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.
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Changes to the Reserve Bank's Dealing Arrangements and the Prime Assets Requirements (PAR)
10 Jun 1997
Media Releases
Announcement of changes to the Reserve Bank's dealing arrangements and the Prime Assets Requirement (PAR)
https://www.rba.gov.au/media-releases/1997/mr-97-11.html
Reform of Interbank Payments
5 Apr 1995
Media Releases
Announces that after consulting with the banks and the Australian Payment Clearing Association (APCA), the RBA is now presenting a case for moving to a Real-time Gross Settlement (RTGS) payments system and proposes a means of achieving this
https://www.rba.gov.au/media-releases/1995/mr-95-05.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
RESERVE BANK OF AUSTRALIA FOREIGN EXCHANGE SETTLEMENTPRACTICES IN AUSTRALIA ...
18 Dec 1997
Media Release
PDF
268KB
be held against exchange rate risk, from the time that thetransaction is entered into until settlement). ... received with finality on value date because interbank settlementis not until the following business day.
https://www.rba.gov.au/media-releases/1997/pdf/fxsp.pdf
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
Cash Rate Total Return Index
9 May 2016
Media Releases
The Reserve Bank of Australia has commenced publishing a Cash Rate Total Return Index (TRI), which members of the public can use as a benchmark with a risk-free rate of return.
https://www.rba.gov.au/media-releases/2016/mr-16-12.html
Regulators Release Feedback on Financial Institutions' Preparation for LIBOR Transition
8 Apr 2020
Media Releases
London Interbank Offered Rate (LIBOR) – an initiative supported by the Australian Prudential Regulation Authority (APRA), and the Reserve Bank of Australia (RBA). ... We encourage all market participants to assess the extent of their use of LIBOR and
https://www.rba.gov.au/media-releases/2020/mr-20-12.html
Changes to the Reserve Bank's Domestic Market Operations in the Transition Phase to Real-time Gross Settlement
9 May 1996
Media Releases
Announces changes to the RBA's Domestic Markets Operations to be introduced in June to August 1986
https://www.rba.gov.au/media-releases/1996/mr-96-06.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
Statement by the Governor, Mr Bernie Fraser: Reduction in Interest Rates
23 Mar 1993
Media Releases
Announcement of reduction in the cash rate by 0.5 percent to 5.25 per cent
https://www.rba.gov.au/media-releases/1993/mr-93-05.html