Search: Exchange Settlement Account
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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The Role of Collateral in Borrowing
20 Jan 2021
RDP
2021-01
The funding tightness is also evident from the rapid rise of Exchange Settlement Account (ESA) balances to historical highs around when Lehman Brothers defaulted on 15 September (Figure 2). ... Some accounts banks use on behalf of clients – indicated
https://www.rba.gov.au/publications/rdp/2021/2021-01/full.html
Appendix A: Interbank Market Infrastructure
20 Jan 2021
RDP
2021-01
In the unsecured market, lending takes place via payments between banks' Exchange Settlement Accounts (ESAs) held in RITS, which is the RBA's interbank high-value payments settlement system. ... accounts. The international regulatory term for this
https://www.rba.gov.au/publications/rdp/2021/2021-01/appendix-a.html
Institutional Background and Data
20 Jan 2021
RDP
2021-01
The funding tightness is also evident from the rapid rise of Exchange Settlement Account (ESA) balances to historical highs around when Lehman Brothers defaulted on 15 September (Figure 2). ... Accounts are assumed to be client accounts if the words
https://www.rba.gov.au/publications/rdp/2021/2021-01/institutional-background-and-data.html