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
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
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
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 | 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
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
Appendix B: Detailed Assessment of the Reserve Bank Information and Transfer System | 2014 Assessment of the Reserve Bank Information and…
9 Mar 2023
For ADI-issued securities with a residual maturity greater than one year, at least two major credit rating agencies must rate the security or the issuer. ... For operational simplicity, uniform haircut rates are set for broad groups of securities rather
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2014/appendix-b.html
Material Developments | 2020/21 Assessment of ASX Clearing and Settlement Facilities
9 Mar 2023
2020/21 Assessment of ASX Clearing and Settlement Facilities
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2020-2021/material-developments.html