The Reserve Bank of Australia's role in the processing of payment instructions is to: calculate the total balance of payment instructions deposited with a bank. verify that a payment instruction can...

Extracted text: The Reserve Bank of Australia's role in the processing of payment instructions is to: calculate the total balance of payment instructions deposited with a bank. verify that a payment instruction can be honoured by the writer. prevent non-bank financial institutions from allowing their customers to be provided with access to non-cash payment instruments. to record net differences in each financial institutions ES account. • Previous Next