Search: Surplus Exchange Settlement Account balances

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RBA Glossary definition for Exchange Settlement Account balances

Exchange Settlement Account balances – The sum of balances held in Exchange Settlement Accounts with the Reserve Bank.

RBA Glossary definition for Surplus Exchange Settlement Account balances

Surplus Exchange Settlement Account balances – Exchange Settlement Account balances, excluding balances that account holders keep to meet their after-hours payments in the direct entry system or the New Payments Platform.

RBA Glossary definition for settlement

settlement – The discharge of obligations arising from fund transfers between two or more parties.

RBA Glossary definition for Exchange Settlement Account

Exchange Settlement Account – An account held at the Reserve Bank of Australia by financial institutions to settle financial obligations arising from the clearing of payments.

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Daily Equilibrium

1 Dec 1992 RDP 9214
Bob Rankin
leaving cash in exchange settlement accounts at the Reserve Bank. Demand by authorised dealers stems from:. ... Ignoring the options of leaving cash uninvested — i.e. in exchange settlement accounts at zero interest — the equilibrium condition for
https://www.rba.gov.au/publications/rdp/1992/9214/daily-equilibrium.html

Introduction

1 Dec 1992 RDP 9214
Bob Rankin
There are two parts to the cash market:. the market for exchange settlement (ES) funds – those funds that can be transferred for same-day value between accounts at the Reserve Bank ... Participation in this market is restricted to the Reserve Bank and
https://www.rba.gov.au/publications/rdp/1992/9214/introduction.html

Determination of Cash Rates

1 Dec 1992 RDP 9214
Bob Rankin
As noted in Section 2 above, there are few uses for ES cash in the hands of banks which are surplus to their needs for exchange settlement. ... B. e. represents the surplus ES available to banks. In Figure 3, the SS curve is drawn as vertical at loan
https://www.rba.gov.au/publications/rdp/1992/9214/determination-of-cash-rates.html