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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Market Operations Resources – Interest Rate Benchmark Reform in Australia
10 Mar 2023
Interest rate benchmarks are widely relied upon in global financial markets. They are referenced in contracts for derivatives, loans and securities. Reforms have also been undertaken to enhance the robustness of these benchmarks.
https://www.rba.gov.au/mkt-operations/resources/interest-rate-benchmark-reform.html
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9 Mar 2023
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https://www.rba.gov.au/copyright/
General Background | 2013 Self-assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
RITS was developed to address the settlement risk associated with high-value interbank payments. ... The aggregate of opening ESA balances ultimately has been determined by the Bank's open market operations, which are aimed at maintaining the overnight
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2013/background.html
Appendix A: Background Information | 2015 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
normal banking hours), those ESA balances are compensated at the cash rate target. ... However, to preserve the incentive for RITS participants to remain active in the interbank cash market while it is open, surplus ESA funds earn a rate 25 basis points
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2015/appendix-a.html
Material Developments | 2014 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
required interbank settlement were settled in the 9.00 am batch each business day. ... Open market operations, which are aimed at maintaining the overnight cash rate at its target, involve a combination of term repos and some outright transactions.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2014/material-developments.html
Appendix A: Background Information | 2020 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
Interest would then be charged at 25 basis points above the cash rate target. ... subject to the DE allowance) earn a rate rate 15 basis points below the cash rate target, while any shortfall in funds incurs a 25 basis point charge.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2020/appendix-a.html
Appendix A: Background Information | 2018 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
RITS also facilitates the multilateral net settlement of interbank obligations arising from other systems (Table A.4). ... Interest would then be charged at 25 basis points above the cash rate target.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2018/appendix-a.html
Appendix A: Background Information | 2022 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
economic and financial activity, and unprecedented levels of system liquidity depressed interbank lending activity. ... 7:30 am - 8:45 am. Interbank Austraclear transactions. eftpos batch transactions. Cash transfers.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2022/appendix-a.html
Appendix A: Background Information | 2017 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
Interest would then be charged at 25 basis points above the cash rate target. ... normal banking hours), those ESA balances are compensated at the cash rate target.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2017/appendix-a.html
Appendix A: Background Information | 2021 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
RITS also facilitates the multilateral net settlement of interbank obligations arising from other systems (Table A.2). ... Interest would then be charged at 25 basis points above the cash rate target.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2021/appendix-a.html