Search: Exchange Settlement Account balances

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RBA Glossary definition for Exchange Settlement Account balances

Exchange Settlement Account balances – The sum of balances held in Exchange Settlement Accounts with the Reserve Bank.

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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Same-day Settlement of Direct Entry Payments

25 Nov 2013 Media Releases
Starting from 25 November, the settlement of Direct Entry (DE) obligations between payments system participants is occurring on a same-day, rather than next-day, basis
https://www.rba.gov.au/media-releases/2013/mr-13-24.html

Statement by Michele Bullock, Governor: Monetary Policy Decision

7 Nov 2023 Media Releases
At its meeting today, the Board decided to raise the cash rate target by 25 basis points to 4.35 per cent.
https://www.rba.gov.au/media-releases/2023/mr-23-30.html

Media Releases – 2003

31 Dec 2003 Media releases issued in 2003
https://www.rba.gov.au/media-releases/2003/

2007/08 Assessment of Australia's Clearing and Settlement Facilities and Consultation on Variation of the Financial Stability Standards

24 Oct 2008 Media Releases
Announcement of release of 2007/08 assessment of clearing and settlement facilities against the Bank's Financial Stability Standards and two consultation papers on proposed variations to those standards
https://www.rba.gov.au/media-releases/2008/mr-08-24.html

Launch of the New Payments Platform

13 Feb 2018 Media Releases
Today, the Reserve Bank of Australia and its Payments System Board (PSB) welcome the public launch of the New Payments Platform (NPP).
https://www.rba.gov.au/media-releases/2018/mr-18-02.html

Statement by Philip Lowe, Governor: Monetary Policy Decision

2 May 2023 Media Releases
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.85 per cent. It also increased the rate paid on Exchange Settlement balances by 25 basis points to 3.75 per cent.
https://www.rba.gov.au/media-releases/2023/mr-23-10.html

Statement by Philip Lowe, Governor: Monetary Policy Decision

4 Apr 2023 Media Releases
At its meeting today, the Board decided to leave the cash rate target unchanged at 3.60 per cent and the interest rate on Exchange Settlement balances unchanged at 3.50 per cent.
https://www.rba.gov.au/media-releases/2023/mr-23-08.html

Media Releases – 1999

31 Dec 1999 Media releases issued in 1999
https://www.rba.gov.au/media-releases/1999/

Statement by Philip Lowe, Governor: Monetary Policy Decision

6 Sep 2022 Media Releases
At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 2.35 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 2.25 per cent.
https://www.rba.gov.au/media-releases/2022/mr-22-28.html

Statement by Philip Lowe, Governor: Monetary Policy Decision

5 Apr 2022 Media Releases
At its meeting today, the Board decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent.
https://www.rba.gov.au/media-releases/2022/mr-22-11.html