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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Assessment of CS Facilities against the Financial Stability Standards | 2008/09 Assessment
9 Mar 2023
The Reserve Bank welcomes ACH's review of default-management processes, which recognises that detailed ex-ante planning is critical to an effective close-out process. ... The Reserve Bank welcomes this review of default-management processes, which
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2008-2009/assest-cs-fin-stability.html
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
Attachment: Detailed Information Relevant to Assessment against the Financial Stability Standards | 2008/09 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:. ... closed out, assuming a close-out period of either one or two days.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2008-2009/attachment.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
Box 1 | Survey of the OTC Derivatives Market in Australia – May 2009
9 Mar 2023
Without reliable legal interpretations, the efficacy of Master Agreements is limited, especially where remaining creditors seek to close out and net their obligations to a defaulting party. ... In many cases these agreements also permit cross-product
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/otc-deriviatives/survey-otc-deriv-mkts/box-1.html
3. Assessment of LCH.Clearnet Limited against the Financial Stability Standards | 2013/14 Assessment of LCH.Clearnet Limited's SwapClear…
9 Mar 2023
The model sets initial margin requirements to cover potential losses over a 5-day close-out period with 99.7 per cent confidence, based on historical movements in yield curves and ... LCH.C Ltd assumes that an additional two-day period will be required
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/lch/2014/assessment.html
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
Appendix B | Assessment of LCH Limited's SwapClear Service-December 2019
9 Mar 2023
positions between the last settlement of variation margin and the close-out of these positions. ... The model sets initial margin requirements to cover potential losses over a five-day close-out period for participants with 99.7 per cent confidence,
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/lch/2019/appendix-b.html
2011/12 Assessment of Clearing and Settlement Facilities in Australia
9 Mar 2023
2011/12 compliance report for clearing and settlement facilities
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2011-2012/appendix-a.html
Attachment 1 | 2006/07 Assessment
9 Mar 2023
Premium margins are called on sold option positions to reflect their close-out price, and are updated on a daily basis to ensure that they are current. ... SFECC has the ability to close out any open contracts, to exercise or abandon open contracts, or
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2006-2007/attachment1.html