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
December: 1997-Sample Questionnaire
9 Mar 2023
Media Release
8. Does your institution engage in formal or informal payments netting arrangements for foreign exchange settlements? ... If so, to whom? do these arrangements include close-out netting provisions in the event of default?
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/annex-b.html
December: 1997-Risk Management Practices
9 Mar 2023
Media Release
While some of these agreements provide for payments netting as an option, all have close-out netting provisions in the event of a default by one party. ... The RBA has long supported the introduction of legislation to validate netting arrangements in
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/risk-management-practices.html
December: 1997-Glossary
9 Mar 2023
Media Release
Netting may take several forms which have varying degrees of legal enforceability in the event of default of one of the parties (see also close-out netting, netting by novation and ... Depending on the legal system, obligation netting can find a legal
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/annex-e.html
Transcript of Speech and Question & Answer Session on 23 April 2015
23 Apr 2015
Speech
Transcript of Question & Answer Session , London
https://www.rba.gov.au/speeches/2015/sp-ag-2015-04-23-q-and-a-transcript.html
RESERVE BANK OF AUSTRALIA FOREIGN EXCHANGE SETTLEMENTPRACTICES IN AUSTRALIA ...
18 Dec 1997
Media Release
PDF
268KB
5.3.1 Counterparty exposure limits.355.3.2 Netting arrangements.355.3.3 Other risk management techniques.36. 5.4 INTERNATIONAL INITIATIVES. ... some form of netting for foreign exchange settlements, despite thecurrent legal uncertainty surrounding this
https://www.rba.gov.au/media-releases/1997/pdf/fxsp.pdf
December: 1997-Next Steps and Conclusions
9 Mar 2023
Media Release
That recommendation has been accepted by the Australian Government. Netting is a proven way of reducing settlement risk. ... The RBA has been actively supporting legislative proposals to give legal certainty to netting arrangements in Australia.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/next-steps-conclusions.html
December: 1997-Introduction
9 Mar 2023
Media Release
These measures include improving back office processes, revisiting correspondent banking arrangements, examining the scope for bilateral or multilateral netting of foreign exchange settlements and the use of other risk management techniques.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/introduction.html
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
Transcript of Question & Answer Session on 30 November 2021
30 Nov 2021
Speech
Transcript of Question & Answer Session, ACI Australia Conference, Sydney
https://www.rba.gov.au/speeches/2021/sp-dg-2021-11-30-2-q-and-a-transcript.html
Transcript of Question & Answer Session on 17 November 2020
17 Nov 2020
Speech
Transcript of Question & Answer Session ,
https://www.rba.gov.au/speeches/2020/sp-dg-2020-11-17-q-and-a-transcript.html