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RBA Glossary definition for settlement

settlement – The discharge of obligations arising from fund transfers between two or more parties.

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The Australian Securities and Investments Commission's Review of the EFT Code of Conduct – April 2006 | Responses and Options Paper

8 May 2024 Submissions
It is generally accepted that operations of central counterparties and settlement systems are characterised by high fixed costs and low marginal transaction costs. ... The search for these efficiencies has led to consolidation of central counterparties
https://www.rba.gov.au/publications/submissions/payments-system/proposed-asx-sfe-merger/index.html

Supplementary Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2020 | Responses and…

8 May 2024 Submissions
only to a more limited range of wholesale market participants and/or restricted for use in specialised payment and settlement systems. ... A wholesale CBDC would be accessible only to a more limited range of participants and/or restricted for use in
https://www.rba.gov.au/publications/submissions/payments-system/supplementary-submission-technology-12-2020/index.html

Commonwealth of Australia: In the Australian Competition Tribunal – April 2004 | Payments System | Submissions

8 May 2024 Submissions
Effect on competition in the issuer/acquirer market. The applicants for review claim that, under the current regime, there is competition in a market for clearing and settlement of EFTPOS transactions.
https://www.rba.gov.au/publications/submissions/payments-system/au-competition-tribunal/index.html

Inquiry into Future Directions for the Consumer Data Right – April 2020 | Payments System | Submissions

8 May 2024 Submissions
The NPP provides the clearing and settlement infrastructure through which financial institutions can provide their household, business and government customers with the ability to make fast, versatile and data-rich payments
https://www.rba.gov.au/publications/submissions/payments-system/future-directions-for-the-consumer-data-right/index.html

Submission to Payments System Review – January 2021 | Responses and Options Paper

8 May 2024 Submissions
AusPayNet develops and administers rules and standards governing payments clearing and settlement in Australia, specifically in relation to cards, cheques, direct debits and credits, and high-value payments, as well as ... The Bank has an MOU with
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html

Proposed Merger Between Armaguard and Prosegur – April 2023 | Responses and Options Paper

8 May 2024 Submissions
clearance of payment messages, and the final settlement of value between intermediaries providing payment services’ (emphasis added) and indicates that the definition of payment system is ‘not meant to refer merely
https://www.rba.gov.au/publications/submissions/payments-system/proposed-merger-armaguard-and-prosegur-submission-april-2023/index.html

Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2019 | Payments System | Submissions

28 Dec 2019 Submissions
and security risks associated with clearing activities’, but that it could be removed for settlement participants. ... When applied to delivery-versus-payment, this can reduce settlement risk as a payment and corresponding asset can be exchanged
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/index.html

Figure 8.1 | Submission to the Financial System Inquiry – March 2014

19 Mar 2019 Submissions
4 billion from ASX Settlement and. 3 billion from retail payment systems. ... 7 billion settled in CLS,. 2 billion in ASX Settlement and.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/graphs/figure-8.1.html

Submission on Data Sharing and Release Legislation – August 2018 | Data Sharing | Submissions

1 Aug 2018 Submissions
Corporations Act 2001. dealing with licensing and regulation of clearing and settlement facilities; or. ... Similar concerns would relate to data resulting from the Bank's operation of the interbank payments settlement system (the Reserve Bank
https://www.rba.gov.au/publications/submissions/other/data-sharing-and-release-legislation/

Competition in the Payments System | Submission to the Productivity Commission Inquiry – September 2017 | Financial Sector | Submissions

6 Sep 2017 Submissions
The PSB is responsible for the Reserve Bank's payments system policy, including in relation to clearing and settlement facilities. ... systems and clearing and settlement facilities, where safety and stability are more critical.
https://www.rba.gov.au/publications/submissions/financial-sector/competition-in-the-financial-system/competition-in-the-payments-system.html