Search: bank accepted bill of exchange
RBA Glossary definition for bank accepted bill of exchange
bank accepted bill of exchange – A bank accepted bill of exchange is a bill of exchange that lists a bank as the acceptor of the bill. As an acceptor, a bank has a liability to pay the holder the face value of the bill at maturity. In certain circumstances, the liability is contingent on the borrower, or drawer, defaulting.
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Domestic Market Dealing Arrangements
5 Sep 2002
Media Releases
RBA announces Continuous Linked Settlement (CLS) system for the settlement of foreign exchange transactions will commence on Monday 9 September 2002
https://www.rba.gov.au/media-releases/2002/mr-02-17.html
Statement by the Governor, Mr Ian Macfarlane
18 Feb 2000
Media Releases
Results of the review of the Reserve Bank of Australia's arrangements for releasing market-sensitive information
https://www.rba.gov.au/media-releases/2000/mr-00-06.html
December: 1997-Next Steps and Conclusions
9 Mar 2023
Media Release
That recommendation has been accepted by the Australian Government. Netting is a proven way of reducing settlement risk. ... The 1996 CPSS report reached the same conclusion and several banks have already achieved substantial reductions in the time that
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/next-steps-conclusions.html
December: 1997-Settlement Practices in the Australian Foreign Exchange Market
9 Mar 2023
Media Release
For most currencies, foreign exchange payments and receipts were made principally through the use of a nostro account held with another (correspondent) bank. ... As shown in Annex C to this report, the use of an unrelated correspondent bank was the most
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/settlement-practices-aus-fx-market.html
Research Project Exploring Use Cases for CBDC
2 Mar 2023
Media Releases
The Digital Finance Cooperative Research Centre and the Reserve Bank are announcing the use case proposals, along with their providers, which have been invited to participate in the live pilot, which will take place over the coming months.
https://www.rba.gov.au/media-releases/2023/mr-23-06.html
Same-day Settlement of Direct Entry Payments
25 Nov 2013
Media Releases
Starting from 25 November, the settlement of Direct Entry (DE) obligations between payments system participants is occurring on a same-day, rather than next-day, basis
https://www.rba.gov.au/media-releases/2013/mr-13-24.html
Independent Governance Review
11 Feb 2013
Media Release
PDF
740KB
Report for the Reserve Bank of Australia Special Committee
https://www.rba.gov.au/media-releases/2013/pdf/mr-13-01-igr-securency-npa.pdf
Changes to Eligible Securities and Margining for Domestic Market Operations
16 Nov 2011
Media Releases
There will no longer be a requirement for the issuing ADI to be an exchange settlement (ES) account holder with the Bank. ... The Bank will continue to revalue securities held under repo each business day.
https://www.rba.gov.au/media-releases/2011/mr-11-26.html
Domestic Market Dealing Arrangements
2 Mar 2009
Media Releases
The Reserve Bank has decided to continue with its expanded range of securities eligible for its repurchase operations
https://www.rba.gov.au/media-releases/2009/mr-09-04.html
Domestic Market Dealing Arrangements
6 Sep 2007
Media Releases
As a continuation of this trend, and after reviewing the range of international practice by other central banks, the Reserve Bank has decided to further widen the range of securities eligible ... bills and certificates of deposit issued domestically by
https://www.rba.gov.au/media-releases/2007/mr-07-14.html