Payments System Board Annual Report – 2018 Abbreviations

ACCC Australian Competition and Consumer Commission
AML/CTF Anti-money laundering/counter terrorism financing
API Application programming interface
APRA Australian Prudential Regulation Authority
ASIC Australian Securities and Investments Commission
ASX Australian Securities Exchange
ASX Clear ASX Clear Pty Limited
ASX Clear (Futures) ASX Clear (Futures) Pty Limited
ASX Settlement ASX Settlement Pty Limited
ATM Automated teller machine
AUD Australian Dollar
AusPayNet Australian Payment Network
AUSTRAC Australian Transaction Reports and Analysis Centre
BETF Black Economy Taskforce
BIS Bank for International Settlements
BKBM Bank bill benchmark
CBDC Central bank digital currency
CCP Central counterparty
CFR Council of Financial Regulators
CHESS Clearing House Electronic Sub-register System
Chi-X Chi-X Australia Pty Ltd
CLS CLS Bank International
CMA Competition and Markets Authority (UK)
CME Chicago Mercantile Exchange Inc.
CNP Card-not-present
CP Card present
CPMI Committee on Payments and Market Infrastructure
CPS Consumer Payments Survey
CS Clearing and settlement
DA Digital Asset Holdings
DCE Digital currency exchange
DLT Distributed ledger technology
DTA Digital Transformation Agency
EMEAP Executives' Meeting of East Asia-Pacific Central Banks
ePAL eftpos Payments Australia Limited
ES Exchange settlement
EU European Union
Fintech Financial technology
FMI Financial market infrastructure
FPS Faster Payments Service
FX Foreign exchange
ICO Initial coin offering
IOSCO International Organisation of Securities Commissions
IRD Interest rate derivatives
IRS Interest rate swaps
LCH Ltd LCH Limited
LCR Least-cost routing
MoU Memorandum of Understanding
NPP New Payments Platform
NPPA NPP Australia Limited
NZD New Zealand Dollar
OTC Over-the-counter
PEXA Property Exchange Australia Limited
PFMI Principles for Financial Market Infrastructure
PPFs Purchased payment facilities
PPS Protected Payments System
PSD2 Revised Directive on Payment Services
RBA Reserve Bank of Australia
RITS Reserve Bank Information and Transfer System
RTGS Real-time Gross Settlement
RTS Regulatory Technical Standard
SCA Strong customer authentication
SEPA Single Euro Payments Area
SSF Securities settlement facility
SST Supervisory stress test
UK United Kingdom
US United States