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
The Case for Real Time Gross Settlement (Media Release 1995-05 attachment 1)
9 Aug 2004
Media Release
PDF
106KB
on the robustness of netting law. ... Once this system is fully operational, further work will be carried out on a RTGS system.
https://www.rba.gov.au/media-releases/1995/pdf/mr-95-05-attach-1.pdf
Media Releases – 2000
31 Dec 2000
Media releases
issued in 2000
https://www.rba.gov.au/media-releases/2000/
Payment Systems and Netting Act 1998: Approval of CHESS RTGS Feeder System
24 Nov 2000
Media Releases
The Reserve Bank has declared that the Clearing House Electronic Subregister System (CHESS) is an approved real-time gross settlement (RTGS) system under section 9 of the Payment Systems and Netting Act 1998
https://www.rba.gov.au/media-releases/2000/mr-00-19.html
Media Releases – 1999
31 Dec 1999
Media releases
issued in 1999
https://www.rba.gov.au/media-releases/1999/
Payment Systems and Netting Act 1998:Approval of Multilateral Netting Arrangements
24 Nov 1999
Media Releases
Anouncement that the Austraclear System and the Australian Payments Clearing Association's (APCA's) High Value Clearing System have been declared approved multilateral netting arrangements under the payment systems and act 1998
https://www.rba.gov.au/media-releases/1999/mr-99-13.html
Reducing Foreign Exchange Settlement Risk in Australia – A Progress Report
7 Sep 1999
Media Releases
Release of a report entitled ‘Reducing Foreign Exchange Settlement Risk in Australia – a Progress Report’ based on a survey of foreign exchange dealers conducted during October 1998
https://www.rba.gov.au/media-releases/1999/mr-99-08.html
Media Releases – 1998
31 Dec 1998
Media releases
issued in 1998
https://www.rba.gov.au/media-releases/1998/
Payment Systems and Netting Act 1998: Approval of RITS and Austraclear
29 Oct 1998
Media Releases
The Payments System Board declares the Reserve Bank Information and Transfer System (RITS) and the Austraclear System (otherwise known as FINTRACS) are approved real-time gross settlement (RTGS) systems in terms of the Payment Systems and Netting
https://www.rba.gov.au/media-releases/1998/mr-98-15.html
Joint Media Release: Memorandum of Understanding between the ACCC and RBA
9 Sep 1998
Media Releases
The Australian Competition and Consumer Commission (ACCC)and the Reserve Bank today released a Memorandum of Understanding covering their respective responsibilities for access and competition in the payments system
https://www.rba.gov.au/media-releases/1998/jmr-98-accc-rba.html
Reform of Interbank Payments
5 Apr 1995
Media Releases
Announces that after consulting with the banks and the Australian Payment Clearing Association (APCA), the RBA is now presenting a case for moving to a Real-time Gross Settlement (RTGS) payments system and proposes a means of achieving this
https://www.rba.gov.au/media-releases/1995/mr-95-05-attach-1.html