Search: Exchange Settlement Account
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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Developments in the Financial System Infrastructure
10 Mar 2004
FSR
– March 2004
Financial Services Reform Act 2001. ) to which the licensees of clearing and settlement facilities must adhere. ... The standards apply to the central counterparties and securities settlement systems operated by the Australian Stock Exchange and the
https://www.rba.gov.au/publications/fsr/2004/mar/dev-sys-infra.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 ... In addition to providing benefits to
https://www.rba.gov.au/publications/fsr/2013/sep/aus-fin-sys.html
The Australian Financial System
10 Sep 2011
FSR
– September 2011
Transactions in RITS settle across Exchange Settlement (ES) accounts held at the Reserve Bank, with final and irrevocable settlement achieved by the simultaneous crediting and debiting of the ES accounts of ... Continuous Linked Settlement (CLS) Bank
https://www.rba.gov.au/publications/fsr/2011/sep/aus-fin-sys.html
The Australian and Global Financial Systems
9 Apr 2020
FSR
– April 2020
The resulting falls in the market value of European government bonds threaten to further undermine the health of European banks, as government debt accounts for a sizeable share of their assets ... The lift in the rate of remuneration of exchange
https://www.rba.gov.au/publications/fsr/2020/apr/the-australian-and-global-financial-systems.html
Regulatory Developments
4 Oct 2019
FSR
– October 2019
to support more timely settlement of trades, it creates potential liquidity risks for these SSFs. ... To mitigate these risks if they were ever to arise in Australia, the Bank has recently introduced requirements that make holding an Exchange Settlement
https://www.rba.gov.au/publications/fsr/2019/oct/regulatory-developments.html
Developments in the Financial System Architecture
10 Mar 2013
FSR
– March 2013
Corporations Act 2001. In developing this licensing regime, ASIC has taken into account elements of the Committee on Payment and Settlement Systems (CPSS)-IOSCO Principles for Financial Market Infrastructures that are ... ASIC released new competition
https://www.rba.gov.au/publications/fsr/2013/mar/dev-fin-sys-arch.html
The Australian Financial System
10 Sep 2012
FSR
– September 2012
Deposits now account for 53 per cent of banks' funding, up from about 40 per cent in 2008 (Graph 2.4). ... To increase the efficiency of the settlement of these transactions, the Bank recently implemented a new system, the Low Value Settlement Service
https://www.rba.gov.au/publications/fsr/2012/sep/aus-fin-sys.html
The Australian Financial System
4 Oct 2019
FSR
– October 2019
Recently passed legislation limits the fees that trustees can charge on low-account balances. ... RBA (2019), ‘Assessment of the ASX Clearing and Settlement Facilities’, Assessment Report, September.
https://www.rba.gov.au/publications/fsr/2019/oct/australian-financial-system.html
Developments in the Financial System Architecture
10 Mar 2014
FSR
– March 2014
definitions of capital and risk-weighted assets (RWAs) are fully taken into account and ignoring any phase-in arrangements. ... a new sub-group on foreign exchange (FX) benchmarks, co-chaired by a senior Reserve Bank executive.
https://www.rba.gov.au/publications/fsr/2014/mar/dev-fin-sys-arch.html
The Australian Financial System
10 Mar 2012
FSR
– March 2012
This reduces the credit exposure that arises when payments are posted to customer accounts ahead of interbank settlement. ... ADIs that provide retail payments services and operate Exchange Settlement accounts with the Reserve Bank will be required to
https://www.rba.gov.au/publications/fsr/2012/mar/aus-fin-sys.html