Search: ES
RBA Glossary definition for ES
ES – Exchange Settlement (account, balances or funds)
Search Results
Domestic Financial Markets
10 May 2010
SMP
– May 2010
Through its market operations, the Bank has kept exchange settlement (ES) balances around $1 billion, although it accommodated somewhat higher ES balances over the quarter-end.
https://www.rba.gov.au/publications/smp/2010/may/dom-fin-mkts.html
Domestic Financial Conditions
7 May 2020
SMP
- May 2020
PDF
855KB
https://www.rba.gov.au/publications/smp/2020/may/pdf/04-domestic-financial-conditions.pdf
Domestic Financial Conditions
6 May 2021
SMP
– May 2021
On the liabilities side, exchange settlement (ES) balances have risen significantly as a result of the Bank's policies (Graph 3.12; discussed below). ... continues. Graph 3.11. Graph 3.12. Liquidity in the banking system – as measured by ES balances
https://www.rba.gov.au/publications/smp/2021/may/domestic-financial-conditions.html
Domestic Financial Markets
10 Nov 2008
SMP
– November 2008
The reduction in ES balances has in part been achieved by the Bank commencing in late September to offer term deposits to its counterparties. ... ES balances too far which might impede the efficient operation of the cash market.
https://www.rba.gov.au/publications/smp/2008/nov/dom-fin-mkts.html
Domestic Financial Markets
10 Feb 2009
SMP
– February 2009
Balances remained high through the end of year, but as year-end pressures abated, ES balances have settled back to around $3 billion. ... Notwithstanding the large movements in ES balances, the cash rate has remained at the target.
https://www.rba.gov.au/publications/smp/2009/feb/dom-fin-mkts.html
Domestic Financial Markets
10 Feb 2010
SMP
– February 2010
Partly reflecting year-end pressures and higher demand for borrowing cash on a secured basis, the Bank allowed Exchange Settlement (ES) balances to rise temporarily in late December and early January. ... Aggregate ES balances have since fallen and are
https://www.rba.gov.au/publications/smp/2010/feb/dom-fin-mkts.html
Domestic Financial Conditions
4 Nov 2021
SMP
- November 2021
PDF
2535KB
https://www.rba.gov.au/publications/smp/2021/nov/pdf/03-domestic-financial-conditions.pdf
Domestic Financial Conditions
5 Aug 2022
SMP
– August 2022
The Board has increased the cash rate target and the interest rate on Exchange Settlement (ES) balances by 175 basis points since early May, to 1.85 per cent and ... The composition of liabilities changed as government deposits declined and ES
https://www.rba.gov.au/publications/smp/2022/aug/domestic-financial-conditions.html
Statement on Monetary Policy
5 May 2023
SMP
- May 2023
PDF
9302KB
https://www.rba.gov.au/publications/smp/2023/may/pdf/statement-on-monetary-policy-2023-05.pdf
Domestic Financial Markets
10 Aug 2008
SMP
– August 2008
In its market operations recently, the Bank has generally maintained aggregate exchange settlement (ES) balances at around $1–2 billion. ... Anticipating that there may be funding pressures surrounding June quarter-end, the Bank increased ES balances
https://www.rba.gov.au/publications/smp/2008/aug/dom-fin-mkts.html