Search: ESA
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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The Australian Financial System
10 Mar 2014
FSR
– March 2014
To the extent that ESA holders retain matching funds in their ESA against their open repo position, those ESA balances are compensated at the Reserve Bank's cash rate target. ... Any surplus ESA funds earn a rate 25 basis points below the cash rate target
https://www.rba.gov.au/publications/fsr/2014/mar/aus-fin-sys.html
The Australian Financial System
10 Sep 2013
FSR
– September 2013
To ensure they have sufficient liquidity to settle their payment obligations, RITS participants are able to supplement the funds held overnight in their exchange settlement accounts (ESAs) at the Reserve Bank ... known, the Reserve Bank has announced an
https://www.rba.gov.au/publications/fsr/2013/sep/aus-fin-sys.html
Developments in the Financial System Architecture
10 Sep 2012
FSR
– September 2012
In July 2012, as part of the CFR's work on FMI regulation, the Bank amended its Exchange Settlement Account (ESA) policy. ... system. Both of the ASX CCPs currently settle Australian dollar obligations arising from their activities via RITS across an ESA
https://www.rba.gov.au/publications/fsr/2012/sep/dev-fin-sys-arch.html
The Australian Financial System
10 Mar 2011
FSR
– March 2011
RTGS transactions settle across Exchange Settlement Accounts (ESAs) held at the RBA; the availability of sufficient liquidity is critical in ensuring efficient settlement of payments between ESA holders. ... One way to measure this is to observe the peak
https://www.rba.gov.au/publications/fsr/2011/mar/aus-fin-sys.html
The Australian Financial System
10 Sep 2014
FSR
– September 2014
To facilitate the same-day settlement of direct entry obligations, the Reserve Bank introduced new liquidity arrangements in RITS, whereby the Reserve Bank makes Exchange Settlement Account (ESA) funds available to
https://www.rba.gov.au/publications/fsr/2014/sep/aus-fin-sys.html