Search: exchange settlement account policy
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 Impact of Payment System Design on Tiering Incentives
28 Jan 2015
RDP
PDF
862KB
While all ADIs can now become direct participants in RITS, only banks are required to hold a RITS settlement account. ... See ‘Exchange Settlement Account Policy’ (found at http://www.rba.gov.au/payments-system/esa/index.html) for more information on
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-06.pdf
Current Account Deficits: The Australian Debate
12 Mar 2007
RDP
PDF
289KB
From the early 1970s to December 1983, with the fixed (and later managed) exchange rate regime, current account deficits in Australia were a cause of policy concern to the extent that ... But the more general and growing concern was the problem of
https://www.rba.gov.au/publications/rdp/2007/pdf/rdp2007-02.pdf
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
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The Yield and Market Function Effects of the Reserve Bank of Australia’s Bond Purchases
19 May 2022
RDP
PDF
1938KB
are ongoing) and so reinforce expectations for a low policy rate;6 and. ... Reserve Bank announced a package of policy measures, including its intention to purchase.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-02.pdf
The Yield and Market Function Effects of the Reserve Bank of Australia's Bond Purchases
24 May 2022
RDP
2022-02
had some signalling effect, forward guidance and the 3-year yield target were already providing a powerful signal regarding future policy. ... 4 bps. 28 September 2020. Market economist report calling for further policy easing.
https://www.rba.gov.au/publications/rdp/2022/2022-02/full.html
The Term Funding Facility: Has It Encouraged Business Lending?
13 Dec 2022
RDP
2022-07
to 25 basis points; a change in the rate of remuneration of exchange settlement balances to 10 basis points; a target for the 3-year yield on Australian Government Securities (AGS) ... BBSW). (b) Face-value weighted monthly average. Sources: Bloomberg;
https://www.rba.gov.au/publications/rdp/2022/2022-07/full.html
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Explaining Monetary Spillovers: The Matrix Reloaded
1 Apr 2019
RDP
2019-03
Central banks' policy mandates and goals differ across countries, but most respond to macroeconomic conditions (in particular inflation, and often unemployment or the output gap) and, for some, exchange rate considerations ... In effect, the country
https://www.rba.gov.au/publications/rdp/2019/2019-03/full.html
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Identifying Interbank Loans from Payments Data
6 Dec 2016
RDP
PDF
3267KB
Research Discussion Paper 2016-11. December 2016. Economic Research Department Payments Policy Department. ... RITS transactions are settled using Exchange Settlement Accounts (ESAs). These are accounts.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-11.pdf
The Role of Collateral in Borrowing
14 Jan 2021
RDP
PDF
1784KB
in other countries), and a surge in bond issuance followed. The funding tightness is also evident from the rapid rise of Exchange Settlement Account (ESA). ... Austraclear accounts. Some accounts banks use on behalf of clients – indicated by the
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-01.pdf
The Australian Experience
1 Jul 1990
RDP
9002
in Figure 15. Nominal and real exchange rates relative to the U.S. ... dollar, and not until 1985 against other currencies. Exchange rate changes were not passed into wage settlements, thus improving competitiveness in U.S.
https://www.rba.gov.au/publications/rdp/1990/9002/australian-experience.html
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