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RBA Glossary definition for settlement

settlement – The discharge of obligations arising from fund transfers between two or more parties.

RBA Glossary definition for Deferred Net Settlement System

Deferred Net Settlement System – A settlement system in which each participant settles (typically by means of a single payment or receipt) its net position, which results from the payments made and received by it, at some defined time after payments have been made.

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The Role of Exchange Settlement Accounts

10 Mar 1999 Bulletin – March 1999
The systemic risks inherent in deferred net settlement systems are the principal reason why Australia has introduced real-time gross settlement (RTGS) for large-value payments. ... Where these organisations operate in deferred net settlement systems (but
https://www.rba.gov.au/publications/bulletin/1999/mar/2.html

Reforming the Australian Payments System: The State of Play

10 Apr 1993 Bulletin – April 1993
A net settlement system, among other things, can contain liquidity needs to a manageable dimension. ... What is clear, in such a deferred settlement system, is that the multilateral netting arrangements on which it is based must be absolutely assured.
https://www.rba.gov.au/publications/bulletin/1993/apr/5.html

Foreign Exchange Settlement Practices in Australia

10 Feb 1998 Bulletin – February 1998
The most well-known study was of G10 markets by the Committee on Payment and Settlement Systems (CPSS) of the central banks of the G10 countries (often referred to as the ... The introduction of a real time gross settlement (RTGS) system in Australia, to
https://www.rba.gov.au/publications/bulletin/1998/feb/2.html

Glossary of Terms and Abbreviations

21 Mar 2002 PSB Annual Report – 2001
CPSS. Committee on Payment and Settlement Systems. Deferred net settlement system. ... a settlement system in which each settling participant settles (typically by means of a single payment or receipt) its net settlement position which results from the
https://www.rba.gov.au/publications/annual-reports/psb/2001/glossary.html

Banking and Payment Services

12 Apr 2020 RBA Annual Report – 2020
RITS also provides deferred net settlement services for low-value retail payment systems, equity settlements and settlement of property-related transactions. ... The remaining net deferred settlements, with a daily average value of around $5.1 billion in
https://www.rba.gov.au/publications/annual-reports/rba/2020/banking-and-payment-services.html

2.3 Banking and Payment Services

19 Oct 2023 RBA Annual Report – October 2023
Banking and Payment Services | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/banking-and-payment-services.html

2.2 Operations in Financial Markets

19 Oct 2023 RBA Annual Report – October 2023
Operations in Financial Markets | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/operations-in-financial-markets.html

The Impact of Payment System Design on Tiering Incentives

28 Jan 2015 RDP PDF 862KB
Bank of Finland’s 2009 Payment and Settlement System Simulation Seminar for their helpful comments. ... clearing and settlement systems are provided with unlimited credit in all system designs.
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-06.pdf

Operations in Financial Markets

27 Oct 2022 RBA Annual Report – October 2022
These facilities are designed to support the smooth functioning of the payments system. ... The final settlement of these rebalancing flows may be deferred for a short period of time through the use of foreign exchange swaps, whereby one currency is
https://www.rba.gov.au/publications/annual-reports/rba/2022/operations-in-financial-markets.html

Banking and Payment Services

27 Oct 2022 RBA Annual Report – October 2022
Australias interbank settlement system, the Reserve Bank Information and Transfer System (RITS), is owned and operated by the Reserve Bank. ... RITS also settles obligations submitted by external batch administrators on a net settlement basis.
https://www.rba.gov.au/publications/annual-reports/rba/2022/banking-and-payment-services.html