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Real-time Gross Settlement in Australia

Author

Listed:
  • Peter Gallagher

    (Reserve Bank of Australia)

  • Jon Gauntlett

    (Reserve Bank of Australia)

  • David Sunner

    (Reserve Bank of Australia)

Abstract

The introduction of real-time gross settlement (RTGS) in Australia in 1998 was a major reform to reduce risk in the Australian payments system. Since its introduction, the value of RTGS payments has grown by nearly 70 per cent and the number of these payments has more than doubled. The infrastructure is critical in facilitating the orderly settlement of payment obligations in Australia and it functioned smoothly during the recent global financial crisis.

Suggested Citation

  • Peter Gallagher & Jon Gauntlett & David Sunner, 2010. "Real-time Gross Settlement in Australia," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 61-69, September.
    • Handle: RePEc:rba:rbabul:sep2010-08
    as

    Download full text from publisher

    File URL: https://www.rba.gov.au/publications/bulletin/2010/sep/pdf/bu-0910-8.pdf
    Download Restriction: no
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    References listed on IDEAS

    as
    1. Crystal Ossolinski & Andrew Zurawski, 2010. "Global Foreign Exchange Turnover," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 45-48, March.
    2. Susan Black & Anthony Brassil & Mark Hack, 2010. "The Impact of the Financial Crisis on the Bond Market," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 55-62, June.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Andrey Sokolov & Rachel Webster & Andrew Melatos & Tien Kieu, 2012. "Loan and nonloan flows in the Australian interbank network," Papers 1202.3182, arXiv.org.
    2. Alexandra Baker & David Jacobs, 2010. "Domestic Market Operations and Liquidity Forecasting," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 37-44, December.
    3. Sokolov, Andrey & Webster, Rachel & Melatos, Andrew & Kieu, Tien, 2012. "Loan and nonloan flows in the Australian interbank network," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 391(9), pages 2867-2882.
    4. Adriarne Gatty & Sascha Fraser, 2014. "The Introduction of Same-day Settlement of Direct Entry Obligations in Australia," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 55-64, June.

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    2. Crystal Ossolinski & Andrew Zurawski, 2010. "The Financial Crisis through the Lens of Foreign Exchange Swap Markets," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 47-53, June.

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