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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RESERVE BANK OF AUSTRALIA FOREIGN EXCHANGE SETTLEMENTPRACTICES IN AUSTRALIA ...
18 Dec 1997
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268KB
5.3.1 Counterparty exposure limits.355.3.2 Netting arrangements.355.3.3 Other risk management techniques.36. 5.4 INTERNATIONAL INITIATIVES. ... some form of netting for foreign exchange settlements, despite thecurrent legal uncertainty surrounding this
https://www.rba.gov.au/payments-and-infrastructure/resources/publications/payments-au/forex-practices.pdf
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
2014/15 Assessment of ASX Clearing and Settlement Facilities-Special Topic – Recovery Planning
17 Aug 2023
Partial termination. A power which could be used to close out a CCP's market risk on the defaulter's portfolio if normal close-out processes were not available or proved ... to determine whether they wished to contribute to replenishment, or instead
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2014-2015/special-topic-recovery-planning.html
Assessment of Clearing and Settlement Facilities against the Financial Stability Standards | 2015/16 Assessment of ASX Clearing and…
18 May 2023
last settlement of variation margin and the close out of these positions by the CCP. ... Both CCPs also have the powers to restore a matched book via partial or complete termination of contracts if normal close-out processes cannot be carried out.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/assessment-of-clearing-and-settlement-facilities-against-the-financial-stability-standards.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
Oversight of Clearing and Settlement Facilities
12 Sep 2014
PSB Annual Report
– 2014
Also taking into account multilateral netting of participants' obligations, average daily settlements between participants associated with these trades increased marginally in 2013/14 to $8.3 billion. ... Reflecting the lower liquidity of OTC derivatives
https://www.rba.gov.au/publications/annual-reports/psb/2014/oversight-clearing-set.html
Assessment of the Reserve Bank Information and Transfer System - 2020
11 Jun 2020
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1503KB
back arrangements. These arrangements involve the netting and settlement of SWIFT PDS transactions in. ... system are unknown before the close of the interbank cash market.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2020/pdf/2020-assessment-rits.pdf
Assessment of the Reserve Bank Information and Transfer System
4 Jun 2018
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694KB
The NPP is a fast payments system that enables close-to-immediate funds availability to payment recipients on a 24/7 basis, even where the payer and payee use different financial ... Open repos were introduced in November 2013 to facilitate the
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2018/pdf/2018-assess-rits.pdf
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
2019 Assessment of the Reserve Bank Information and Transfer System
19 Dec 2019
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1608KB
Department, drawing out lessons learned from the outage and initiating follow-up actions. ... obligations arising from the direct entry system are unknown before the close of the interbank cash.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2019/pdf/2019-assessment-rits.pdf