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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Equilibrium Exchange Rates and a Popular Model of International Asset Demands: An Inconsistency
19 Nov 2012
RDP
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1078KB
Hence, the market clearing exchange. rate process cannot, in general, be geometric Brownian motion since its. ... risk. The lack of clearing in goods markets (or markets other than asset.
https://www.rba.gov.au/publications/rdp/1986/pdf/rdp8610.pdf
Emergency Liquidity Injections
3 Oct 2019
RDP
PDF
2093KB
The market-clearing securities price is. written 1 – m where m represents market illiquidity. ... at net present value. The market clearing mechanism is similar to Diamond and Rajan (2011) and.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-10.pdf
OPEN MARKET OPERATIONS IN AUSTRALIA: A U.S. PERSPECTIVE Michael ...
17 Oct 2014
RDP
PDF
817KB
settlement funds,. Market Structure. In Australia cheques presented against banks at the Australian Clearing House. ... cheque clearings. In this example the figure is zero. At the same time, the.
https://www.rba.gov.au/publications/rdp/1987/pdf/rdp8702.pdf
Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020
9 May 2024
RDP
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4625KB
Secondly, the interaction between demand and supply indicates the market-clearing equilibrium. ... settle financial obligations arising from the clearing of payments. These balances are sometimes also.
https://www.rba.gov.au/publications/rdp/2024/pdf/rdp2024-03.pdf
Identifying Repo Market Microstructure from Securities Transactions Data
13 Aug 2018
RDP
PDF
2622KB
Identifying Repo Market Microstructure from Securities Transactions Data. Nicholas Garvin. Research Discussion Paper. R D P 2018- 09. Figures in this publication were generated using Mathematica. The contents of this publication shall not be
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-09.pdf
China’s Evolving Monetary Policy Framework in International Context
4 Dec 2019
RDP
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1923KB
China’s Evolving Monetary Policy Framework in International Context. Bradley Jones and Joel Bowman. Research Discussion Paper. R D P 2019 -11. Figures in this publication were generated using Mathematica. The contents of this publication shall not
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-11.pdf
MODELLING RECENT DEVELOPMENTS IN AUSTRALIAN ASSET MARKETS: SOME PRELIMINARY ...
18 Apr 2015
RDP
PDF
632KB
market-clearing value. This yields an expression for rb as:. rb = (log B - log b0 - log V - log P - 41 ra). ... that interest rate expectations are consistent with. market-clearing in the bond market and are fulfilled.
https://www.rba.gov.au/publications/rdp/1984/pdf/rdp8403.pdf
Monetary Policy Instruments: A Theoretical Analysis
19 Nov 2012
RDP
PDF
571KB
It is assumed that output supply is fixed, so that the market clearing condition Yt = 0 is satisfied in each period. ... s d Yt = Yt (market clearing). The demand equation has thus been supplemented by a standard supply function in which output responds
https://www.rba.gov.au/publications/rdp/1989/pdf/rdp8905.pdf
Unprecedented Changes in the Terms of Trade: Online Appendix
1 Sep 2015
RDP
PDF
407KB
RDP 2015-11 online appendix
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-11-appendix.pdf
Payment System Design and Participant Operational Disruptions
28 Jan 2015
RDP
PDF
578KB
For simplicity, we allow unlimited liquidity for the RBA, CLS Bank and the settlement accounts of the equity and futures clearing and settlement systems. ... 26. Glaser M and P Haene (2009), ‘Liquidity Effects of a Participant-Level Operational
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-05.pdf