Payments System Board Annual Report – 2025Abbreviations

ACCC Australian Competition and Consumer Commission
ADI authorised deposit-taking institution
AP+ Australian Payments Plus
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 Payments Network
AUSTRAC Australian Transaction Reports and Analysis Centre
Austraclear Austraclear Limited
BECS Bulk Electronic Clearing System
BIS Bank for International Settlements
CBDC central bank digital currency
CCP central counterparty
CFR Council of Financial Regulators
CHESS ASX’s Clearing House Electronic Subregister System
CLS CLS Bank International
CLS Settlement payment-versus-payment settlement system
CME Chicago Mercantile Exchange Inc.
CPMI Committee on Payments and Market Infrastructures
CS facility clearing and settlement facility
DNDC dual-network debit card
eftpos electronic funds transfer at point of sale
EMEAP Executives’ Meeting of East Asia-Pacific Central Banks
FEX FEX Global Pty Ltd
FMI financial market infrastructure
FSB Financial Stability Board
IOSCO International Organization of Securities Commissions
IPS International Payments Service
IRD interest rate derivative
LCH LCH Limited
LCR least-cost routing
MOU Memorandum of Understanding
NPP New Payments Platform
OG Oversight Group
OTC over-the-counter
PFMI Principles for Financial Market Infrastructures
RBA Reserve Bank of Australia
repo repurchase agreement
RITS Reserve Bank Information and Transfer System
SSF securities settlement facility