2010/11 Assessment of Clearing and Settlement Facilities in Australia Glossary

ADI Authorised Deposit-taking Institution
AIM Additional Initial Margin
AMO Approved Market Operator
APRA Australian Prudential Regulation Authority
ASIC Australian Securities and Investments Commission
CAC Contributions and Additional Cover
CBPL Capital-based position limit
CEO Chief Executive Officer
CGF Clearing Guarantee Fund
CHESS Clearing House Electronic Sub-register System
CPSS Committee on Payment and Settlement Systems
CRO Chief Risk Officer
CS Clearing and settlement
DCS Derivatives Clearing System
DIRQ Derivatives Intraday Risk Quantification
DLR Default liquidity requirement
DMC Default Management Committee
DMF Default management framework
DVP Delivery-versus-payment
ES Exchange Settlement
EWMA Exponentially Weighted Moving Average
FEX Financial and Energy Exchange
FMI Financial market infrastructure
FSA UK's Financial Services Authority
FSS Financial Stability Standard
ICR Internal credit rating
IOSCO International Organization of Securities Commissions
LEPO Low exercise price option
NGF National Guarantee Fund
NTA Net tangible assets
OTC Over-the-counter
RITS Reserve Bank Information and Transfer System
RTGS Real-time gross settlement
SPAN Standard Portfolio Analysis of Risk
STEL Stress-test exposure limit
TAS Trade Acceptance Service
TIMS Theoretical Intermarket Margin System