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 ASX Clearing and Settlement Facilities - October 2023
5 Feb 2024
PDF
701KB
2.1 Ratings The ratings for the current assessment period are set out in Table 1 below. ... during the close-out period for OTC interest rate derivatives and 99 per cent for the remaining products at ASX.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2022-2023/pdf/report-2022-2023.pdf
RITS regulations
21 Nov 2023
PDF
1234KB
Without limiting the above, it includes an “external administration” as defined in the Payment Systems and Netting Act 1998 (Cth). ... A) the same time as; or. (B) a time which is as close as is reasonably practicable to,.
https://www.rba.gov.au/payments-and-infrastructure/rits/user-doc/pdf/regulations.pdf
RITS regulations (superseded 20 November 2023)
21 Nov 2023
PDF
2516KB
Without limiting the above, it includes an “external administration” as defined in the Payment Systems and Netting Act 1998 (Cth). ... A) the same time as; or. (B) a time which is as close as is reasonably practicable to,.
https://www.rba.gov.au/payments-and-infrastructure/rits/user-doc/pdf/rits_regulations_superseded_20November2023.pdf
Assessment of the Reserve Bank Information and Transfer System - June 2022
12 Sep 2023
PDF
870KB
The revised metrics have been developed and are in the process of being rolled out. ... financial system and substantial disruption to economic activity. Over the assessment period the Bank continued its close monitoring for emerging vulnerabilities and
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2022/pdf/2022-assessment-rits.pdf
2021 Assessment of the Reserve Bank Information and Transfer System
11 Sep 2023
PDF
1366KB
documentation. Over the coming period, the Bank expects to close out the TSIP, including initiatives of relevance for the. ... from the DE system are unknown before the close of the interbank cash market.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2021/pdf/2021-assessment-rits.pdf
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