Search: PSNA
RBA Glossary definition for PSNA
PSNA – Payment Systems and Netting Act 1998
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Assessment against the Core Principles | 2009 Self-assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
Finality of settlement in RITS is made legally certain by Reserve Bank approval of RITS under Part 2, Section 9 of the PSNA. ... The legal certainty of this multilateral netting, and therefore irrevocability of finality of settlement, is protected by an
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2009/assessment.html
Material Developments | 2017 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
The irrevocability of payments settled in RITS is protected by RITS's approval as an RTGS system under Part 2 of the PSNA. ... they are protected from the application of the ‘zero-hour’ rule). In May 2016, changes to the PSNA were introduced to deal
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2017/material-developments.html
Appendix B: Detailed Assessment of the Reserve Bank Information and Transfer System | 2021 Assessment of the Reserve Bank Information and…
9 Mar 2023
The irrevocability of settlement under these contingency arrangements is supported by the approval of Austraclear and HVCS as netting arrangements under Part 3 of the PSNA. ... RITS's approval under Part 2 of the PSNA does not ensure the legal certainty
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2021/appendix-b.html
List of Acronyms | 2009 Self-assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
Memorandum of Understanding. PSNA. Payment Systems and Netting Act 1998. Repo.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2009/acronyms.html
2. Overview of the Clearing and Settlement Landscape | Assessment of ASX Clearing and Settlement (CS) Facilities against the Principles for …
9 Mar 2023
In assessing an application for approval, the PSNA sets out a number of tests including that, without such approval, the bankruptcy of a participant could cause systemic disruption. ... Separately, the Commonwealth Treasury has responsibility for
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/principles/assessment-against-principles/asx/2014/overview.html
Self-assessment of the Australian Securities and Investments Commission and Reserve Bank of Australia – Clearing and Settlement Facilities
9 Mar 2023
In assessing an application for approval, the PSNA sets out a number of tests including that, without such approval, the bankruptcy of a participant could cause systemic disruption. ... Separately, the Commonwealth Treasury has responsibility for
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/principles/assessment-against-responsibilities/responsibilities-of-authorities/2014/overview.html
Standard 1: Legal Basis | Appendix B1.1 ASX Clear | 2012/13 Assessment of ASX Clearing and Settlement Facilities
9 Mar 2023
Rules. Part 5 of the PSNA provides protections for approved ‘market netting arrangements’ (i.e. ... Finality of funds transfers in RITS is again supported by the approval of RITS under Part 2 of the PSNA.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2012-2013/asx-clear/standard-01.html
Standard 8: Settlement Finality | Appendix B1.1 ASX Clear | 2012/13 Assessment of ASX Clearing and Settlement Facilities
9 Mar 2023
For payments settled in Austraclear, settlement is final according to Austraclear's Regulations and Procedures and its approval under Part 2 of the PSNA. ... Payments within this system are also final and irrevocable; this is supported by the approval of
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2012-2013/asx-clear/standard-08.html
Standard 1: Legal basis | C2. Financial Stability Standards for Securities Settlement Facilities | Assessment of ASX Clearing and…
9 Mar 2023
the approval of its netting arrangements under Part 3 of the PSNA; this approval ensures that netting in accordance with ASX Settlement's Rules and Procedures is legally certain. ... also protected from the zero-hour rule by the approval of RITS as an
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2017-2018/asx-securities-settlement-facilities/standard-01.html