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
December: 1997-Sample Questionnaire
9 Mar 2023
Media Release
8. Does your institution engage in formal or informal payments netting arrangements for foreign exchange settlements? ... If so, to whom? do these arrangements include close-out netting provisions in the event of default?
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/annex-b.html
December: 1997-Risk Management Practices
9 Mar 2023
Media Release
While some of these agreements provide for payments netting as an option, all have close-out netting provisions in the event of a default by one party. ... The RBA has long supported the introduction of legislation to validate netting arrangements in
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/risk-management-practices.html
December: 1997-Glossary
9 Mar 2023
Media Release
Netting may take several forms which have varying degrees of legal enforceability in the event of default of one of the parties (see also close-out netting, netting by novation and ... Depending on the legal system, obligation netting can find a legal
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/annex-e.html
Payment Systems and Netting Act 1998: Approval of Netting Arrangement
16 Jun 2015
Media Releases
Number 2015-10. Date. 16 June 2015. At its 22 May 2015 meeting, the Payments System Board determined that each multilateral netting arrangement contained in the Issuers and Acquirers Community Framework ... IAC) Regulations and Volume 5 of the IAC Code
https://www.rba.gov.au/media-releases/2015/mr-15-10.html
Payment Systems and Netting Act 1998: Approval of Netting Arrangement
24 Jul 2017
Media Releases
At its meeting on 19 August 2016, the Payments System Board approved the multilateral netting arrangements coordinated by eftpos Payments Australia Limited, subject to compliance with certain conditions.
https://www.rba.gov.au/media-releases/2017/mr-17-14.html
Payment Systems and Netting Act 1998: Approval of Netting Arrangement
1 May 2007
Media Releases
Announces that the RBA has approved the netting arrangement operated by the ASX Settlement and Transfer Corporation (ASTC)
https://www.rba.gov.au/media-releases/2007/mr-07-06.html
Payment Systems and Netting Act 1998 and Cheques Act 1986
19 Aug 2004
Media Releases
Announces that the RBA has approved multilateral netting arrangements for four clearing systems; the Australian Paper Clearing System; the Bulk Electronic Clearing System, the Consumer Electronic Clearing System; and the High Value Clearing System
https://www.rba.gov.au/media-releases/2004/mr-04-07.html
Payment Systems and Netting Act 1998:Approval of Multilateral Netting Arrangements
24 Nov 1999
Media Releases
Anouncement that the Austraclear System and the Australian Payments Clearing Association's (APCA's) High Value Clearing System have been declared approved multilateral netting arrangements under the payment systems and act 1998
https://www.rba.gov.au/media-releases/1999/mr-99-13.html
Payment Systems and Netting Act 1998: Approval of CHESS RTGS Feeder System
24 Nov 2000
Media Releases
The Reserve Bank has declared that the Clearing House Electronic Subregister System (CHESS) is an approved real-time gross settlement (RTGS) system under section 9 of the Payment Systems and Netting Act 1998
https://www.rba.gov.au/media-releases/2000/mr-00-19.html
Payment Systems and Netting Act 1998: Approval of RITS and Austraclear
29 Oct 1998
Media Releases
The Payments System Board declares the Reserve Bank Information and Transfer System (RITS) and the Austraclear System (otherwise known as FINTRACS) are approved real-time gross settlement (RTGS) systems in terms of the Payment Systems and Netting
https://www.rba.gov.au/media-releases/1998/mr-98-15.html