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
Appendix B: Detailed Assessment of the Reserve Bank Information and Transfer System | 2020 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/2020/appendix-b.html
Financial Stability Standard for Central Counterparties
9 Mar 2023
This process is a form of novation (see definition below);. "close out" is the process of offsetting an existing contract by entering into a new contract of an equal and opposite ... have the ability to close out, or otherwise deal with a participant's
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/standards/central-counterparties/2009/ctrl-counterparties-std.html
Appendix B: Detailed Assessment of the Reserve Bank Information and Transfer System | 2019 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/2019/appendix-b.html
Attachment 1 | 2007/08 Assessment
9 Mar 2023
Under a new harmonised margin-setting methodology recently introduced at ACH and SFECC, the higher of a one or two-day close-out period is applied. ... SFECC has the ability to close out any open contracts, to exercise or terminate open contracts, or to
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2007-2008/attachment1.html
5. Assessment of Clearing and Settlement Facilities against the Financial Stability Standards | 2011/12 Assessment of Clearing and…
9 Mar 2023
2011/12 compliance report for clearing and settlement facilities
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2011-2012/assest-cs-fin-stability.html
Assessment of CS Facilities against the Financial Stability Standards | 2008/09 Assessment
9 Mar 2023
The Reserve Bank welcomes ACH's review of default-management processes, which recognises that detailed ex-ante planning is critical to an effective close-out process. ... The Reserve Bank welcomes this review of default-management processes, which
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2008-2009/assest-cs-fin-stability.html
Attachment: Detailed Information Relevant to Assessment against the Financial Stability Standards | 2008/09 Assessment
9 Mar 2023
have the ability to close out, or otherwise deal with a participant's open contracts in order to appropriately control risk if a participant:. ... closed out, assuming a close-out period of either one or two days.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2008-2009/attachment.html
List of tables | Assessment of ASX Clearing and Settlement (CS) Facilities against the Principles for Financial Market Infrastructures…
9 Mar 2023
assumptions regarding close-out periods, product risks, portfolio effects, product offsets and floors to limit the need for procyclical changes (Key Considerations 3, 5). ... of close-out and hedging tools, including the auction of open OTC derivatives
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/principles/assessment-against-principles/asx/2014/tables.html
Special Topic | Assessment of ASX Clearing and Settlement Facilities
9 Mar 2023
Protection of the netting arrangements of ASX Settlement by its approval under Part 3 of the PSNA. ... close out any positions of transferring customers found to pose an unacceptable risk.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2018-2019/special-topic-legal-basis.html
The Reserve Bank of Australia's Financial Stability Standards | 2009/10 Assessment
9 Mar 2023
have the ability to close out, or otherwise deal with a participant's open contracts in order to appropriately control risk if a participant:. ... ASX Clear (Futures) has the ability to close out any open contracts, to exercise or terminate open contracts
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2009-2010/appendix-b.html