Search: CLS Bank
RBA Glossary definition for CLS Bank
CLS Bank – CLS Bank is a multi-currency bank, regulated by the Federal Reserve Bank of New York, which uses central bank funds to simultaneously settle cross-currency transactions in real time through a process known as Continuous Linked Settlement (CLS).
RBA Glossary definition for CLS
CLS – Continuous Linked Settlement. A process enabling simultaneous foreign exchange settlement across the globe, eliminating the settlement risk caused by delays arising from time-zone differences.
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Box B: Developments in Bank Funding Costs
10 Aug 2010
SMP
– August 2010
Statement on Monetary Policy – August 2010 Box B: Developments in Bank Funding Costs. ... Footnotes. This is an update of previous Reserve Bank research on banks' funding costs published as Brown A, M Davies, D Fabbro and T Hanrick (2010), ‘Recent
https://www.rba.gov.au/publications/smp/2010/aug/box-b.html
Statement on Monetary Policy
7 May 2024
SMP
The Reserve Bank issues a Statement on Monetary Policy four times a year. These statements assess current economic conditions and the prospects for inflation and output growth. These statements have replaced the Semi-Annual Statements on Monetary
https://www.rba.gov.au/publications/smp/
Box A: Small Banks in China
9 Aug 2019
SMP
– August 2019
In particular, small banks have lent to, and purchased securities issued by, non-bank financial institutions (NBFIs), which in turn extend credit to firms, including MSEs. ... In addition, small banks have relied heavily on short-term funding, with
https://www.rba.gov.au/publications/smp/2019/aug/box-a-small-banks-in-china.html
Box B: US Dollar Swap Arrangements between Central Banks
10 Nov 2008
SMP
– November 2008
More recently, these swap lines have been expanded, and new lines have been established with 12 other central banks including the Bank of Japan (BoJ), the Bank of England (BoE) and ... However, the receiving central banks' domestic assets have expanded.
https://www.rba.gov.au/publications/smp/2008/nov/box-b.html
Box C: Use of the Reserve Bank's Term Funding Facility
6 Aug 2021
SMP
– August 2021
The facility has provided low-cost 3-year funding to banks operating in Australia (against high-quality collateral, as is the case for all central bank funding). ... Financial Stability Review. ). The Reserve Bank will continue to monitor the situation
https://www.rba.gov.au/publications/smp/2021/aug/box-c-use-of-the-reserve-banks-term-funding-facility.html
Box D: Bank Bill Swap Benchmark Rates
10 Nov 2013
SMP
– November 2013
In the past, AFMA has relied on a panel of 14 market participants (both prime and non-prime banks) to each submit an assessment of where prime bank bills and CDs ... These banks are now expected to make continuous two-way markets in prime bank bills and
https://www.rba.gov.au/publications/smp/2013/nov/box-d.html
In Brief: Statement on Monetary Policy – February 2024
6 Feb 2024
SMP
Minutes of the Reserve Bank Board meeting, published two weeks after the decision. ... Reserve Bank of Australia, 2001–2024. All rights reserved. The Reserve Bank of Australia acknowledges the Aboriginal and Torres Strait Islander Peoples of Australia
https://www.rba.gov.au/publications/smp/2024/feb/
Banks' Funding
10 Nov 2007
SMP
– November 2007
There was relatively little variation across the different types of banks (Graph D2). ... The smaller Australian banks and foreign banks also increased their sales of securities under repo to boost their liquidity.
https://www.rba.gov.au/publications/smp/2007/nov/box-d.html
Box E: The Reserve Bank's Term Funding Facility (TFF)
7 Aug 2020
SMP
– August 2020
Statement on Monetary Policy – August 2020 Box E: The Reserve Bank's Term Funding Facility (TFF). ... This includes more than 130 Australian banks, credit unions and building societies, as well as foreign bank branches and subsidiaries operating in
https://www.rba.gov.au/publications/smp/2020/aug/box-e-the-reserve-banks-term-funding-facility-tff.html
Box C: Reserve Bank Open Market Operations
10 Nov 2007
SMP
– November 2007
Statement on Monetary Policy – November 2007 Box C: Reserve Bank Open Market Operations. ... accommodated by transactions undertaken by the Bank in the foreign exchange swap market.
https://www.rba.gov.au/publications/smp/2007/nov/box-c.html