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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RESERVE BANK OF AUSTRALIA FOREIGN EXCHANGE SETTLEMENTPRACTICES IN AUSTRALIA ...
18 Dec 1997
Media Release
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268KB
3.2 Settlement methods. For most currencies, foreign exchange payments and receipts were made principallythrough the use of a nostro account held with another (correspondent) bank. ... Settlements in these currencies are not generally ofa significant
https://www.rba.gov.au/media-releases/1997/pdf/fxsp.pdf
A Proposal for Implementing Real Time Gross Settlement in Australia (Media Release 1995-05 attachment 2)
13 Aug 2004
Media Release
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178KB
The proposed system builds on the existing electronic systems for managing exchange settlement accounts (RITS), and is intended to be introduced in stages which would adapt the existing system to the ... 4. balances in banks’ exchange settlement
https://www.rba.gov.au/media-releases/1995/pdf/mr-95-05-attach-2.pdf
Liquidity Management - Prudential Statement D1
24 Jun 2002
Media Release
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95KB
These policies and systems are to be observed at all times and reviewed to take account of changing circumstances. ... 21. The introduction of Real-Time Gross Settlement (RTGS) arrangements will increase demands on banks' liquidity management,
https://www.rba.gov.au/media-releases/1998/pdf/prud-stmt-d1.pdf
The Case for Real Time Gross Settlement (Media Release 1995-05 attachment 1)
9 Aug 2004
Media Release
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106KB
In a RTGS system, a bank can make each payment only if it has adequate balances in its settlement account at the central bank. ... 4. Bank and Austraclear) would strengthen this position further. RITS already provides a facility for real-time funds
https://www.rba.gov.au/media-releases/1995/pdf/mr-95-05-attach-1.pdf
Reserve Bank of Australia Domestic Market Dealing Arrangements: Information Paper - 9 May 1996
11 Aug 2004
Media Release
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81KB
3. Settlement. All transactions by the Bank will be for same-day settlement through RITS. ... Transactions with banks and special service providers will be settled directly through their Exchange Settlement Accounts.
https://www.rba.gov.au/media-releases/1996/pdf/mr-96-06-info-paper.pdf
Letter of Expectations
14 Dec 2022
Media Release
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177KB
Sydney NSW 2001. Philip LoweGOVERNOR. 15 December 2022. The DirectorsASX Limited, ASX Clear Pty Limitedand ASX Settlement Pty Limited20 Bridge StreetSYDNEY NSW 2OOO. ... 2. Settlement with respect to both the governance of the current CHESS and the
https://www.rba.gov.au/media-releases/2022/pdf/mr-22-43-letter-of-expectations-15-december-2022.pdf
Access Regime for the designated ATM payment system
24 Feb 2009
Media Release
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390KB
Payment Systems (Regulation) Act 1998
https://www.rba.gov.au/media-releases/2009/pdf/mr-09-03-gn-atm-access-regime.pdf
Memorandum of Understanding between the Reserve Bank of Australia and The Australian Prudential Regulation Authority
8 Mar 2002
Media Release
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97KB
Sharing of Information 5. Full and timely exchange of information is a crucial element in co-ordination between the. ... and its pivotal role in the payments settlement system. APRA gathers a wide range of prudential data on the institutions which it
https://www.rba.gov.au/media-releases/1998/pdf/jmr-98-rba-apra-mou.pdf
Representative Offices of Foreign Banks
1 Jul 2002
Media Release
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96KB
ii. a copy of its most recent annual report (including audited accounts) and any subsequent public financial statements (in English);. ... promptly to the Reserve Bank each year a copy of its published financial accounts (in English);.
https://www.rba.gov.au/media-releases/1997/pdf/prud-stmt-j3.pdf
Independent Governance Review
11 Feb 2013
Media Release
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740KB
Report for the Reserve Bank of Australia Special Committee
https://www.rba.gov.au/media-releases/2013/pdf/mr-13-01-igr-securency-npa.pdf