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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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
FSR Developments in the Financial System
10 Sep 2008
FSR
– September 2008
Throughout the recent turmoil in financial markets the various regulators in Australia have been in close contact with one another. ... ASX has since increased the fees applying to failed trades and has announced prospective new arrangements for the
https://www.rba.gov.au/publications/fsr/2008/sep/dev-sys-infra.html
The Australian High-Value Payments System
10 Mar 2004
FSR
– March 2004
To avoid this, the Payment Systems and Netting Act provides for the Reserve Bank to approve RTGS systems that meet specified criteria. ... A multilateral netting arrangement is one where obligations between three or more parties to financial transactions
https://www.rba.gov.au/publications/fsr/2004/mar/aus-high-val-pay-sys.html
Developments in the Financial System Infrastructure
10 Sep 2005
FSR
– September 2005
and the. Payment Systems and Netting Act 1998. The. Payment Systems and Netting Act. ... Core Principle V – Settlement in Multilateral Netting Systems – is not applicable since RITS is not a multilateral netting system.
https://www.rba.gov.au/publications/fsr/2005/sep/dev-sys-infra.html
Box D: Core Principles for Systemically Important Payment Systems
10 Sep 2005
FSR
– September 2005
A system in which multilateral netting takes place should, at a minimum, be capable of ensuring the timely completion of daily settlements in the event of an inability to settle by ... The central bank should oversee compliance with the Core Principles
https://www.rba.gov.au/publications/fsr/2005/sep/box-d.html
Resilience of the Australian Financial System
22 Mar 2024
FSR
– March 2024
Resilience of the Australian Financial System | Financial Stability Review – March 2024
https://www.rba.gov.au/publications/fsr/2024/mar/resilience-of-the-australian-financial-system.html
The Australian Financial System
20 Apr 2016
FSR
– April 2016
Given the increase in risk, commercial property lending, including for residential development, will require continued close monitoring for some time yet. ... Each of the Australian banks required to disclose the measure reported a leverage ratio close
https://www.rba.gov.au/publications/fsr/2016/apr/aus-fin-sys.html
Developments in the Financial System Architecture
20 Oct 2017
FSR
– October 2017
This will facilitate more meaningful monitoring of leverage for financial stability purposes and better capture, for example, the use of ‘synthetic leverage’ and the effects of netting and hedging. ... The report pointed out some possible
https://www.rba.gov.au/publications/fsr/2017/oct/dev-fin-sys-arch.html
The Australian Financial System
12 Apr 2019
FSR
– April 2019
Major banks' Common Equity Tier 1 (CET1) ratios are all at, or close to, APRA's benchmark of 10 per cent (Graph 3.6). ... CCPs have the potential to significantly reduce risks to participants through the multilateral netting of trades and by imposing more
https://www.rba.gov.au/publications/fsr/2019/apr/australian-financial-system.html
The Australian Financial System
4 Oct 2019
FSR
– October 2019
Rates of non-performance on banks' New Zealand lending, which accounts for the majority of offshore lending, are close to their post-GFC low. ... CCPs have the potential to significantly reduce risks to participants through the multilateral netting of
https://www.rba.gov.au/publications/fsr/2019/oct/australian-financial-system.html