Real-time Gross Settlement in Australia

Peter Gallagher, Jon Gauntlett and David Sunner
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Peter Gallagher: Reserve Bank of Australia
Jon Gauntlett: Reserve Bank of Australia
David Sunner: Reserve Bank of Australia

RBA Bulletin (Print copy discontinued), 2010, 61-69

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.

Keywords: Austraclear; Exchange Settlement Account; payments; RITS; RTGS; settlement; SWIFT (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (4)

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