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
5. Assessment of Clearing and Settlement Facilities against the Financial Stability Standards | 2011/12 Assessment of Clearing and…
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/assest-cs-fin-stability.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
Attachment 1 | 2007/08 Assessment
9 Mar 2023
Under a new harmonised margin-setting methodology recently introduced at ACH and SFECC, the higher of a one or two-day close-out period is applied. ... SFECC has the ability to close out any open contracts, to exercise or terminate open contracts, or to
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2007-2008/attachment1.html
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
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
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
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
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