Search: charge card
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RBA Glossary definition for charge card
charge card – A charge card is a card whose holder has been granted a non-revolving credit line enabling the holder to make purchases and possibly make cash advances. A charge card does not offer extended credit; the full amount of any debt incurred must be settled at the end of a specified period.
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Household and Business Finances
8 Apr 2022
FSR
– April 2022
However, the value of BNPL transactions remains relatively small compared to other forms of personal finance, with the value of domestic personal credit and charge card purchases on Australian-issued cards ... other adjustments to their finances such as
https://www.rba.gov.au/publications/fsr/2022/apr/household-business-finances.html
Household and Business Finances
4 Oct 2019
FSR
– October 2019
The progressive expansion of Comprehensive Credit Reporting to cover mortgages, as well as credit cards, is unlikely to meaningfully reduce credit supply. ... are charged if payments are missed and some providers charge regular account keeping or payment
https://www.rba.gov.au/publications/fsr/2019/oct/household-business-finances.html
Regulatory Developments
4 Oct 2019
FSR
– October 2019
The intervention targets a business model whereby associates of short-term credit providers charge significant upfront, ongoing and default fees. ... The code includes a commitment to not charge fees to deceased consumers, as well as changes that reflect
https://www.rba.gov.au/publications/fsr/2019/oct/regulatory-developments.html
The Australian Financial System
10 Apr 2018
FSR
– April 2018
a decline in the charge for bad and doubtful debts to historically low levels. ... The recent benefits to profit growth from a widening of the NIM and falling bad debt charges are expected to fade, especially if short-term wholesale spreads remain
https://www.rba.gov.au/publications/fsr/2018/apr/australian-financial-system.html
The Australian Financial System
20 Oct 2015
FSR
– October 2015
Although credit card and personal lending is riskier, it represents only a small share of banks' total domestic loans. ... As expected, the bad and doubtful debt charge rose from its historically low level as a share of total assets, with some banks
https://www.rba.gov.au/publications/fsr/2015/oct/aus-fin-sys.html
The Australian Financial System
10 Mar 2015
FSR
– March 2015
If an ADI does not meet these expectations, it will face heightened supervisory actions, possibly including additional capital charges. ... This is despite the expectation that profits will not be boosted by further reductions in bad and doubtful debt
https://www.rba.gov.au/publications/fsr/2015/mar/aus-fin-sys.html
Developments in the Financial System Architecture
10 Mar 2015
FSR
– March 2015
In terms of the EU's counterparty credit risk framework, derivatives exposures to certain counterparties are exempt from credit valuation adjustment (CVA) capital charges. ... On retail payment systems, the Report addresses issues related to card
https://www.rba.gov.au/publications/fsr/2015/mar/dev-fin-sys-arch.html
The Australian Financial System
10 Sep 2014
FSR
– September 2014
In addition to their current low bad and doubtful debt charges, the major banks' higher profitability relative to international peers appears to partly reflect operational efficiencies – the cost-to-income ratios ... This is partly because bad and
https://www.rba.gov.au/publications/fsr/2014/sep/aus-fin-sys.html
The Australian Financial System
10 Mar 2014
FSR
– March 2014
The major banks' profitability was supported by a decline in their bad and doubtful debt charges. ... Foreign-owned banks' profit increased in their latest half-yearly results, reflecting large declines in bad and doubtful debt charges and operating
https://www.rba.gov.au/publications/fsr/2014/mar/aus-fin-sys.html
The Australian Financial System
10 Sep 2013
FSR
– September 2013
However, profitability was supported by a decline in the major banks' bad and doubtful debt charges. ... while a decrease in the charge for bad and doubtful debts contributed to higher profits at foreign subsidiaries.
https://www.rba.gov.au/publications/fsr/2013/sep/aus-fin-sys.html