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.
Search Results
Box B: Central Clearing of Over-the-counter Credit Derivatives
10 Mar 2009
FSR
– March 2009
were owed upon close-out, and in co-ordinating the decentralised replacement of defaulted trades. ... Lehman's open positions were ascertained quickly and unwound with little uncertainty regarding counterparty risk or disruption to the broader market,
https://www.rba.gov.au/publications/fsr/2009/mar/box-b.html
Box B: Central Clearing of Over-the-counter Credit Derivatives
25 Mar 2009
FSR
- March 2009
PDF
99KB
https://www.rba.gov.au/publications/fsr/2009/mar/pdf/box-b.pdf
Oversight of Clearing and Settlement Facilities
11 Sep 2008
PSB Annual Report
– 2008
The stress-test approach is designed to ensure that ACH has sufficient liquidity to assume a defaulter's cash equity settlement obligations and close out its outstanding derivatives positions. ... The Bank has, therefore, been in close dialogue with ASX
https://www.rba.gov.au/publications/annual-reports/psb/2008/oversight.html
Performance of Australia's Payments Infrastructure during the Market Turbulence
2 Oct 2009
PSB Annual Report
– 2009
Initial margins are collected by the central counterparties to cover any losses arising in the close out of derivatives positions should a default occur. ... and a requirement to close out positions remaining unsettled on the fifth day after trade date.
https://www.rba.gov.au/publications/annual-reports/psb/2009/performance.html
FSR Developments in the Financial System
10 Sep 2008
FSR
– September 2008
Throughout the recent turmoil in financial markets the various regulators in Australia have been in close contact with one another. ... ASX has since increased the fees applying to failed trades and has announced prospective new arrangements for the
https://www.rba.gov.au/publications/fsr/2008/sep/dev-sys-infra.html
Payments System Board Annual Report 2011 - Oversight of Clearing and Settlement Facilities
20 Sep 2011
PSB Annual Report
2011
PDF
569KB
https://www.rba.gov.au/publications/annual-reports/psb/2011/pdf/oversight.pdf
Oversight of Clearing and Settlement Facilities
2 Oct 2009
PSB Annual Report
– 2009
of cash equities trades, as a result of the netting of obligations in the batch. ... to close out the position in the market.
https://www.rba.gov.au/publications/annual-reports/psb/2009/oversight.html
Payments System Board Annual Report 2008
17 Sep 2008
PSB Annual Report
2008
PDF
493KB
https://www.rba.gov.au/publications/annual-reports/psb/2008/pdf/2008-psb-ann-report.pdf
Financial Stability Review - March 2009
17 Apr 2009
FSR
- March 2009
PDF
1621KB
https://www.rba.gov.au/publications/fsr/2009/mar/pdf/0309.pdf
Oversight of Clearing and Settlement Facilities
12 Sep 2014
PSB Annual Report
– 2014
Also taking into account multilateral netting of participants' obligations, average daily settlements between participants associated with these trades increased marginally in 2013/14 to $8.3 billion. ... Reflecting the lower liquidity of OTC derivatives
https://www.rba.gov.au/publications/annual-reports/psb/2014/oversight-clearing-set.html