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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Responding to the Economic and Financial Impact of COVID-19
23 Apr 2020
Speech
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131KB
As a result of these liquidity. operations, Exchange Settlement balances have increased from around $2.5 billion a month ago toover $20 billion today. ... This adjustment to the corridor reflects the fact that there will be a significant increase in
https://www.rba.gov.au/speeches/2020/pdf/sp-gov-2020-03-19.pdf
Retail Central Bank Digital Currency: Design Considerations and Rationales
15 Oct 2020
Speech
PDF
284KB
These deposits can bereferred to as ‘commercial bank money’. The Reserve Bank also issues digital money in the form of balances in Exchange Settlement Accounts(ESAs) that banks and a few ... For example, in an account-basedmodel, users would likely
https://www.rba.gov.au/speeches/2020/pdf/sp-so-2020-10-14.pdf
Opening Statement to the House of Representatives Standing Committee on Economics
16 Feb 2023
Speech
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236KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-gov-2023-02-17.pdf
12/04/2018 Reserve Management and International Financial Stability: Some Reflections ...
11 Apr 2018
Speech
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516KB
IMF (2013), ‘Guidelines for Foreign Exchange Reserve Management,’ International Monetary Fund, Washington DC. ... The IMF'sSpecial Data Dissemination Standard (SDDS) and Guidelines on Foreign Exchange Reserve Management (2013)come closest.
https://www.rba.gov.au/speeches/2018/pdf/sp-so-2018-03-23.pdf
An Economic and Financial Update
21 Apr 2020
Speech
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136KB
The drawings under this facility, combined with the bond purchases and the Reserve Bank's openmarket operations, have resulted in the balances held in Exchange Settlement Accounts increasingsubstantially. ... The very large increase in the balances in
https://www.rba.gov.au/speeches/2020/pdf/sp-gov-2020-04-21.pdf
Opening Statement to the House of Representatives Standing Committee on Economics
9 May 2022
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197KB
Theeasing of monetary policy is also supporting a turnaround in housing investment and has also had aneffect on the exchange rate, which boosts demand for our exports. ... More generally, mostpeople in Australia are now able to move money between bank
https://www.rba.gov.au/speeches/2020/pdf/sp-gov-2020-02-07.pdf
30/06/2020 The Reserve Bank's Policy Actions and Balance Sheet ...
30 Jun 2020
Speech
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349KB
5. Setting the rate paid on Exchange Settlement (ES) balances at the RBA at 10 basis points. ... also anchors other money market rates suchas short-term repos (repurchase agreements), foreign exchange (FX) swaps and bank bills.
https://www.rba.gov.au/speeches/2020/pdf/sp-dg-2020-06-30.pdf
The RBA and the Australian Economy
16 Dec 2021
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367KB
The RBA also operates the settlement system that is at the core of Australia's payments system. ... We also manage Australia's foreign exchange reserves. We do this with around 1,400 people.
https://www.rba.gov.au/speeches/2021/pdf/sp-gov-2021-12-16.pdf
Today's Monetary Policy Decision
6 Jul 2021
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155KB
In turn, this has contributed to a lower exchange rate thanotherwise, freed up cash flows for households and businesses, and strengthened balance sheets bysupporting asset values. ... The final part of today's decision was to maintain the cash rate
https://www.rba.gov.au/speeches/2021/pdf/sp-gov-2021-07-06.pdf
Monetary Policy During COVID
6 May 2021
Speech
PDF
638KB
reducing the interest rate paid on Exchange Settlement (ES) balances (the balances thebanking system holds with the RBA) to 10 basis points. ... exchange settlement balance.
https://www.rba.gov.au/speeches/2021/pdf/sp-dg-2021-05-06.pdf