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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The Foreign Exchange Market and Central Counterparties
10 Mar 2010
Bulletin
PDF
153KB
Reserve Bank of Australia Bulletin March 2010
https://www.rba.gov.au/publications/bulletin/2010/mar/pdf/bu-0310-8.pdf
Appendix B: Detailed Assessment of the Reserve Bank Information and Transfer System | 2014 Assessment of the Reserve Bank Information and…
9 Mar 2023
Close-out netting provisions included in repo contracts with participants provide for the immediate liquidation of collateral in the event of default. ... In the event of insolvency, the close-out netting provisions included in the repo agreements allow
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2014/appendix-b.html
The Model
22 Nov 2016
RDP
2016-07
For instance: we do not consider how networks affect the structure of risk and the efficiency of netting arrangements (e.g. ... Both have occurred in recent practice: SwapClear was able to close out the Lehman Brothers portfolio in 2008 without exceeding
https://www.rba.gov.au/publications/rdp/2016/2016-07/model.html
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Box B: Central Clearing of Over-the-counter Credit Derivatives
10 Mar 2009
FSR
– March 2009
were owed upon close-out, and in co-ordinating the decentralised replacement of defaulted trades. ... Lehman's open positions were ascertained quickly and unwound with little uncertainty regarding counterparty risk or disruption to the broader market,
https://www.rba.gov.au/publications/fsr/2009/mar/box-b.html
Central Counterparty Links and Clearing System Exposures
2 Feb 2015
RDP
PDF
3395KB
For participantsi and j, let Xki j represent the net obligation of i to j in product k that could accruein the future over the close-out period. ... While participants may have an expectation that their positions will beprofitable, intermediate gains and
https://www.rba.gov.au/publications/rdp/2013/pdf/rdp2013-12.pdf
Standard 1: Legal Basis | Financial Stability Standards for Central Counterparties December 2012
9 Mar 2023
Laws and regulations specific to a central counterparty's activities include those governing: its authorisation, regulation, supervision and oversight; rights and interests in financial instruments; settlement finality; close out; novation; netting;
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/standards/central-counterparties/2012/standard-1.html
Appendix B: Detailed Assessment of the Reserve Bank Information and Transfer System | 2015 Assessment of the Reserve Bank Information and…
9 Mar 2023
Close-out netting provisions included in repo contracts with RITS participants provide for the immediate liquidation of collateral in the event of default. ... In the event of insolvency, the close-out netting provisions included in the repo agreements
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2015/appendix-b.html
Box B: Central Clearing of Over-the-counter Credit Derivatives
25 Mar 2009
FSR
- March 2009
PDF
99KB
https://www.rba.gov.au/publications/fsr/2009/mar/pdf/box-b.pdf
Assessment against the Core Principles | 2009 Self-assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
In the event of insolvency, the close-out netting provisions included in the repo agreements allow the Reserve Bank to close out or terminate the second leg of the repo immediately. ... At the end of the settlement close session, any remaining queued
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2009/assessment.html
Data and Exposure Analysis
29 Sep 2015
RDP
2015-02
The future regulatory minimum in non-centrally cleared settings is ten days, reflecting the likelihood that it will be more difficult to close out positions in a decentralised setting than via ... Initial margin again increases with the assumed closeout
https://www.rba.gov.au/publications/rdp/2015/2015-02/data-exposure-analysis.html
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