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
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
Attachment
1 Nov 2001
Media Release
PDF
31KB
These operations affect the balance of supply and demand for overnight funds and hence the overnight cash rate i.e. ... Since 23 January 1990, overnight cash rates have been reduced on eleven occasions as follows:.
https://www.rba.gov.au/media-releases/1992/pdf/mr-92-03-attach.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
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
Preparation for LIBOR transition ‘Dear CEO’ letter feedback
8 Apr 2020
Media Release
PDF
228KB
Media Release 2020-12
https://www.rba.gov.au/media-releases/2020/pdf/2020-12-public-feedback-preparation-for-libor-transition.pdf