Search: SSF Standards
RBA Glossary definition for SSF
SSF – Securities settlement facility
RBA Glossary definition for SSF Standards
SSF Standards – Financial Stability Standards for Securities Settlement Facilities
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Special Topic – Default Management | 2015/16 Assessment of ASX Clearing and Settlement Facilities
18 May 2023
ASX should include all parties that would be involved in the default management process in the testing of these arrangements (CCP Standard 12.4, SSF Standard 11.4). ... Market impact. ASX should take into account the impact of its default management
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/special-topic-default-management.html
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
Standard 8: Settlement finality | A1.2 ASX Clear (Futures) | 2015/16 Assessment of ASX Clearing and Settlement Facilities
18 May 2023
ASX Clear (Futures) does not allow settlement instructions to be revoked (CCP Standard 8.3). ... This approval protects the finality of payments made through Austraclear in the event of a participant entering external administration (see Appendix A2.2,
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
All link arrangements have been discussed with the Bank (CCP Standard 19.3). ... 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
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
2015/16 Assessment of ASX Clearing and Settlement Facilities A1.2 ASX Clear (Futures) Standard 11: Exchange-of-value settlements. ... 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
Appendix A2.2 Austraclear | 2015/16 Assessment of ASX Clearing and Settlement Facilities
18 May 2023
Observed. In order to continue to observe SSF Standard 11, Austraclear should carry out further work to enhance its DMF documentation, including the documents that set out the specific procedures to ... capital. 13. Custody and investment risks. Observed.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/austraclear/
Standard 7: Liquidity risk | Appendix A1.1 ASX Clear | 2015/16 Assessment of ASX Clearing and Settlement Facilities
18 May 2023
ASX Clear maintains a framework for managing its liquidity risk (CCP Standard 7.1). ... 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
Standard 12: Participant default rules and procedures | A1.2 ASX Clear (Futures) | 2015/16 Assessment of ASX Clearing and Settlement…
18 May 2023
Collateral may be in the form of cash or eligible securities (see CCP Standard 5.1). ... incidents and the escalation of potential default events to the DMC (see Appendix A2.1, SSF Standard 3.1 for further detail on the PIRC).
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/asx-clear-futures/standard-12.html
Standard 14: General business risk | A1.2 ASX Clear (Futures) | 2015/16 Assessment of ASX Clearing and Settlement Facilities
18 May 2023
Risk assessments are built into ASX's project management framework (see CCP Standard 16.4). ... 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
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/asx-clear-futures/standard-14.html
Introduction and Executive Summary | 2015/16 Assessment of ASX Clearing and Settlement Facilities
18 May 2023
Accordingly, the Bank has assessed that all the CS facilities observed the standard on default management rules and procedures. ... Overall, the assessment found that CCPs had made important and meaningful progress in implementing arrangements consistent
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/introduction-and-executive-summary.html