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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Box B: Central Clearing of Over-the-counter Credit Derivatives
25 Mar 2009
FSR
- March 2009
PDF
99KB
https://www.rba.gov.au/publications/fsr/2009/mar/pdf/box-b.pdf
Central Clearing of Repos in Australia: A Consultation Paper
25 May 2015
Consultations
PDF
389KB
The GMRA provides for close-out netting in the event one of the counterparties defaults. ... Close-out netting allows an institution to terminate and settle the net value of all contracts with a particular counterparty immediately upon the occurrence of
https://www.rba.gov.au/publications/consultations/201503-central-clearing-of-repos-in-australia/pdf/201503-central-clearing-of-repos-in-australia.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
Financial Stability Review - March 2009
17 Apr 2009
FSR
- March 2009
PDF
1621KB
https://www.rba.gov.au/publications/fsr/2009/mar/pdf/0309.pdf
Financial Stability Review – September 2008
13 Oct 2008
FSR
– September 2008
PDF
692KB
https://www.rba.gov.au/publications/fsr/2008/sep/pdf/0908.pdf
The Australian High-Value Payments System
19 Apr 2004
FSR
PDF
98KB
7amSource: RBA. Financial Stability Review March 2004. 44. Box 1: The Payment Systems and Netting Act. ... legal uncertainties including the fi nality of RTGS payments and the certainty of multilateral netting arrangements.
https://www.rba.gov.au/publications/fsr/2004/mar/pdf/0304-1.pdf
Box D: Core Principles for Systemically Important Payment Systems
23 Sep 2005
FSR
- September 2005
PDF
31KB
https://www.rba.gov.au/publications/fsr/2005/sep/pdf/box-d.pdf
Central Clearing of Repos in Australia: Conclusions
28 Oct 2015
Consultations
PDF
306KB
To maximise such netting benefits as were available, any repo CCP would ideally also clear outright purchases and sales. ... to support the commercial viability of any repo CCP and to maximise both netting opportunities and operational efficiencies.
https://www.rba.gov.au/publications/consultations/201503-central-clearing-of-repos-in-australia/conclusions/pdf/central-clearing-of-repos-in-australia-conclusions-2015-10.pdf
Financial Stability Review
1 Apr 2004
FSR
PDF
611KB
These issues, together with those closer to home arising from the changed fi nancial behaviour of households described above, will bear close watching over the period ahead. ... bonds and an interpolated swap rate equivalent to their weighted-average
https://www.rba.gov.au/publications/fsr/2004/mar/pdf/0304.pdf
Financial Stability Review - September 2005
26 Sep 2005
FSR
- September 2005
PDF
494KB
https://www.rba.gov.au/publications/fsr/2005/sep/pdf/0905.pdf