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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Financial Stability Review – September 2008
13 Oct 2008
FSR
– September 2008
PDF
692KB
https://www.rba.gov.au/publications/fsr/2008/sep/pdf/0908.pdf
The Australian High-Value Payments System
19 Apr 2004
FSR
PDF
98KB
7amSource: RBA. Financial Stability Review March 2004. 44. Box 1: The Payment Systems and Netting Act. ... legal uncertainties including the fi nality of RTGS payments and the certainty of multilateral netting arrangements.
https://www.rba.gov.au/publications/fsr/2004/mar/pdf/0304-1.pdf
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
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
Financial Stability Review
1 Apr 2004
FSR
PDF
611KB
These issues, together with those closer to home arising from the changed fi nancial behaviour of households described above, will bear close watching over the period ahead. ... bonds and an interpolated swap rate equivalent to their weighted-average
https://www.rba.gov.au/publications/fsr/2004/mar/pdf/0304.pdf
Box D: Core Principles for Systemically Important Payment Systems
23 Sep 2005
FSR
- September 2005
PDF
31KB
https://www.rba.gov.au/publications/fsr/2005/sep/pdf/box-d.pdf
Proposed Clearing Regime Design and Application | Central Clearing of OTC Derivatives in Australia June 2011 | Consultations
7 Jun 2011
Consultations
This provides scope to preserve netting benefits across multiple CCPs for market participants with large or complex clearing needs. ... For other participants, though, a reduction in cross-currency or cross-product netting opportunities may result in
https://www.rba.gov.au/publications/consultations/201106-otc-derivatives/proposed-clearing-regime-design.html
Resilience of the Australian Financial System
22 Mar 2024
FSR
– March 2024
Resilience of the Australian Financial System | Financial Stability Review – March 2024
https://www.rba.gov.au/publications/fsr/2024/mar/resilience-of-the-australian-financial-system.html
Central Clearing of Repos in Australia: Conclusions
28 Oct 2015
Consultations
PDF
306KB
To maximise such netting benefits as were available, any repo CCP would ideally also clear outright purchases and sales. ... to support the commercial viability of any repo CCP and to maximise both netting opportunities and operational efficiencies.
https://www.rba.gov.au/publications/consultations/201503-central-clearing-of-repos-in-australia/conclusions/pdf/central-clearing-of-repos-in-australia-conclusions-2015-10.pdf