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RBA Glossary definition for basis point
basis point – A basis point is 1/100th of 1 per cent or 0.01 per cent, so 100 basis points (bps) is equal to 1 percentage point. The term is used in money and securities markets to define differences in interest or yield. If an interest rate were to increase from 2 per cent to 3 per cent, it is said to have risen by 100 basis points (bps) or one percentage point.
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Policy Options and Discussion | Review of Card Surcharging: A Consultation Document June 2011 | Consultations
7 Jun 2011
Consultations
What constitutes ‘reasonable’ in this case could be left unspecified. Alternatively, a level of tolerance could be defined more precisely, for instance in terms of basis points for credit cards.
https://www.rba.gov.au/publications/consultations/201106-review-card-surcharging/policy-options-discussion.html
Innovation Gaps in the Australian Payments System | Strategic Review of Innovation in the Payments System: Issues for Consultation June…
7 Jun 2011
Consultations
These are dealt with separately below. As discussed, Australia's main retail payment systems operate on a deferred settlement basis. ... for point-of-sale transactions and use of password-based verification systems for online transactions.
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/issues/innovation-gaps.html
Message Design Enhancements | ISO 20022 Migration for the Australian Payments System – Responses and Options Paper – September 2019
31 Dec 2002
Consultations
There was general agreement that the starting point for defining domestic credit message standards should be the internationally agreed HVPS+ guidelines for domestic real-time gross settlement (RTGS) systems (Figure 6). ... systems in Australia on an
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/message-design-enhancements.html
Background | Review of the Regulatory Framework for the EFTPOS System: Consultation on Options for Reform June 2012 | Consultations
8 Jun 2012
Consultations
In essence, the underlying transaction for EFTPOS and scheme debit is identical from the perspective of the cardholder at the point of sale – for both transactions, the funds are drawn from ... press the ‘credit’ button at the point of sale to
https://www.rba.gov.au/publications/consultations/201206-rev-reg-frmwrk-eftpos-sys/background.html
Key Features of Repo CCPs | Central Clearing of Repos in Australia: A Consultation Paper | Consultations
6 Mar 2015
Consultations
facilitating anonymous trading on exchange. delivering greater transparency. providing a focal point for regulation and oversight. ... worst possible case in terms of the settlement order and the point of default.
https://www.rba.gov.au/publications/consultations/201503-central-clearing-of-repos-in-australia/key-features-repo-ccp.html
The Australian Repo Market | Central Clearing of Repos in Australia: A Consultation Paper | Consultations
6 Mar 2015
Consultations
While there is no interest charge for securities returned before the end of the day, a significant penalty (usually 300 basis points) applies to all overnight transactions executed under the facility. ... The overnight repo rate on securities obtained
https://www.rba.gov.au/publications/consultations/201503-central-clearing-of-repos-in-australia/australian-repo-market.html
Strategic Issues – Scope of Migration | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019
31 Dec 2002
Consultations
Cards (eftpos, Mastercard, and Visa schemes) – used for retail point-of-sale and online payments. ... Table 1 shows the average value and volume processed through these channels on a daily basis.
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/strategic-issues-scope-of-migration.html
Glossary | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019
31 Dec 2002
Consultations
eftpos. Electronic funds transfer at point of sale. The eftpos system is a domestic debit card system managed by eftpos Payments Australia Limited. ... Line by line. The transaction is settled on an individual basis without being grouped or netted with
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/glossary.html
Strategic Issues – Project Governance | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019
31 Dec 2002
Consultations
The following governance principles, developed for the NPP project and formalised in the core criteria, may be an appropriate starting point for determining the governance framework of an ISO 20022 migration ... The project governance arrangements should
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/strategic-issues-project-governance.html
Access Framework | Review of the Regulatory Framework for the EFTPOS System: Consultation on Options for Reform June 2012 | Consultations
8 Jun 2012
Consultations
The starting point for considering the provisions of a potential new access regime for the EFTPOS system, as discussed in the following sections, is the provisions in the current Access Regime. ... Second, given that new entrants are now able to access
https://www.rba.gov.au/publications/consultations/201206-rev-reg-frmwrk-eftpos-sys/access-framework.html