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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Non-dealer Clearing of Over-the-counter Derivatives
20 Mar 2014
Bulletin
– March 2014
In 2009, the G20 leaders agreed that all standardised over-the-counter (OTC) derivatives should be cleared through central counterparties (CCPs). Accordingly, an increasing proportion of OTC derivatives are now centrally cleared, particularly where
https://www.rba.gov.au/publications/bulletin/2014/mar/9.html
The Australian High-Value Payments System
10 Mar 2004
FSR
– March 2004
To avoid this, the Payment Systems and Netting Act provides for the Reserve Bank to approve RTGS systems that meet specified criteria. ... A multilateral netting arrangement is one where obligations between three or more parties to financial transactions
https://www.rba.gov.au/publications/fsr/2004/mar/aus-high-val-pay-sys.html
Developments in the Financial System Infrastructure
10 Sep 2005
FSR
– September 2005
and the. Payment Systems and Netting Act 1998. The. Payment Systems and Netting Act. ... Core Principle V – Settlement in Multilateral Netting Systems – is not applicable since RITS is not a multilateral netting system.
https://www.rba.gov.au/publications/fsr/2005/sep/dev-sys-infra.html
Real-time Gross Settlement in Australia
10 Sep 2010
Bulletin
– September 2010
Payment Systems and Netting Act 1998. which ensures that payments cannot be unwound if a participant were to fail after having made payments earlier in the day. ... However, the afternoon peak has fallen over time, due in part to some netting
https://www.rba.gov.au/publications/bulletin/2010/sep/8.html
Topic: Payments
11 Sep 2018
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/payments/
Box D: Core Principles for Systemically Important Payment Systems
10 Sep 2005
FSR
– September 2005
A system in which multilateral netting takes place should, at a minimum, be capable of ensuring the timely completion of daily settlements in the event of an inability to settle by ... The central bank should oversee compliance with the Core Principles
https://www.rba.gov.au/publications/fsr/2005/sep/box-d.html
Supervision of Banks' Derivative Activities
10 Aug 1993
Bulletin
– August 1993
But it is also noted that these close linkages can be destabilising – with the potential for disturbances to be reinforced, perhaps even amplified, across markets. ... The Basle Committee on Banking Supervision released in April, a consultative paper
https://www.rba.gov.au/publications/bulletin/1993/aug/2.html
Economic and Financial Research in the Reserve Bank in 1994
2 Jun 2003
Bulletin
PDF
50KB
Two papers examined prudentialsupervisory issues. The paper by MarianneGizycki and Brian Gray discusses thecalculation of capital charges to cover defaultrisks in a system that allows ‘netting’, wherebyamounts owing between two parties
https://www.rba.gov.au/publications/bulletin/1995/feb/pdf/bu-0295-2.pdf
Australian Banks’ Activities in Derivatives Markets: Products and Risk-Management Practices
5 Feb 2003
Bulletin
PDF
480KB
Thebilateral or multilateral netting of contractualpayments due on settlement dates, and ofunrealised losses against unrealised gains inthe event of a counterparty’s default, is animportant means of mitigating credit risk. ... Forms of credit risk
https://www.rba.gov.au/publications/bulletin/1994/sep/pdf/bu-0994-1.pdf
Central Counterparty Interoperability
20 Jun 2012
Bulletin
PDF
668KB
Reserve Bank of Australia Bulletin June Quarter 2012
https://www.rba.gov.au/publications/bulletin/2012/jun/pdf/bu-0612-7.pdf