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RBA Glossary definition for ESA

ESA – Exchange Settlement Account. An account held at the Reserve Bank of Australia by financial institutions to settle financial obligations arising from the clearing of payments.

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Operations in Financial Markets

9 Aug 2023 RBA Annual Report - 2022 PDF 764KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/operations-in-financial-markets.pdf

Bulletin March Quarter 2023

8 Jun 2023 Bulletin - March 2023 PDF 7038KB
https://www.rba.gov.au/publications/bulletin/2023/mar/pdf/bulletin-2023-03.pdf

Why Is Wage Growth so Low When the Rate of Unemployment is 3.5%?

5 Jun 2023 PDF 587KB
ABS and RBA Joint Conference 2023
https://www.rba.gov.au/publications/other-confs/abs-and-rba-joint-conferences/2023/pdf/abs-rba-conference-2023-borland.pdf

Supplementary Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2020 | Responses and…

25 May 2023 Submissions
settlement accounts (ESAs) at the Reserve Bank.
https://www.rba.gov.au/publications/submissions/payments-system/supplementary-submission-technology-12-2020/index.html

Submission to Payments System Review – January 2021 | Responses and Options Paper

25 May 2023 Submissions
Submissions – Payments System Submission to Payments System Review. Submission to the Review of the Australian Payments System. January 2021. Download the complete Submission 1.12. MB. The Bank considers that the existing regulatory arrangements
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html

Standard 9: Money settlements | A1.2 ASX Clear (Futures) | 2015/16 Assessment of ASX Clearing and Settlement Facilities

18 May 2023
Interbank payments arising from these instructions settle across ESAs at the Bank, via RITS. ... ASX Clear (Futures) uses ASXCC's ESA to settle its obligations in RITS.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/asx-clear-futures/standard-09.html

Standard 7: Liquidity risk | A1.2 ASX Clear (Futures) | 2015/16 Assessment of ASX Clearing and Settlement Facilities

18 May 2023
ASXCC holds an ESA. Accordingly, ASX Clear (Futures) may, via ASXCC, access AUD liquidity under the Bank's overnight and intraday liquidity facilities (against eligible collateral specified by the Bank). ... ASX Clear (Futures) uses ASXCC's ESA to settle
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/asx-clear-futures/standard-07.html

Standard 7: Liquidity risk | Appendix A1.1 ASX Clear | 2015/16 Assessment of ASX Clearing and Settlement Facilities

18 May 2023
To enhance its management of liquidity risk, ASX Clear has access, via ASXCC's ESA, to AUD liquidity from the Reserve Bank against eligible collateral (CCP Standard 7.7). ... ASX Clear uses ASXCC's ESA to settle its AUD margin and cash settlement
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/asx-clear/standard-07.html

Standard 8: Settlement finality | A1.2 ASX Clear (Futures) | 2015/16 Assessment of ASX Clearing and Settlement Facilities

18 May 2023
AUD cash settlements occur via Austraclear, with interbank obligations settled on an RTGS basis across ESAs at the Bank, via RITS. ... Any interbank transactions arising from these payments are settled in real time across ESAs held with the Bank.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/asx-clear-futures/standard-08.html

Special Topic – Default Management | 2015/16 Assessment of ASX Clearing and Settlement Facilities

18 May 2023
Austraclear participants that are not eligible to hold an Exchange Settlement Account (ESA) at the Bank may nominate a Participating Bank to act as an agent for money settlements on their
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/special-topic-default-management.html