2015/16 Assessment of ASX Clearing and Settlement Facilities Abbreviations

ADI authorised deposit-taking institution
AFR available financial resources
AIM additional initial margin
ALMO Approved Listing Market Operator
AMO Approved Market Operator
AONIA Australian overnight index average rate
APCA Australian Payments Clearing Association
APRA Australian Prudential Regulation Authority
ASIC Australian Securities and Investments Commission
ASXCC ASX Clearing Corporation Limited
AUD Australian dollar
BBSW bank bill swap rate
BCL Banque Centrale du Luxembourg
CALCO Capital and Liquidity Committee
CBPL capital-based position limit
CCMS centralised collateral management service
CCO Chief Compliance Officer
CCP central counterparty
CDI CHESS Depository Interest
CEO Chief Executive Officer
CFO Chief Financial Officer
CFR Council of Financial Regulators
CFTC US Commodity Futures Trading Commission
CHESS Clearing House Electronic Sub-register System
CIO Chief Information Officer
CMaX Collateral Management Exchange
CMM cash market margining
CPMI Committee on Payments and Market Infrastructures
CPRC Clearing Risk Policy Committee
CPRM Clearing Risk Policy and Management
CPSS Committee on Payment and Settlement Systems
CRA Counterparty Risk Assessment
CRO Chief Risk Officer
CROCC CCP Risk, Operations and Compliance Committee
CRPC Clearing Risk Policy Committee
CRQ Clearing Risk Quantification
CS clearing and settlement
CSP critical service provider
DAH Digital Asset Holdings
DBOR Daily Beneficial Ownership Report
DCO Derivatives Clearing Organization
DCS Derivatives Clearing System
DLR default liquidity requirement
DLT distributed ledger technology
DMC Default Management Committee
DMF Default Management Framework
DMG Default Management Group
DMP default management process
DMSG Default Management Steering Group
DPS Derivatives Pricing System
DSFs Deliverable Swap Futures
DvD delivery-versus-delivery
DvP delivery-versus-payment
EMIR European Regulation on OTC derivatives, central counterparties and trade repositories
EPSC Enterprise Portfolio Steering Committee
ERMC Enterprise Risk Management Committee
ESA Exchange Settlement Account
ESAS Exchange Settlement Account System
ESMA European Securities and Markets Authority
ETO exchange-traded option
EU European Union
EUR euro
FHSVaR Filtered Historical Simulation of Value at Risk
FMI financial market infrastructure
FSB Financial Stability Board
FSS Financial Stability Standards
GBP United Kingdom pound
GE Group Executive
HIN holder identification number
HLE High-level Expectation
HSVaR Historical Simulation of Value at Risk
ICR Internal Credit Rating
IMSG Implementation Monitoring Standing Group
IOSCO International Organization of Securities Commissions
IRD interest rate derivatives
IRS interest rate swaps
JPY Japanese yen
L3 Level 3
LEPOs low exercise price options
NSX National Stock Exchange of Australia
NTA net tangible assets
NZD New Zealand dollar
OTA offsetting transaction arrangement
OTC over-the-counter
PBC People's Bank of China
PFMI Principles for Financial Market Infrastructures
PIRC Participant Incident Response Committee
PMO Project Management Office
PSNA Payment Systems and Netting Act 1998
PSR price scanning range
PvP payment-versus-payment
RBNZ Reserve Bank of New Zealand
RITS Reserve Bank Information and Transfer System
RMB Chinese renminbi
RQG Risk Quantification Group
RTGS real-time gross settlement
S&P Standard & Poor
SIM SIM Venture Securities Exchange Limited
SOF SWIFT Oversight Forum
SPAN Standard Portfolio Analysis of Risk
SROCC SSF Risk, Operations and Compliance Committee
SRPC Settlement Risk Policy Committee
SSF securities settlement facility
SSX Sydney Stock Exchange Limited
STEL stress test exposure limit
SWIFT Society for Worldwide Interbank Financial Telecommunication
T+2 two-day settlement cycle
TAS Trade Acceptance Service
TORESS Total Return Single Stock
UK United Kingdom
US United States
USD US dollar
VaR value at risk
VSR volatility scanning range