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RITS regulations (superseded 20 November 2023)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
Payments System Board Annual Report 2022
27 Sep 2022
PSB Annual Report
- 2022
PDF
2830KB
https://www.rba.gov.au/publications/annual-reports/psb/2022/pdf/psb-annual-report-2022.pdf
Assessment of ASX Clearing and Settlement Facilities
27 Sep 2022
PDF
1829KB
2022 Legal basis. ASX Settlement should apply for approvals as an approved RTGS system and as a multilateral netting arrangement under the Payment Systems and Netting Act 1998 (PSNA), or in ... the case of the multilateral netting approval provide the
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2021-2022/pdf/report-2021-2022.pdf
Assessment of ASX Clearing and Settlement Facilities - September 2021
23 Sep 2021
PDF
1528KB
completed work to justify assumptions used in its CCP stress tests regarding the time it would take to close out different types of defaulted participant portfolios. • ... ASX expects that industry testing will begin later this year. Netting and
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2020-2021/pdf/report-2020-2021.pdf
Assessment of LCH Limited’s SwapClear Service
29 Nov 2020
PDF
1663KB
portfolio during the expected close-out period should that participant default. LCH Ltd collects. ... a five-day close-out period for participants’ positions with 99.7 per cent confidence, based on volatility-.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/lch/2020/pdf/lch-assess-2020-12.pdf
Assessment of ASX Clearing and Settlement Facilities - October 2020
11 Nov 2020
PDF
1832KB
could not be processed until Sunday 15 March and were excluded from normal netting processes. ... close out those positions.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2019-2020/pdf/report-2019-2020.pdf