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    • BECS Same Day Settlement

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    The BECS Same Day Settlement Project builds on the functionality of the Low Value Settlement Service to introduce settlement of direct entry obligations on the same day as the exchange of payment files.

    In consultation with APCA and RITS Members, a target implementation of end November 2013 has been set.

    The BECS Same Day Settlement - Information Note for RITS Members, October 2013 (PDF) provides information on RITS-related aspects of the move to same day settlement.

    The Introduction of Open RBA Repos - Test Guide for Counterparties, September 2013 (PDF) provides ESA holders with a guide for testing the new open repo arrangements with the Reserve Bank. In particular, this guide provides test scenarios relating to open repo trading and settlement, including end-of-month termination and re-initiation arrangements. The document also provides an overview of changes that ESA holders will see in RITS in relation to liquidity management.

    The BECS Same Day Settlement Presentation, October 2013 (PDF) summarises key changes being introduced into RITS to facilitate BECS Same Day Settlement.