Search: RTGS
RBA Glossary definition for RTGS
RTGS – Real-time gross settlement. A payment system in which processing and settlement take place in real time (continuously).
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December: 1997-Next Steps and Conclusions
9 Mar 2023
Media Release
A domestic RTGS system is an essential element for inclusion of any currency in the CLS proposal. ... As identified in this report, RTGS also provides a mechanism for reducing the times at which foreign exchange payments are at risk.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/next-steps-conclusions.html
December: 1997-Risk Management Practices
9 Mar 2023
Media Release
These include the general move towards RTGS in most countries and the emergence of multi-currency settlement systems. ... Almost all respondents reported that the introduction of RTGS in other countries had had little or no impact on their own settlement
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/risk-management-practices.html
December: 1997-Sample Questionnaire
9 Mar 2023
Media Release
What do you consider to be the likely impact of real-time gross settlement (RTGS) on AUD foreign exchange settlements? ... Has the introduction of RTGS elsewhere in the world affected your own settlement practices for particular currencies (eg.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/annex-b.html
December: 1997-Settlement Practices in the Australian Foreign Exchange Market
9 Mar 2023
Media Release
Hong Kong, Korea and Thailand already have functioning RTGS systems, while New Zealand, Singapore and Malaysia are introducing such systems. ... The implications of RTGS for AUD settlements are discussed in Section 4.5 below.).
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/settlement-practices-aus-fx-market.html
December: 1997-Glossary
9 Mar 2023
Media Release
RTGS. Real time gross settlement; the final and irrevocable settlement of transactions on an individual basis. ... TARGET is comprised of an RTGS system in each country and the bilateral linkages between these systems.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/annex-e.html
December: 1997-Settlement Risk on Australian Dollar Transactions
9 Mar 2023
Media Release
The introduction of RTGS will vastly improve certainty in the measurement of foreign exchange settlement risk on transactions involving the AUD. ... Of the nine most actively traded currencies, the AUD will join only the GBP and CHF in being settled
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/settlement-risk-aus-dollar-transactions.html
Final Incident Report RITS and FSS Incident – 12 October 2022
25 Nov 2022
Media Release
PDF
146KB
3.1 FSS. Settlement unavailable from 19:13 to 23:45. The FSS settles transactions submitted via the NPP feeder system on an RTGS basis.
https://www.rba.gov.au/media-releases/2022/pdf/mr-22-40-final-incident-report-rits-and-fss-incident-12-october-2022.pdf
Payments System Issues: Exchange Settlement Account Policy
20 Mar 2018
Media Releases
The Reserve Bank has amended its Exchange Settlement Account policy to remove the requirement that all banks that use a settlement agent for real-time gross settlement transactions must maintain an ESA.
https://www.rba.gov.au/media-releases/2018/mr-18-06.html
Payment Systems and Netting Act 1998: Approval of Netting Arrangement
24 Jul 2017
Media Releases
At its meeting on 19 August 2016, the Payments System Board approved the multilateral netting arrangements coordinated by eftpos Payments Australia Limited, subject to compliance with certain conditions.
https://www.rba.gov.au/media-releases/2017/mr-17-14.html
Joint Second Hong Kong-Australia RMB Trade and Investment Dialogue
22 May 2014
Media Releases
Meanwhile, RMB activities have continued to expand in Hong Kong, with the average daily turnover of the RMB RTGS system increasing markedly to some RMB700 billion in March 2014.
https://www.rba.gov.au/media-releases/2014/jmr-14-08.html