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.
Search Results
A Proposal for Implementing Real Time Gross Settlement in Australia (Media Release 1995-05 attachment 2)
13 Aug 2004
Media Release
PDF
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
Reserve Bank of Australia Domestic Market Dealing Arrangements: Information Paper - 9 May 1996
11 Aug 2004
Media Release
PDF
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
The Case for Real Time Gross Settlement (Media Release 1995-05 attachment 1)
9 Aug 2004
Media Release
PDF
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
Liquidity Management - Prudential Statement D1
24 Jun 2002
Media Release
PDF
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
RESERVE BANK OF AUSTRALIA FOREIGN EXCHANGE SETTLEMENTPRACTICES IN AUSTRALIA ...
18 Dec 1997
Media Release
PDF
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
Letter of Expectations
14 Dec 2022
Media Release
PDF
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
Final Incident Report RITS and FSS Incident – 12 October 2022
25 Nov 2022
Media Release
PDF
146KB
Most low value clearing exchanges do not use the LVCS and instead use the COIN to directly exchange files. ... RITS members were unable to exchange clearing files through the LVCS for the last two direct entry exchanges of the day (around 20:45 and 22:30)
https://www.rba.gov.au/media-releases/2022/pdf/mr-22-40-final-incident-report-rits-and-fss-incident-12-october-2022.pdf
Independent Governance Review
11 Feb 2013
Media Release
PDF
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
Access Regime for the designated ATM payment system
24 Feb 2009
Media Release
PDF
390KB
Payment Systems (Regulation) Act 1998
https://www.rba.gov.au/media-releases/2009/pdf/mr-09-03-gn-atm-access-regime.pdf
Original Message
18 Dec 2006
Media Release
PDF
200KB
Hoax e-mails example
https://www.rba.gov.au/media-releases/2006/pdf/spam-example-181206.pdf