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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Financial Conditions
7 May 2024
SMP
– May 2024
Financial Conditions | Statement on Monetary Policy – May 2024
https://www.rba.gov.au/publications/smp/2024/may/financial-conditions.html
Domestic Financial Conditions
6 May 2021
SMP
– May 2021
On the liabilities side, exchange settlement (ES) balances have risen significantly as a result of the Bank's policies (Graph 3.12; discussed below). ... This is the corollary of Australia's current account surplus (see ‘Domestic Economic
https://www.rba.gov.au/publications/smp/2021/may/domestic-financial-conditions.html
Domestic Financial Conditions
5 Aug 2022
SMP
– August 2022
The Board has increased the cash rate target and the interest rate on Exchange Settlement (ES) balances by 175 basis points since early May, to 1.85 per cent and ... The Australian dollar is also slightly higher against the Chinese renminbi – which
https://www.rba.gov.au/publications/smp/2022/aug/domestic-financial-conditions.html
Domestic Financial Conditions
5 Nov 2020
SMP
– November 2020
Australian Government bond yield target and the interest rate on new drawings under the TFF to 0.1 per cent; a reduction in the interest rate paid on Exchange Settlement balances ... Graph 4.8. The level of liquidity in the banking system – as
https://www.rba.gov.au/publications/smp/2020/nov/domestic-financial-conditions.html
Domestic Financial Conditions
7 Aug 2020
SMP
– August 2020
Graph 4.6. Graph 4.7. Graph 4.8. Liquidity in the banking system – as measured by banks' exchange settlement (ES) balances held at the Reserve Bank – remains elevated. ... Over much of this period, most of the additional payments were into offset
https://www.rba.gov.au/publications/smp/2020/aug/domestic-financial-conditions.html
Domestic Financial Conditions
8 May 2020
SMP
– May 2020
exchange settlement (ES) balances at the Reserve Bank to be remunerated at 10 basis points, rather than zero, to mitigate the cost to the banking system associated with the large increase ... The increase in assets has been accompanied on the
https://www.rba.gov.au/publications/smp/2020/may/domestic-financial-conditions.html
Introduction
10 May 2008
SMP
– May 2008
Reflecting the recent improvement in market conditions, the Bank has been able to wind back the amount of funds provided in its domestic operations, with exchange settlement balances declining to less ... In Australia, national accounts data confirmed
https://www.rba.gov.au/publications/smp/2008/may/intro.html
Domestic Financial Markets
10 Feb 2011
SMP
– February 2011
To maintain the cash rate at the Board's target, the Bank has kept exchange settlement (ES) balances around $1 billion, although higher balances were temporarily accommodated over year-end. ... Banks have continued to compete for deposits in recent months
https://www.rba.gov.au/publications/smp/2011/feb/dom-fin-mkts.html
Foreign Trade and Capital Flows
10 May 2006
SMP
– May 2006
However, based on forecasts of price settlements, the new contract prices should be broadly neutral in aggregate for the ICP. ... The total current account deficit remains around 6 per cent of GDP (Graph 43).
https://www.rba.gov.au/publications/smp/2006/may/foreign-trade.html
Box D: Recent Growth in the Money Supply and Deposits
7 Aug 2020
SMP
– August 2020
or in another account when the borrower uses those funds to make a purchase. ... These bonds were purchased by the Reserve Bank from a panel of commercial banks via auction, and were paid for with newly created money credited into banks' Exchange
https://www.rba.gov.au/publications/smp/2020/aug/box-d-recent-growth-in-the-money-supply-and-deposits.html