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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The Efficiency of Central Clearing: A Segmented Markets Approach
24 Oct 2016
RDP
PDF
2054KB
Both. have occurred in recent practice: SwapClear was able to close out the Lehman Brothers portfolio in 2008 without. ... understanding how close different market structures come to the constrained optimum of the.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-07.pdf
Liquidity and Funding Markets
6 Jan 2014
Conferences
PDF
4842KB
RBA Conference Volume 2013
https://www.rba.gov.au/publications/confs/2013/pdf/conf-vol-2013.pdf
Performance of Australia's Payments Infrastructure during the Market Turbulence
2 Oct 2009
PSB Annual Report
– 2009
Initial margins are collected by the central counterparties to cover any losses arising in the close out of derivatives positions should a default occur. ... and a requirement to close out positions remaining unsettled on the fifth day after trade date.
https://www.rba.gov.au/publications/annual-reports/psb/2009/performance.html
Recovery and Resolution of Central Counterparties
19 Dec 2013
Bulletin
– December 2013
The increasing importance of central counterparties (CCPs) to financial stability has prompted regulators to take steps to ensure that critical CCP services can continue in circumstances of financial distress. These steps include ensuring that CCPs
https://www.rba.gov.au/publications/bulletin/2013/dec/5.html
Financial Stability Standard for Central Counterparties
9 Mar 2023
This process is a form of novation (see definition below);. "close out" is the process of offsetting an existing contract by entering into a new contract of an equal and opposite ... have the ability to close out, or otherwise deal with a participant's
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/standards/central-counterparties/2009/ctrl-counterparties-std.html
The Supervisory Treatment of Banks’ Market Risk
30 Nov 2009
RDP
PDF
76KB
That simple netting approach is onlyappropriate if actual yield curve movements follow the yield curve movementassumed in the risk-weighting process. ... is that in many instances, traders do not close outunfavourable positions if they believe that the
https://www.rba.gov.au/publications/rdp/1994/pdf/rdp9408.pdf
Appendix B: Detailed Assessment of the Reserve Bank Information and Transfer System | 2019 Assessment of the Reserve Bank Information and…
9 Mar 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/2019/appendix-b.html
Key Features of Repo CCPs | Central Clearing of Repos in Australia: A Consultation Paper | Consultations
6 Mar 2015
Consultations
CCP could realistically close out or hedge its exposure to a defaulted participant. ... Since multilateral netting may have decreased the overall exposure to the defaulted participant, and the CCP can coordinate the close out of exposures to the
https://www.rba.gov.au/publications/consultations/201503-central-clearing-of-repos-in-australia/key-features-repo-ccp.html
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
Central Clearing of Over-the-counter (OTC) Derivatives in Australia - June 2011
15 Jul 2011
Consultations
PDF
875KB
A discussion paper issued by the Council of Financial Regulators
https://www.rba.gov.au/publications/consultations/201106-otc-derivatives/pdf/201106-otc-derivatives.pdf