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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Submission to the Inquiry into the Corporations and Financial Sector Legislation Amendment Bill 2013 | Financial Sector | Submissions
1 Apr 2013
Submissions
This course of action will often be preferable, on both client protection and systemic risk grounds, to the alternative of close out of such positions. ... The proposed amendments to the. Payment Systems and Netting Act 1998.
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-corporations-and-financial-sector-legislation-amendment-bill-2013.html
The Australian Securities and Investments Commission's Review of the EFT Code of Conduct – April 2006 | Responses and Options Paper
14 Jun 2023
Submissions
In addition to reducing the costs of duplication, consolidation of central counterparty and securities settlement activities would permit netting of obligations that would not be possible for participants operating in the ... This additional netting
https://www.rba.gov.au/publications/submissions/payments-system/proposed-asx-sfe-merger/index.html
Reforms to the Payment Systems (Regulation) Act 1998 Submission to Senate Economics Legislation Committee – February 2024 | Payments System …
23 Feb 2024
Submissions
The payments system mandate, powers and responsibilities of the RBA and the PSB are mainly set out in the Payment Systems (Regulation) Act 1998 (PSRA). ... Reserve Bank Act 1959. ;. Payment Systems and Netting Act 1998. ;
https://www.rba.gov.au/publications/submissions/payments-system/reforms-to-the-psra/index.html
Abbreviations | Submission to the Financial System Inquiry – March 2014 | Financial Sector | Submissions
1 Mar 2014
Submissions
PPP. Public-private partnership. PSB. Payments System Board. PSNA. Payment Systems and Netting Act. ... The materials on this webpage are subject to copyright and their use is subject to the terms and conditions set out in the Copyright and Disclaimer
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/abbreviations.html
Submission on Data Sharing and Release Legislation – August 2018 | Data Sharing | Submissions
1 Aug 2018
Submissions
Payment Systems and Netting Act 1998. or the repealed. Banks (Shareholdings) Act 1972. ... The materials on this webpage are subject to copyright and their use is subject to the terms and conditions set out in the Copyright and Disclaimer Notice.
https://www.rba.gov.au/publications/submissions/other/data-sharing-and-release-legislation/
Commonwealth of Australia: In the Australian Competition Tribunal – April 2004 | Payments System | Submissions
13 Jun 2023
Submissions
The Payments System Board's mandate is set out in Section 10B of the Reserve Bank Act 1959. ... Where the RBA considers it in the public interest to intervene, the Bill empowers it to designate a payment system and develop access regimes and standards in
https://www.rba.gov.au/publications/submissions/payments-system/au-competition-tribunal/index.html
Payments System Issues | Submission to the Financial System Inquiry – 6 September 1996 | Financial Sector | Submissions
6 Sep 1996
Submissions
This will replace the existing practice of clearing high-value payments and netting interbank obligations, under which final settlement does not take place until the morning of the following business day. ... the risk that one party to a transaction will
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-1996/payments-system-issues.html
Developments and Innovation in the Payments System | Submission to the Financial System Inquiry – March 2014 | Financial Sector |…
1 Mar 2014
Submissions
the PSRA), the. Payment Systems and Netting Act 1998. (the PSNA), and Part 7.3 of the Corporations Act. ... It grants the Bank the power to approve RTGS systems and multilateral netting arrangements in order to provide a level of legal protection and
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/developments-and-innovation.html
Submission to Payments System Review – January 2021 | Responses and Options Paper
25 May 2023
Submissions
Payment Systems and Netting Act 1998 (Cth) (PSNA). Part 7.3 of the Corporations Act 2001 (Cth). ... More generally, the Bank has long-established and collegiate working relationships with all of the regulatory agencies, and there is frequent dialogue and
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html
Innovation and Technological Change in Financial Intermediation and the Payments System | Supplementary Submission to the Financial System…
13 Jan 1997
Submissions
Foreign exchange traders are making increasing use of netting schemes operated by specialised clearing houses in Europe and North America (such as FXNet, ECHO and Multinet) to reduce their settlement exposures. ... These clearing houses have extensive
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-supplement-1997/innovation-and-technological-change-in-financial-intermediation.html