Search: SSF
RBA Glossary definition for SSF
SSF – Securities settlement facility
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Special Topic – Default Management | 2015/16 Assessment of ASX Clearing and Settlement Facilities
18 May 2023
Many of the actions taken by the SSFs to manage a participant default are therefore largely procedural in nature. ... This power applies to settlement participants in both SSFs, as well as Payment Providers and Participating Banks.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/special-topic-default-management.html
Appendix A2.1 ASX Settlement | 2015/16 Assessment of ASX Clearing and Settlement Facilities
18 May 2023
The following provides details of how ASX Settlement and Austraclear observe each of the SSF Standards (including sub-standards). ... each of the SSFs to address relevant areas of concern and take steps to further strengthen their observance of the SSF
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/asx-settlement/
Summary and Review of Regulatory Priorities | 2015/16 Assessment of ASX Clearing and Settlement Facilities
18 May 2023
Both CCPs. CCP Standard 12. SSF default management. In order to continue to observe SSF Standard 11, ASX should carry out further work to enhance the DMF documentation for its SSFs, ... Both SSFs. SSF Standard 11. Investment risk. In order to fully
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/summary-and-review-of-regulatory-priorities.html
Assessment of Clearing and Settlement Facilities against the Financial Stability Standards | 2015/16 Assessment of ASX Clearing and…
18 May 2023
The ASX Group includes two SSFs that are required to observe the SSF Standards:. ... Austraclear provides SSF services for trades in debt securities, including government bonds and repurchase agreements.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/assessment-of-clearing-and-settlement-facilities-against-the-financial-stability-standards.html
Appendix A2.2 Austraclear | 2015/16 Assessment of ASX Clearing and Settlement Facilities
18 May 2023
It is an SSF that provides settlement and depository services for debt securities, and settlement services for derivatives traded on the ASX 24 market and for margin payments in ASX Clear ... facilities. Austraclear is encouraged to complete its review
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/austraclear/
Standard 8: Settlement finality | A1.2 ASX Clear (Futures) | 2015/16 Assessment of ASX Clearing and Settlement Facilities
18 May 2023
ASX Clear (Futures) has accounts at Austraclear and NZClear, an SSF owned and operated by the RBNZ, for settling AUD- and NZD-denominated collateral, respectively. ... This approval protects the finality of payments made through Austraclear in the event
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 19: FMI links | A1.2 ASX Clear (Futures) | 2015/16 Assessment of ASX Clearing and Settlement Facilities
18 May 2023
Austraclear operations are also covered by the Austraclear System Business Operations Plan, which includes a ‘Step-in and Service’ agreement with the Bank (see Appendix A2.2, SSF Standard 14).
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/asx-clear-futures/standard-19.html
Standard 11: Exchange-of-value settlements | A1.2 ASX Clear (Futures) | 2015/16 Assessment of ASX Clearing and Settlement Facilities
18 May 2023
and take delivery of the bills as a single exchange of value (see Appendix A2.2, SSF Standard 10).
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/asx-clear-futures/standard-11.html
Standard 14: General business risk | A1.2 ASX Clear (Futures) | 2015/16 Assessment of ASX Clearing and Settlement Facilities
18 May 2023
2). ASX Limited has also committed to maintaining adequate levels of business risk capital for the CCPs and SSFs, recapitalising these funds as required (see CCP Standard 14.5).
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/asx-clear-futures/standard-14.html
Standard 7: Liquidity risk | Appendix A1.1 ASX Clear | 2015/16 Assessment of ASX Clearing and Settlement Facilities
18 May 2023
participant to zero, while avoiding an increase in net payment obligations for other participants (see Appendix A2.1, SSF Standard 10.2).
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/asx-clear/standard-07.html