Search: interbank overnight rate
RBA Glossary definition for interbank overnight rate
interbank overnight rate – The interbank overnight rate (also known as the cash rate) is the interest rate which banks pay or charge to borrow funds from or lend funds to other banks on an overnight unsecured basis. The Reserve Bank of Australia uses this rate as an operational target for the implementation of monetary policy. The Reserve Bank of Australia calculates and publishes this rate each day on the basis of data collected directly from banks. The interbank overnight rate has been published by the Reserve Bank of Australia since June 1998.
Search Results
December: 1997-Settlement Practices in the Australian Foreign Exchange Market
9 Mar 2023
Media Release
be required to be held against exchange rate risk, from the time that the transaction is entered into until settlement). ... have been disregarded and the time of interbank settlement in the relevant currency has been substituted.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/settlement-practices-aus-fx-market.html
Regulators expect Australian institutions to cease the use of LIBOR in new contracts before the end of 2021
4 Jun 2021
Media Releases
Regulators in Australia are reiterating the importance of ensuring a timely transition away from the London Interbank Offered Rate (LIBOR).
https://www.rba.gov.au/media-releases/2021/mr-21-10.html
List of Media Releases Provided by Telerate, Reuters and Bloomberg
18 Aug 2005
Media Releases
List of Media Releases Provided by Telerate, Reuters and Bloomberg
https://www.rba.gov.au/media-releases/2005/mr-05-09-attach.html
A Proposal for Implementing Real Time Gross Settlement in Australia (Media Release 1995-05 attachment 2)
13 Aug 2004
Media Release
PDF
178KB
rates. It is envisaged that overnight funds in the market would trade at an interest rate marginally higher than the rate the Reserve Bank pays on ES balances (in the same ... way as there is now a difference between the official and unofficial cash rates
https://www.rba.gov.au/media-releases/1995/pdf/mr-95-05-attach-2.pdf
Reform of Interbank Payments - A Proposal for Implementing Real Time Gross Settlement in Australia
5 Apr 1995
Media Releases
rates. It is envisaged that overnight funds in the market would trade at an interest rate marginally higher than the rate the Reserve Bank pays on ES balances (in the same ... way as there is now a difference between the official and unofficial cash rates
https://www.rba.gov.au/media-releases/1995/mr-95-05-attach-2.html
December: 1997-Glossary
9 Mar 2023
Media Release
BND. Brunei dollar. CAD. Canadian dollar. CHF. Swiss franc. CHIPS. Clearing House Interbank Payment System. ... LKR. Sri Lankan rupee. Market risk. The risk that an institution or other trader will experience a loss on a trade owing to an unfavourable
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/annex-e.html
December: 1997-Settlement Risk on Australian Dollar Transactions
9 Mar 2023
Media Release
However, some direct cross-rate trading does occur, albeit in low volumes, against other currencies. ... The real-time settlement of all interbank foreign exchange transactions in AUD will put Australia at world best practice.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/settlement-risk-aus-dollar-transactions.html
Final Incident Report RITS and FSS Incident – 12 October 2022
25 Nov 2022
Media Release
PDF
146KB
The LVSS is used to submit settlement instructions to RITS for interbank obligations arising from cheques, direct entry and retail card payments (other than Mastercard and eftpos scheme transactions). ... 3.4 Overnight processing. Overnight processing of
https://www.rba.gov.au/media-releases/2022/pdf/mr-22-40-final-incident-report-rits-and-fss-incident-12-october-2022.pdf
2022 Triennial Central Bank Survey Results for Foreign Exchange and Derivative Markets – Australia
28 Oct 2022
Media Releases
Around half of the average daily turnover of interest rate swaps in the Australian market reflected turnover in overnight indexed swaps (OIS). ... d) 2019 survey distinguished for the first time between overnight index swaps (OIS) and other interest rate
https://www.rba.gov.au/media-releases/2022/mr-22-35-tables.html
Regulators urge Australian institutions to adhere to the ISDA IBOR Fallbacks Protocol and Supplement
12 Oct 2020
Media Releases
Regulators and industry are taking further steps to transition away from LIBOR, which is expected to cease after the end of 2021.
https://www.rba.gov.au/media-releases/2020/mr-20-25.html