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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RESERVE BANK OF AUSTRALIA FOREIGN EXCHANGE SETTLEMENTPRACTICES IN AUSTRALIA ...
18 Dec 1997
Media Release
PDF
268KB
5.3.1 Counterparty exposure limits.355.3.2 Netting arrangements.355.3.3 Other risk management techniques.36. 5.4 INTERNATIONAL INITIATIVES. ... some form of netting for foreign exchange settlements, despite thecurrent legal uncertainty surrounding this
https://www.rba.gov.au/media-releases/1997/pdf/fxsp.pdf
Approval No 1 of 2004
18 Aug 2004
Media Release
PDF
41KB
https://www.rba.gov.au/media-releases/2004/pdf/mr-04-07-approval-1.pdf
Approval No 1 of 2007
1 May 2007
Media Release
PDF
28KB
Approval under the Payment Systems and Netting Act 1998
https://www.rba.gov.au/media-releases/2007/pdf/mr-07-06-approval-1.pdf
The Case for Real Time Gross Settlement (Media Release 1995-05 attachment 1)
9 Aug 2004
Media Release
PDF
106KB
on the robustness of netting law. ... Once this system is fully operational, further work will be carried out on a RTGS system.
https://www.rba.gov.au/media-releases/1995/pdf/mr-95-05-attach-1.pdf
Independent Governance Review
11 Feb 2013
Media Release
PDF
740KB
Report for the Reserve Bank of Australia Special Committee
https://www.rba.gov.au/media-releases/2013/pdf/mr-13-01-igr-securency-npa.pdf