Search: OIS
RBA Glossary definition for OIS
OIS – Overnight indexed swap, a bilaterally traded, or over-the-counter (OTC), derivative in which one party agrees to pay the other party a fixed interest rate in exchange for receiving the average cash rate recorded over the term of the swap.
Search Results
Australian Money Markets through the COVID-19 Pandemic
17 Mar 2022
Bulletin
– March 2022
Money markets are used by banks and other entities to borrow and lend funds for short terms, and are central to the implementation and transmission of monetary policy in Australia.
https://www.rba.gov.au/publications/bulletin/2022/mar/australian-money-markets-through-the-covid-19-pandemic.html
An Initial Assessment of the Reserve Bank's Bond Purchase Program
17 Jun 2021
Bulletin
– June 2021
This article provides an initial assessment of the effect of the Reserve Bank's bond purchase program on government bond yields.
https://www.rba.gov.au/publications/bulletin/2021/jun/an-initial-assessment-of-the-reserve-banks-bond-purchase-program.html
Developments in Foreign Exchange and Over-the-counter Derivatives Markets
12 Dec 2019
Bulletin
– December 2019
Global activity in foreign exchange (FX) and over-the-counter (OTC) derivatives markets increased over the three years to April 2019.
https://www.rba.gov.au/publications/bulletin/2019/dec/developments-in-foreign-exchange-and-over-the-counter-derivatives-markets.html
The Committed Liquidity Facility
19 Sep 2019
Bulletin
– September 2019
The Reserve Bank provides the Committed Liquidity Facility (CLF) as part of the global framework to improve the resilience of the banking system to periods of liquidity stress.
https://www.rba.gov.au/publications/bulletin/2019/sep/the-committed-liquidity-facility.html
Interest Rate Benchmarks for the Australian Dollar
20 Sep 2018
Bulletin
– September 2018
Interest rate benchmarks are widely relied upon in global financial markets. They are referenced in contracts for derivatives, loans and securities.
https://www.rba.gov.au/publications/bulletin/2018/sep/interest-rate-benchmarks-for-the-australian-dollar.html
The Australian OTC Derivatives Market: Insights from New Trade Repository Data
21 Jun 2018
Bulletin
– June 2018
By contrast, OIS tend to have short maturities (almost all are less than six months). ... The Australian dollar accounts for a greater proportion of OIS and basis swaps.
https://www.rba.gov.au/publications/bulletin/2018/jun/the-australian-otc-derivatives-market-insights-from-new-trade-repository-data.html
Developments in the Australian Repo Market
15 Sep 2016
Bulletin
– September 2016
The market for repurchase agreements (repos) – where cash is borrowed and lent using securities as collateral – plays an important role in the implementation of monetary policy and as a source of finance for the bond market. The Reserve Bank has
https://www.rba.gov.au/publications/bulletin/2016/sep/5.html
Foreign Exchange Reserves and the Reserve Bank's Balance Sheet
10 Dec 2012
Bulletin
– December 2012
The Bank lends most of its domestic assets to the market under short-term repurchase operations, and so the 1-month OIS rate serves as a proxy for the average repo
https://www.rba.gov.au/publications/bulletin/2012/dec/7.html
Extracting Information from Financial Market Instruments
10 Mar 2012
Bulletin
– March 2012
Graph 1. OIS contracts trade for relatively short terms, generally of less than one year. ... The use of the OIS market to gauge cash rate expectations does, however, present some challenges.
https://www.rba.gov.au/publications/bulletin/2012/mar/6.html
Banks' Funding Costs and Lending Rates
10 Mar 2012
Bulletin
– March 2012
of short-term debt relative to the expected cash rate as measured by the bank bill to OIS spread over the same period (Graph 7). ... There is a very small amount of credit risk in overnight index swap (OIS) rates.
https://www.rba.gov.au/publications/bulletin/2012/mar/5.html