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RBA Glossary definition for direct debit
direct debit – A pre-authorised debit on the payer's bank account initiated by the recipient (payee).
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BIS and Central Bank Partners to Explore Protocols for Embedding Policy and Regulatory Compliance in Cross-border Transactions
5 Oct 2023
Media Releases
The BIS Innovation Hub Singapore Centre, Reserve Bank of Australia, Bank of Korea, Bank Negara Malaysia, and Monetary Authority of Singapore today launched Project Mandala.
https://www.rba.gov.au/media-releases/2023/mr-23-26.html
The Australian Debit Card Market: Default Settings and Tokenisation – Conclusions Paper
28 Sep 2023
Media Releases
The Reserve Bank of Australia has released a Conclusions Paper setting out the conclusions of its recent public consultation on options for further enhancing the competitiveness, efficiency and safety of Australia’s debit card market.
https://www.rba.gov.au/media-releases/2023/mr-23-24.html
Joint Letter of Expectations to ASX
29 Aug 2023
Media Release
PDF
118KB
reflect appropriately the legitimate interests of their direct and indirect participants and other relevant stakeholders.
https://www.rba.gov.au/media-releases/2023/pdf/mr-23-22-asic-rba-joint-letter-to-asx-clear-and-asx-settlement-cs-advisory-group.pdf
Payments System Board Update: August 2023 Meeting
17 Aug 2023
Media Releases
Today's Payments System Board meeting discussed the annual Assessment of the ASX clearing and settlement facilities against the Financial Stability Standards, the oversight of international financial market infrastructures, prominent payment systems,
https://www.rba.gov.au/media-releases/2023/mr-23-20.html
Promoting Competition in the Debit Card Market
21 Jun 2023
Media Releases
Mastercard and Visa have each given undertakings to the Reserve Bank that they will not engage in ‘tying conduct’ involving their debit and credit card products.
https://www.rba.gov.au/media-releases/2023/mr-23-15.html
The Australian Debit Card Market: Default Settings and Tokenisation – Issues Paper
16 Jun 2023
Media Releases
The Bank has released an Issues Paper outlining some options for further enhancing the competitiveness, efficiency and safety of Australia’s debit card market.
https://www.rba.gov.au/media-releases/2023/mr-23-14.html
Payments System Board Update: May 2023 Meeting
25 May 2023
Media Releases
Today’s Payments System Board meeting discussed the Bank’s targeted self-assessment of Australia's real-time gross settlement system against the relevant international standards, the pricing of New Payments Platform services, competition in the
https://www.rba.gov.au/media-releases/2023/mr-23-11.html
December: 1997-Currency Data
9 Mar 2023
Media Release
C indicates direct responsibility for settlement.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/annex-c.html
December: 1997-Glossary
9 Mar 2023
Media Release
Liquidity risk does not imply that a counterparty or participant is insolvent since it may be able to settle the required debit obligations at some time thereafter.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/annex-e.html
December: 1997-Settlement Practices in the Australian Foreign Exchange Market
9 Mar 2023
Media Release
Interestingly, not all institutions using a domestic correspondent for settling AUD transactions used a correspondent that was itself a direct clearer; that is, the correspondent in turn sometimes used a correspondent ... When the use of a related
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/settlement-practices-aus-fx-market.html