Exchange Settlement Account definition

Exchange Settlement Account means, as applicable:
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Exchange Settlement Account means an account held at the Reserve Bank of Australia which is used for the final settlement of obligations between Exchange Settlement Account holders.
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Exchange Settlement Account means an account so entitled opened and maintained by ASL with the Reserve Bank of Australia.
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Examples of Exchange Settlement Account in a sentence

  • ESA (for Exchange Settlement Account) in relation to a Member means the deposit account with the RBA in the name of that Member established before the Rewrite Adoption Date or opened under clause 18.1. The ESA in relation to the RBA will be the account operated under clause 18.6. The balance of the ESA is equal to the balance of the RITS Allocation plus the balance of the FSS Allocation.

  • Settlement in Australia is achieved through transfers of Exchange Settlement Account balances held with the RBA.

  • Settlement between financial institutions in Australia is achieved through transfers of their Exchange Settlement Account (ESA) balances held with the Reserve Bank of Australia (RBA).

  • The multilateral net settlement of transactions and the related payments between the Members are made through the Exchange Settlement Account, which shall not be used for any other purposes.

  • The well which exceeded the 15-year timeframe was located downgradient of the recently installed permeable reactive barrier and it may take some time for the effect of the barrier to be observed at this location.

  • Settlement accounts are administered through the Exchange Settlement Account System (ESAS).

  • It also 1 An example of an FMI processing significant transaction flows is the Exchange Settlement Account System (ESAS), operated by the Reserve Bank, is a real time large value inter-bank payment system.

  • Further, penal godown rent (double the normal godown rent) will be charged after the expiry of the permitted period of one month from the date of free period till the party finally lifts the stocks.• Direct Transfer/RTGS to Exchange Settlement Account having following details A/c Name – NCDEX e Market LimitedA/C Name – NCDEX e Market Ltd, Bank – HDFC Bank; Bank A/c no.- 00990690013043; Branch –Fort Branch, Mumbai; IFSC Code – HDFC0000060.

  • Where money settlements take place in Australian dollars, a central counterparty should only utilise an authorised deposit-taking institution (ADI) that holds an Exchange Settlement Account at the Reserve Bank and has been approved to act as an agent for RTGS payments by the Australian Prudential Regulation Authority.

  • Members can participate in BECS in two capacities according to whether they directly clear and settle using an Exchange Settlement Account (Tier 1 members) or appoint a representative to clear and settle on their behalf (i.e. indirectly clear and settle) (Tier 2 members).


More Definitions of Exchange Settlement Account

Exchange Settlement Account means an exchange settlement account held with the RBA.
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Related to Exchange Settlement Account

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.