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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Payments System Board Annual Report 2022
27 Sep 2022
PSB Annual Report
- 2022
PDF
2830KB
https://www.rba.gov.au/publications/annual-reports/psb/2022/pdf/psb-annual-report-2022.pdf
Supervision of Clearing and Settlement Facilities
24 Oct 2016
PSB Annual Report
– 2016
changes to improve portability arrangements and the close-out process. education and communication initiatives, including updates to participant disclosures on ASX's default management arrangements. ... increase in trading activity, although trends in
https://www.rba.gov.au/publications/annual-reports/psb/2016/supervision-of-clearing-and-settlement-facilities.html
Payments System Board Annual Report 2016
14 Oct 2016
PSB Annual Report
2016
PDF
2089KB
https://www.rba.gov.au/publications/annual-reports/psb/2016/pdf/2016-psb-annual-report.pdf
Payments System Board Annual Report 2016 - Supervision of Clearing and Settlement Facilities
12 Oct 2016
PSB Annual Report
2016
PDF
592KB
https://www.rba.gov.au/publications/annual-reports/psb/2016/pdf/supervision-of-clearing-and-settlement-facilities.pdf
Payments System Board Annual Report 2015
22 Oct 2015
PSB Annual Report
2015
PDF
1153KB
https://www.rba.gov.au/publications/annual-reports/psb/2015/pdf/2015-psb-annual-report.pdf
Payments System Board Annual Report 2015 - Supervision of Clearing and Settlement Facilities
22 Oct 2015
PSB Annual Report
2015
PDF
443KB
https://www.rba.gov.au/publications/annual-reports/psb/2015/pdf/supervision-of-clearing-and-settlement-facilities.pdf
Supervision of Clearing and Settlement Facilities
9 Oct 2015
PSB Annual Report
– 2015
ASX managed BBY's default through a combination of client transfers and the close out of remaining positions. ... The default of a participant alters this balance, exposing the CCP to potential loss until the CCP can successfully close out the defaulted
https://www.rba.gov.au/publications/annual-reports/psb/2015/supervision-of-clearing-and-settlement-facilities.html
Central Clearing of Repos in Australia: A Consultation Paper
25 May 2015
Consultations
PDF
389KB
The GMRA provides for close-out netting in the event one of the counterparties defaults. ... Close-out netting allows an institution to terminate and settle the net value of all contracts with a particular counterparty immediately upon the occurrence of
https://www.rba.gov.au/publications/consultations/201503-central-clearing-of-repos-in-australia/pdf/201503-central-clearing-of-repos-in-australia.pdf
Key Features of Repo CCPs | Central Clearing of Repos in Australia: A Consultation Paper | Consultations
6 Mar 2015
Consultations
CCP could realistically close out or hedge its exposure to a defaulted participant. ... Since multilateral netting may have decreased the overall exposure to the defaulted participant, and the CCP can coordinate the close out of exposures to the
https://www.rba.gov.au/publications/consultations/201503-central-clearing-of-repos-in-australia/key-features-repo-ccp.html
Costs and Benefits of a Repo CCP – Issues for Consultation | Central Clearing of Repos in Australia: A Consultation Paper | Consultations
6 Mar 2015
Consultations
A CCP also offers the benefit of coordinated close out in the event of a participant default. ... If not, why not? Q23. Do you see benefit in settlement netting by line of security?
https://www.rba.gov.au/publications/consultations/201503-central-clearing-of-repos-in-australia/costs-benefits-repo-ccp.html