| ACCC |
Australian Competition and Consumer Commission |
| Acquirer |
an institution that provides a merchant with facilities to accept card payments,
accounts to the merchant for the proceeds and clears and settles the resulting
obligations with card issuers |
| ADI |
authorised deposit-taking institution |
| APCA |
Australian Payments Clearing Association Limited |
| APRA |
Australian Prudential Regulation Authority |
| ASIC |
Australian Securities and Investments Commission |
| ASTC |
ASX Settlement and Transfer Corporation |
| ASX |
Australian Stock Exchange |
| ASTC |
ASX Settlement and Transfer Corporation |
| ATM |
Automated Teller Machine |
| Austraclear |
a securities clearing and settlement system |
| Card issuer |
an institution that provides its customers with debit or credit cards |
| CHESS |
Clearing House Electronic Subregister System |
| Clearing |
the process of transmitting, reconciling and in some cases confirming payment
instructions prior to settlement; it may include netting of instructions
and the calculation of final positions for settlement |
| CLS Bank |
Continuous Linked Settlement Bank |
| Designation |
the formal notification of action taken to exercise powers conferred by
legislation |
| Direct debit |
a pre-authorised debit on the payer's bank account initiated by the
recipient |
| DvP |
Delivery-versus-Payment |
| EFTPOS |
Electronic Funds Transfer at Point of Sale |
| Interchange fee |
a fee paid between card issuers and acquirers when cardholders make transactions |
| OCH |
Options Clearing House |
| PvP |
Payment-versus-Payment |
| RTGS (real-time gross settlement) |
a payment system in which processing and settlement take place in real time
(continuously) |
| Settlement |
the discharge of obligations arising from fund transfers between two or
more parties |
| SFE |
Sydney Futures Exchange |
| SFECC |
Sydney Futures Exchange Clearing Corporation |
