Search: Exchange Settlement Account balances
Did you mean
exchange settlement account policy?
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.
Search Results
Executive Summary | Submission to the Financial System Inquiry – 6 September 1996 | Financial Sector | Submissions
6 Sep 1996
Submissions
In keeping with the RBA's responsibilities, it emphasises the need to take into account the long-run stability of the system. ... At present the RBA separately authorises financial institutions (banks and non-banks) that trade in the foreign exchange
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-1996/executive-summary.html
Background: Financial System Trends | Submission to the Financial System Inquiry – 6 September 1996 | Financial Sector | Submissions
6 Sep 1996
Submissions
It currently accounts for 38 per cent of assets, compared with 26 per cent in 1980. ... At the same time, services previously offered in a package (eg housing loans and savings accounts) are being unbundled.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-1996/background-financial-system-trends.html
Objectives and Types of Financial Regulation | Submission to the Financial System Inquiry – 6 September 1996 | Financial Sector |…
6 Sep 1996
Submissions
Today, owing to the proliferation of transactions, a day old balance sheet can be obsolete. ... Reliable settlement procedures and arrangements for handling a failure to settle also promote stability.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-1996/objectives-and-types-of-financial-regulation.html
Assessment of Prudential Supervision Arrangements | Submission to the Financial System Inquiry – 6 September 1996 | Financial Sector |…
6 Sep 1996
Submissions
This balance must periodically be reviewed by relevant supervisors, with any competitive impacts being one factor taken into account. ... Very importantly, they do not constitute part of the payments clearing and settlement system.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-1996/assessment-prudential-supervision-arrangements.html
Appendix 1: Changes to Bank Regulations | Submission to the Inquiry into the Australian Banking Industry – January 1991 | Financial Sector…
1 Jan 1991
Submissions
1971. August. The minimum balance on savings bank investment accounts was reduced from $500 to $100 and the minimum transaction requirement was dropped. ... Greater freedom was given to trading banks to hold foreign exchange balances abroad and to borrow
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-australian-banking-industry/appendix-1.html
Proposed merger between Armaguard and Prosegur – October 2022 | Responses and Options Paper
8 May 2024
Submissions
required. Technology, infrastructure and systems: in addition to fitness sorting, the CIT provider needs to have the technology and systems in place to accurately count and balance large volumes of banknotes ... and settle the customer's account, while
https://www.rba.gov.au/publications/submissions/payments-system/proposed-merger-armaguard-and-prosegur-submission-october-2022/index.html
Inquiry into Mobile Payment and Digital Wallet Financial Services – July 2021 | Payments System | Submissions
8 May 2024
Submissions
This involves replacing the card number printed on a card, known as the primary account number (PAN), with a randomly generated string of alphanumeric characters. ... Accordingly, it will be important for policymakers to assess whether there is an
https://www.rba.gov.au/publications/submissions/payments-system/inquiry-into-mobile-payment-and-digital-wallet-financial-services/index.html
RBA submission to Defining payment functions consultation - July 2023
16 Jan 2024
Submissions
PDF
445KB
payment services to apply for an Exchange Settlement Account at the RBA to settle clearing obligations with other providers.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/submission-to-defining-payment-functions-consultation-july-2023.pdf
Reforms to the Payment Systems (Regulation) Act 1998
1 Dec 2023
Submissions
PDF
446KB
Submission to Consultation on Exposure Draft Legislation
https://www.rba.gov.au/publications/submissions/payments-system/pdf/reforms-to-the-payment-systems-regulation-nov-2023.pdf
Submission to the Parliamentary Joint Committee on Corporations and Financial Services inquiry into Mobile payment and digital wallet…
26 May 2021
Submissions
PDF
626KB
Users of these services keep funds in their digital wallet account and payments are made between users in a ‘closed. ... Accordingly, it will be important for policymakers to assess whether there is an appropriate balance between the costs and benefits
https://www.rba.gov.au/publications/submissions/payments-system/pdf/inquiry-into-mobile-payment-and-digital-wallet-financial-services.pdf