Payments System Board Annual Report – 2017 Abbreviations

ABS Australian Bureau of Statistics
ACCC Australian Competition and Consumer Commission
ADI Authorised deposit-taking institutions
API Application programming interface
APRA Australian Prudential Regulation Authority
ASIC Australian Securities and Investments Commission
ATM Automated Teller Machine
AUD Australian Dollar
AUSTRAC Australian Transaction Reports and Analysis Centre
CCP Central counterparty
CFR Council of Financial Regulators
CHESS Clearing House Electronic Sub-register System
CNP Card not present
CPMI Committee on Payments and Market Infrastructures
CPS Consumer Payments Survey
CS Clearing and settlement
DLT Distributed ledger technology
DMF Default management framework
EBA European Banking Authority
EMV Europay, Mastercard and Visa
ePAL eftpos Payments Australia Ltd
ETF Exchange traded fund
EU European Union
FAST Fast and Secure Transfers
FEX Financial and Energy Exchange
Fintech Financial technology
FMI Financial market infrastructures
FSS Fast Settlement Service
FX Foreign exchange
GRMA Global Master Repurchase Agreement
IFR Interchange Fee Regulation
IOSCO International Organization of Securities Commissions
IRD Interest Rate Derivatives
ISO International Organization for Standardization
KPI Key Performance Indicator
LVSS Low Value Settlement Service
MoU Memorandum of Understanding
NFC Near-field communication
NPP New Payments Platform
OG SWIFT Oversight Group
OTC Over-the-counter
PAN Primary account number
PEXA Property Exchange Australia Limited
PPS Protected Payments System
PSD2 Second Payment Services Directive
RBA Reserve Bank of Australia
RITS Reserve Bank Information and Transfer System
RTGS Real-time gross settlement
SEC Securities and Exchange Commission
SEPA Single Euro Payments Area
SSF Securities settlement facility
TIPS TARGET instant payment settlement
TSP Token service provider
UK United Kingdom
US United States
USD United States Dollar