Search: exchange settlement account policy
RBA Glossary definition for settlement
settlement – The discharge of obligations arising from fund transfers between two or more parties.
RBA Glossary definition for Exchange Settlement Account
Exchange Settlement Account – An account held at the Reserve Bank of Australia by financial institutions to settle financial obligations arising from the clearing of payments.
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19 February 2020 Tony Richards Head of Payments Policy ...
19 Feb 2020
DOCX
95KB
19 February 2020. Tony Richards. Head of Payments Policy Department. Reserve Bank of Australia. ... We also act as settlement agent for many of our clients through our Exchange Settlement Account with the RBA.
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/cuscal.DOCX
Summary
11 Feb 2020
DOCX
175KB
This accounts for the 4% of merchants for whom MCR is not available.]. ... Q6: Is there a case for further policy action to enhance competition in the provision of acquiring services to merchants?
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/anz.DOCX