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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Special Topic: Default Arrangements | 2010/11 Assessment
9 Mar 2023
The specific close-out method used will depend on market conditions,and the products in question. ... Use of auctions to close out exposures is less likely to be considered by ASX.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2010-2011/special-topic.html
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
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
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
Appendix A: Detailed Self-assessment | 2013 Self-assessment of the Reserve Bank Information and Transfer System
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/2013/appendix-a.html
Self-assessment of RITS against the Principles | 2013 Self-assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
Close-out netting provisions included in repo contracts with participants provide for the immediate liquidation of collateral in the event of a default. ... This right is supported by Part 4 of the. Payment Systems and Netting Act 1998.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2013/assessment.html
Material Developments | 2020/21 Assessment of ASX Clearing and Settlement Facilities
9 Mar 2023
2020/21 Assessment of ASX Clearing and Settlement Facilities
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2020-2021/material-developments.html
Appendix B: Detailed Assessment of the Reserve Bank Information and Transfer System | 2017 Assessment of the Reserve Bank Information and…
9 Mar 2023
Close-out netting provisions included in repo contracts with RITS members provide for the immediate liquidation of collateral in the event of default. ... the close-out amount to be set off against any other amounts payable by the non-defaulting party to
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2017/appendix-b.html
Appendix B: Detailed Assessment of the Reserve Bank Information and Transfer System | 2018 Assessment of the Reserve Bank Information and…
9 Mar 2023
Close-out netting provisions included in repo contracts with RITS members 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/2018/appendix-b.html