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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Structural Adjustments
1 Nov 1987
RDP
8710
US$) denotes valuation in US$ by dividing the relevant variable by the exchange rate. ... For the purposes of the RBII model, the aggregate “cash” corresponds with banks' currency holdings, exchange settlement accounts, and deposits with authorised
https://www.rba.gov.au/publications/rdp/1987/8710/structural-adjustments.html