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RBA Glossary definition for PSNA
PSNA – Payment Systems and Netting Act 1998
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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
Special Topic | Assessment of ASX Clearing and Settlement Facilities
9 Mar 2023
These protections include:. Protection of the finality of Austraclear's settlement process by its approval as RTGS system under Part 2 of the PSNA. ... Protection of the netting arrangements of ASX Settlement by its approval under Part 3 of the PSNA.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2018-2019/special-topic-legal-basis.html
Standard 8: Settlement finality | A1.2 ASX Clear (Futures) | 2015/16 Assessment of ASX Clearing and Settlement Facilities
18 May 2023
Payments within this system are also final and irrevocable; this is again supported by the approval of RITS under Part 2 of the PSNA (see CCP Standard 1.2). ... statutory management) by clarifying that the protections under the PSNA continue to apply
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/asx-clear-futures/standard-08.html
Standard 1: Legal basis | Appendix C1. Financial Stability Standards for Central Counterparties | Assessment of ASX Clearing and Settlement …
9 Mar 2023
ASX Clear and ASX Clear (Futures) are approved as ‘netting markets’ under Part 5 of the Payment Systems and Netting Act 1998 (PSNA), which provides certain legal protections (see also CCP ... The definition of external administration in Part 5 of the
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2016-2017/asx-central-counterparties/standard-01.html
Submission to Payments System Review
3 Feb 2021
Submissions
PDF
1155KB
Payment Systems and Netting Act 1998 (Cth) (PSNA). Part 7.3 of the Corporations Act 2001 (Cth). ... the PSRA and the PSNA in a way that best contributes to:.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/submission-to-payments-system-review-01-2021.pdf
Standard 7: Settlement finality | A2.2 Austraclear | 2015/16 Assessment of ASX Clearing and Settlement Facilities
8 Mar 2023
Austraclear defines the point at which settlement is final in its Regulations, and finality is protected by its approval under Part 2 of the PSNA. ... statutory management) by clarifying that the protections under the PSNA continue to apply.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/austraclear/standard-07.html
Standard 7: Settlement Finality | Appendix B2.1: ASX Settlement | 2012/13 Assessment of ASX Clearing and Settlement Facilities
9 Mar 2023
Rating: Observed. ASX Settlement defines the point at which settlement is final in its Operating Rules, and finality is ensured by its approval under Part 3 of the PSNA. ... The finality of ASX Settlement's settlement process is ensured by its approval
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2012-2013/asx-settlement/standard-07.html
Standard 1: Legal Basis | Appendix B1.2 ASX Clear (Futures) | 2012/13 Assessment of ASX Clearing and Settlement Facilities
9 Mar 2023
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-futures/standard-01.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
Appendix A: Summary of Progress 2022/23 | Assessment of ASX Clearing and Settlement Facilities
1 Nov 2023
Reference. Recommendation. Standard. Facility. Update. Timeframe. 2022-8. Legal basis: PSNA. ASX Settlement should apply for approvals as an approved RTGS system and as a multilateral netting arrangement under the Payment ... Systems and Netting Act 1998
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2022-2023/appendix-a.html