba.gov.au/publications/confs/2013/policy-panel-2013.html
Discussion on Central Bank Liquidity Provision and Core Funding Markets | Conference – 2013
19 Aug 2013
Conferences
Elevated spreads may still be consistent with the market clearing, and the case for intervention might involve a more subjective assessment.
https://www.rba.gov.au/publications/confs/2013/johnson-santor-disc.html