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RBA Glossary definition for ES

ES – Exchange Settlement (account, balances or funds)

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Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2019 | Payments System | Submissions

28 Dec 2019 Submissions
Reserve Bank of Australia. 23 December 2019. Endnotes. See <Country codes are: AU=Australia, BE=Belgium, BR=Brazil, CA=Canada, CH=Switzerland, DE=Germany, ES=Spain, FR=France, GB=United Kingdom,
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/index.html

The Reserve Bank's Response | Report to the Inquiry into Competition in the Banking and Non-Banking Sectors – May 2009 | Financial Sector | …

7 May 2009 Submissions
On a day to day basis, the cash rate is affected by the demand for and supply of exchange settlement (ES) funds. ... Thus one can think of the term deposits as an ES account with a longer maturity.
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-report-2009-05/reserve-bank-response.html

Conclusion | Report to the Inquiry into Competition in the Banking and Non-Banking Sectors – May 2009 | Financial Sector | Submissions

7 May 2009 Submissions
extension in the maturities of repos means that it becomes more difficult for the Bank to cope with fluctuations in the demand for ES balances.
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-report-2009-05/conclusion.html

Feasibility of Further Expansion | Report to the Inquiry into Competition in the Banking and Non-Banking Sectors – May 2009 | Financial…

7 May 2009 Submissions
If longer terms of up to 10 years were offered, increasingly shorter terms would need to be dealt to ‘churn’ the limited funds remaining for short term ES liquidity management.
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-report-2009-05/feasibility-of-further-expansion.html