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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ASX Clear (formerly Australian Clearing House) | 2009/10 Assessment
9 Mar 2023
out of a defaulter's positions (for instance, whether and how to liquidate, hedge or transfer positions); and funding any losses arising in the close-out process (or indeed returning surplus ... ASX has also formalised arrangements with the broker it
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2009-2010/asx-clear.html
Response to COVID-19 | 2019/20 Assessment of ASX Clearing and Settlement Facilities
9 Mar 2023
2019/20 Assessment of ASX Clearing and Settlement Facilities
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2019-2020/response-to-covid-19.html
Glossary | Financial Stability Standards for Central Counterparties December 2012
9 Mar 2023
close out. The process of offsetting an existing contract by entering into a new contract of an equal and opposite position. ... potential future exposure) over the appropriate close out period in the event that the participant defaults.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/standards/central-counterparties/2012/glossary.html
Infrastructure Supporting OTC Derivatives Markets | OTC Derivatives Market Reform Considerations – March 2012
9 Mar 2023
The potential multilateral netting provided by CCPs can also result in significant liquidity and settlement efficiencies, further reducing systemic risk. ... there must be sufficient liquidity in the market to allow for close-out and/or hedging of
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/otc-deriviatives/reports/201203-otc-derivatives-market-reform-considerations/infrastructure.html
ASX Clear (Futures) (formerly SFE Clearing Corporation) | 2009/10 Assessment
9 Mar 2023
The netting arrangements contained in the ASX Clear (Futures) Operating Rules and Procedures are further protected under Part 5 of the Payment Systems and Netting Act. ... ASX has also formalised arrangements with the broker it will use in each market to
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2009-2010/asx-clear-future.html
Standard 1: Legal basis | Appendix C1. Financial Stability Standards for Central Counterparties | Assessment of ASX Clearing and Settlement …
9 Mar 2023
The ASX CCPs' rules give participants the right to close out future obligations (i.e. ... The continued appropriateness of close-out netting rights will need to be assessed in light of future developments in FMI resolution.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2016-2017/asx-central-counterparties/standard-01.html
Standard 1: Legal basis | Appendix C1. Financial Stability Standards for Central Counterparties | Assessment of ASX Clearing and Settlement …
9 Mar 2023
The ASX CCPs' rules give participants the right to close out future obligations (i.e. ... The continued appropriateness of these close-out netting rights will need to be assessed in light of future developments in financial market infrastructure (FMI)
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2017-2018/asx-central-counterparties/standard-01.html
Standard 1: Legal Basis | Assessment of Chicago Mercantile Exchange Inc. against the Financial Stability Standards for Central…
9 Mar 2023
In addition, should the Minister approve CME as a ‘netting market’ under the. ... Winding up. The CME Rulebook provides close-out netting arrangements in the event of CME's insolvency, to provide participants with a clear and certain termination sum.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/chicago-mercantile-exchange/2014/standard-1.html
Appendix B: Background Information | Assessment of ASX Clearing and Settlement Facilities
9 Mar 2023
last settlement of variation margin and the close-out of these positions by the CCP. ... Both CCPs also have the power to restore a matched book via partial or complete termination of contracts at their current market value if normal close-out processes
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2017-2018/appendix-b.html
Appendix B: Background Information | 2021/22 Assessment of ASX Clearing and Settlement Facilities
9 Mar 2023
2021/22 Assessment of ASX Clearing and Settlement Facilities
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2021-2022/appendix-b.html