Search: bank accepted bill of exchange
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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Monetary Policy
9 Mar 2023
RBA Annual Report
– 1962
This convention, first established in its present form in 1956, codified certain firm understandings reached between the Reserve Bank and the trading banks, namely—. ... reversed and the trading banks became heavy sellers of securities to the Reserve
https://www.rba.gov.au/publications/annual-reports/rba/1962/monetary-policy.html
Monetary Policy
9 Mar 2023
RBA Annual Report
– 1961
Bank Liquidity — Percentage of Deposits. The banks' positions improved in the new year. ... The foreign exchange operations of the Reserve Bank comprise chiefly dealings with banks in sterling and U.S.
https://www.rba.gov.au/publications/annual-reports/rba/1961/monetary-policy.html
Monetary Policy
9 Mar 2023
RBA Annual Report
– 1963
raised the level of commitments against trading banks in undrawn limits; and trading bank liquidity had increased to fairly high levels. ... Savings banks continued to consult regularly with the Reserve Bank about their lending and investment policies.
https://www.rba.gov.au/publications/annual-reports/rba/1963/monetary-policy.html
Reasons for the Decision to Designate the EFTPOS Payment System
9 Mar 2023
This statement provides the reasons for the decision of the Payments System Board to designate the Electronic Funds Transfer at Point Of Sale (EFTPOS) debit card payment system as a payment system under Section 11 of the Payment Systems (Regulation)
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/eftpos-decision.html
Banking, Issue and Other Functions
9 Mar 2023
RBA Annual Report
– 1980
The Bank accepted an invitation during the latter half of the year to join a newly established inter-bank committee, the Australian Banks' Payment Systems Committee. ... A substantial portion of the Board's seasonal financing requirements was met by the
https://www.rba.gov.au/publications/annual-reports/rba/1980/bank-issue-other-functions.html
Material Developments | 2014 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
underpin a central bank's monetary operations and it is therefore accepted that these should not be constrained by the Principles. ... Payments to the ‘concentration’ bank are made by settlement banks (known as PPS banks) on behalf of the clearing
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2014/material-developments.html
June 2013 | Assessment against the Financial Stability Standards for Central Counterparties of LCH.Clearnet Limited's SwapClear Service
9 Mar 2023
LCH is considering extending its list of acceptable collateral to AUD cash in conjunction with plans to open an Exchange Settlement Account (ESA) at the Bank. ... This is consistent with the requirement under the CCP Standards that bank guarantees should
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/lch/2013/lch-assess-2013-06.html
Standard 9: Central Securities Depositories | Appendix B2.2 Austraclear | 2012/13 Assessment of ASX Clearing and Settlement Facilities
9 Mar 2023
They include electronic certificates of deposit, electronic promissory notes and electronic bank-accepted bills of exchange. ... Paper securities are negotiable instruments and include some certificates of deposit, promissory notes and bills of exchange.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2012-2013/austraclear/standard-09.html
Attachment 1 | 2007/08 Assessment
9 Mar 2023
The RRR is currently $150 million and is held in the form of liquid assets – primarily bank bills and certificates of deposit. ... For 90-day bank bill futures, SFECC utilises the standard settlement process in Austraclear.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2007-2008/attachment1.html
Appendix A: Detailed Self-assessment | 2013 Self-assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
The Bank values securities accepted as collateral using available market prices, except for Commonwealth Government securities, which are valued using publicly available pricing formulae. ... maturity swap rate referenced to the 3-month Bank Bill Swap
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2013/appendix-a.html