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RBA Glossary definition for solvent institutions

solvent institutions – Institutions that maintain solvency (i.e. they can meet their financial obligations as they fall due).

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11 Feb 2020 DOC 93KB
Consumers should be able to cancel these by contacting only the relevant financial institution.
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/queensland-consumers-association.DOC