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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 Exchange Settlement Account

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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Oversight of High-value Payment Systems

8 Sep 2011 PSB Annual Report – 2011
RITS is a real-time gross settlement (RTGS) system in which most transactions are settled, one by one, in real-time across Exchange Settlement (ES) accounts held at the Reserve Bank. ... CLS settlement members fund their short positions arising from
https://www.rba.gov.au/publications/annual-reports/psb/2011/oversight-high-value.html

Other Regulatory Responsibilities

2 Oct 2009 PSB Annual Report – 2009
ES accounts were also granted to three foreign banks applying to become ADIs and one third-party payment provider – the Australian Clearing House – which intends to use its ES account for ... These oversight arrangements were finalised in late 2008,
https://www.rba.gov.au/publications/annual-reports/psb/2009/reg-response.html

Other Regulatory Responsibilities

11 Sep 2008 PSB Annual Report – 2008
Payments System Board Annual Report – 2008 Other Regulatory Responsibilities. The Payments System Board has ongoing responsibility for the Bank's policy on access to Exchange Settlement (ES) accounts. ... These accounts provide a means for ultimate
https://www.rba.gov.au/publications/annual-reports/psb/2008/reg-response.html

Ongoing Regulatory Responsibilities

13 Sep 2007 PSB Annual Report – 2007
It has also granted one approval under the Payment Systems and Netting Act, and the Bank has granted three Exchange Settlement (ES) Accounts. ... The report on the survey ‘Progress in reducing foreign exchange settlement risk’ was released by the
https://www.rba.gov.au/publications/annual-reports/psb/2007/reg-response.html

Notes to and Forming Part of the Financial Statements

19 Oct 2023 RBA Annual Report – October 2023
negative net interest income as increases in the domestic cash rate during 2022/23 resulted in the floating interest rate paid on most of the Banks liabilities, namely Exchange Settlement balances, ... 41. 2. 3.6. 605,003. 10,672. 1.8. Interest expense.
https://www.rba.gov.au/publications/annual-reports/rba/2023/financial-statements/notes.html

Oversight of High-value Payments Systems

10 Sep 2012 PSB Annual Report – 2012
RITS is a real-time gross settlement (RTGS) system that settles transactions on an individual basis, sequentially, in real time across Exchange Settlement Accounts (ESAs) held at the Bank. ... Available at <For more information, see RBA (2012),
https://www.rba.gov.au/publications/annual-reports/psb/2012/oversight-high-value.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

Other Regulatory Responsibilities

25 Oct 2010 PSB Annual Report – 2010
exchange settlement risk. ... These accounts provide a means for ultimate settlement of interbank obliga-tions via the exchange of a settlement asset that carries no credit risk – a deposit held with the Reserve Bank.
https://www.rba.gov.au/publications/annual-reports/psb/2010/reg-response.html

The Board's First Year

1 Oct 1999 PSB Annual Report – 1999
The Board has liberalised access to Exchange Settlement (ES) accounts and has taken advantage of the new regulatory framework to strengthen the foundations of the RTGS system. ... Payments to and from the CLS Bank will be made through settlement accounts
https://www.rba.gov.au/publications/annual-reports/psb/1999/first-year.html

Oversight of High-value Payment Systems

2 Oct 2013 PSB Annual Report – 2013
RITS is primarily a real-time gross settlement (RTGS) system, which settles transactions on an individual basis in real time across Exchange Settlement Accounts (ESAs) held at the Bank. ... For more information, see RBA (2012), ‘Payments System Issues:
https://www.rba.gov.au/publications/annual-reports/psb/2013/oversight-high-value.html