Search: bank accepted bill of exchange

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RBA Glossary definition for bank accepted bill of exchange

bank accepted bill of exchange – A bank accepted bill of exchange is a bill of exchange that lists a bank as the acceptor of the bill. As an acceptor, a bank has a liability to pay the holder the face value of the bill at maturity. In certain circumstances, the liability is contingent on the borrower, or drawer, defaulting.

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Statement by the Governor, Mr Ian Macfarlane

18 Feb 2000 Media Releases
Results of the review of the Reserve Bank of Australia's arrangements for releasing market-sensitive information
https://www.rba.gov.au/media-releases/2000/mr-00-06.html

Domestic Market Dealing Arrangements

5 Sep 2002 Media Releases
RBA announces Continuous Linked Settlement (CLS) system for the settlement of foreign exchange transactions will commence on Monday 9 September 2002
https://www.rba.gov.au/media-releases/2002/mr-02-17.html

Changes to Eligible Securities and Margining for Domestic Market Operations

16 Nov 2011 Media Releases
There will no longer be a requirement for the issuing ADI to be an exchange settlement (ES) account holder with the Bank. ... The Bank will continue to revalue securities held under repo each business day.
https://www.rba.gov.au/media-releases/2011/mr-11-26.html

Domestic Market Dealing Arrangements

6 Sep 2007 Media Releases
As a continuation of this trend, and after reviewing the range of international practice by other central banks, the Reserve Bank has decided to further widen the range of securities eligible ... bills and certificates of deposit issued domestically by
https://www.rba.gov.au/media-releases/2007/mr-07-14.html

Same-day Settlement of Direct Entry Payments

25 Nov 2013 Media Releases
Starting from 25 November, the settlement of Direct Entry (DE) obligations between payments system participants is occurring on a same-day, rather than next-day, basis
https://www.rba.gov.au/media-releases/2013/mr-13-24.html

Research Project Exploring Use Cases for CBDC

2 Mar 2023 Media Releases
The Digital Finance Cooperative Research Centre and the Reserve Bank are announcing the use case proposals, along with their providers, which have been invited to participate in the live pilot, which will take place over the coming months.
https://www.rba.gov.au/media-releases/2023/mr-23-06.html

RESERVE BANK OF AUSTRALIA FOREIGN EXCHANGE SETTLEMENTPRACTICES IN AUSTRALIA ...

18 Dec 1997 Media Release PDF 268KB
1. INTRODUCTION.1. 1.1 BACKGROUND. 11.2 THE AUSTRALIAN FOREIGN EXCHANGE MARKET. 11.3 OBJECTIVES OF A STUDY BY THE RESERVE BANK OF AUSTRALIA. ... This report presents the results of an investigation by the Reserve Bank of Australia(RBA) into the
https://www.rba.gov.au/media-releases/1997/pdf/fxsp.pdf

Domestic Market Dealing Arrangements

15 Jul 2002 Media Releases
Announcement of new facility for intra-day repurchase agreements to help banks meet liquidity needs under Continuous Linked Settlement (CLS) arrangements
https://www.rba.gov.au/media-releases/2002/mr-02-14.html

Year 2000 and RBA Domestic Dealing Arrangements

21 Jun 1999 Media Releases
Arrangements to be put in place by banks and other financial intermediaries to ensure that they have adequate liquidity over the century change over period
https://www.rba.gov.au/media-releases/1999/mr-99-05.html

December: 1997-Next Steps and Conclusions

9 Mar 2023 Media Release
That recommendation has been accepted by the Australian Government. Netting is a proven way of reducing settlement risk. ... The 1996 CPSS report reached the same conclusion and several banks have already achieved substantial reductions in the time that
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/next-steps-conclusions.html