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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December: 1997-Settlement Practices in the Australian Foreign Exchange Market
9 Mar 2023
Media Release
By the close of business on day V1, total settlement exposure equals $A245 billion – two days worth of foreign exchange payments. ... by the close of day V3, the value at risk is nearly $A400 billion.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/settlement-practices-aus-fx-market.html