Search: Sub-prime mortgage

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RBA Glossary definition for Sub-prime mortgage

Sub-prime mortgage – While there is no precise definition of sub-prime mortgages, in the United States, they are typically loans made to borrowers with impaired credit histories, which might include one or more payment defaults, a previous loan foreclosure, or bankruptcy.

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Financial Corporations Act 1974

11 Oct 1999 Media Releases
Orders made under powers of the Governor under the Financial Corporations Act 1974
https://www.rba.gov.au/media-releases/1999/mr-99-10.html

Payment Systems and Netting Act 1998 and Cheques Act 1986

19 Aug 2004 Media Releases
Announces that the RBA has approved multilateral netting arrangements for four clearing systems; the Australian Paper Clearing System; the Bulk Electronic Clearing System, the Consumer Electronic Clearing System; and the High Value Clearing System
https://www.rba.gov.au/media-releases/2004/mr-04-07.html

Survey On Household Behaviour Around Housing Equity

14 Jan 2005 Media Releases
Announces that the Reserve Bank of Australia (RBA)has commissioned a survey of Australian households in order to improve its understanding of household borrowing and spending decisions. The survey is being conducted on behalf of the RBA by Roy
https://www.rba.gov.au/media-releases/2005/mr-05-01.html

Reform of Interbank Payments

5 Apr 1995 Media Releases
Announces that after consulting with the banks and the Australian Payment Clearing Association (APCA), the RBA is now presenting a case for moving to a Real-time Gross Settlement (RTGS) payments system and proposes a means of achieving this
https://www.rba.gov.au/media-releases/1995/mr-95-05.html

Financial Corporations Act 1974

6 Apr 2000 Media Releases
Orders made under powers of the Governor under the Financial Corporations Act 1974
https://www.rba.gov.au/media-releases/2000/mr-00-09.html

Financial Corporations Act 1974

4 Jul 2001 Media Releases
Orders made under powers of the Governor under the Financial Corporations Act 1974
https://www.rba.gov.au/media-releases/2001/mr-01-14.html

Changes to the Reserve Bank's Domestic Market Operations in the Transition Phase to Real-time Gross Settlement

9 May 1996 Media Releases
Announces changes to the RBA's Domestic Markets Operations to be introduced in June to August 1986
https://www.rba.gov.au/media-releases/1996/mr-96-06.html

Financial Corporations Act 1974

7 Jan 1999 Media Releases
Orders made under powers of the Governor under the Financial Corporations Act 1974
https://www.rba.gov.au/media-releases/1999/mr-99-01.html

Real-time Gross Settlement (RTGS) – Liquidity

6 May 1997 Media Releases
The Reserve Bank will stand ready to provide intra-day liquidity to banks and others with Exchange Settlement Accounts, to ensure that payments flow smoothly. This liquidity will take the form of within-day repurchase agreements in Commonwealth
https://www.rba.gov.au/media-releases/1997/mr-97-08.html

Reform of Interbank Payments: RTGS Business Specifications

31 Aug 1995 Media Releases
Announces the release of draft business specifications for the (RTGS) system
https://www.rba.gov.au/media-releases/1995/mr-95-13.html