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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Appendix B: Detailed Assessment of the Reserve Bank Information and Transfer System | 2021 Assessment of the Reserve Bank Information and…
8 Sep 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/2021/appendix-b.html
Appendix B: Detailed Assessment of the Reserve Bank Information and Transfer System | 2022 Assessment of the Reserve Bank Information and…
8 Sep 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/2022/appendix-b.html
Assessment of Clearing and Settlement Facilities against the Financial Stability Standards | 2014/15 Assessment of ASX Clearing and…
17 Aug 2023
ASX Clear conducts separate liquidity stress tests based on a range of close-out scenarios to establish whether the CCP has access to sufficient financial resources to meet potential payment obligations, ... in part reflects ASX's assessment of the
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2014-2015/assessment-of-clearing-and-settlement-facilities-against-the-financial-stability-standards.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
A1. Financial Stability Standards for Central Counterparties | 2014/15 Assessment of ASX Clearing and Settlement Facilities
17 Aug 2023
The ASX Clear Operating Rules give participants the right to close out future obligations (i.e. ... The rules do not interfere with ASX Clear's existing liquidity management arrangements, and ASX will review the continued appropriateness of close-out
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2014-2015/appendix-a1-financial-stability-standards-for-central-counterparties.html
A1.2 ASX Clear (Futures) | 2014/15 Assessment of ASX Clearing and Settlement Facilities
17 Aug 2023
2014/15 Assessment of ASX Clearing and Settlement Facilities
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2014-2015/appendix-a1-2-asx-clear-futures.html
A2. Financial Stability Standards for Securities Settlement Facilities | 2014/15 Assessment of ASX Clearing and Settlement Facilities
17 Aug 2023
The certainty of this legal basis in relevant jurisdictions is reinforced by supporting legislation, including the approval of ASX Settlement's netting arrangements under the Payment Systems and Netting Act 1998 ... Legal basis. ASX Settlement's
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2014-2015/appendix-a2-financial-stability-standards-for-securities-settlement-facilities.html
Appendix B: CME Regulatory Environment and Risk Management | Assessment of Chicago Mercantile Exchange Inc
9 Jun 2023
between the last settlement of variation margin and the close-out of these positions. ... CME targets an ex post coverage of 99 per cent assuming a close-out period of five days.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/chicago-mercantile-exchange/2018/appendix-b.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