Search: Close-out netting
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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The Introduction of Same-day Settlement of Direct Entry Obligations in Australia
19 Jun 2014
Bulletin
– June 2014
In November 2013, the Reserve Bank introduced changes to its Reserve Bank Information and Transfer System (RITS) to allow the same-day settlement of non-government direct entry obligations. This outcome met one of the objectives set by the Payments
https://www.rba.gov.au/publications/bulletin/2014/jun/7.html
Bulletin
18 Apr 2024
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/
Reassessing the Costs and Benefits of Centrally Clearing the Australian Bond Market
16 Mar 2023
Bulletin
– March 2023
This article considers the costs and benefits of centrally clearing the Australian bond market, in light of developments in the market since the Reserve Bank’s last review in 2015.
https://www.rba.gov.au/publications/bulletin/2023/mar/reassessing-the-costs-and-benefits-of-centrally-clearing-the-australian-bond-market.html
March | 2023
16 Mar 2023
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2023/mar/
2023
14 Dec 2022
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2023/
Reasons for Asset Market Illiquidity
27 Oct 2008
RDP
2008-06
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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Australian OTC Derivatives Markets: Insights from the BIS Semiannual Survey
10 Dec 2012
Bulletin
– December 2012
Survey respondents report on a global consolidated basis, whereby the banks aggregate activity across their global operations (netting out intragroup transactions) and report in the country in which their global headquarters ... A third measure of market
https://www.rba.gov.au/publications/bulletin/2012/dec/5.html
Central Counterparty Interoperability
10 Jun 2012
Bulletin
– June 2012
Some cross-margining arrangements also extend the cross-CCP exposure netting functionality to variation margin payment obligations. ... Mutual offset arrangements permit participants to establish a derivatives position at one CCP and close it at another.
https://www.rba.gov.au/publications/bulletin/2012/jun/7.html
Foreign Exchange Settlement Practices in Australia
10 Feb 1998
Bulletin
– February 1998
But the amount at risk can also be reduced by netting, provided it is legally enforceable. ... financial markets, a prerequisite to the participation of Australian banks in multilateral netting schemes for foreign exchange.
https://www.rba.gov.au/publications/bulletin/1998/feb/2.html
Australian Banks' Activities in Derivatives Markets: Products and Risk-Management Practices
10 Sep 1994
Bulletin
– September 1994
An associated issue highlighted in banks' responses to the survey was the need for a sound legal foundation for netting arrangements between counterparties. ... Forms of credit risk enhancement, other than netting, are not widely used by Australian banks.
https://www.rba.gov.au/publications/bulletin/1994/sep/1.html