Payments System Board Annual Report – 2026 Abbreviations

A2A account-to-account
ACCC Australian Competition and Consumer Commission
AP+ Australian Payments Plus
APRA Australian Prudential Regulation Authority
ASIC Australian Securities and Investments Commission
ASX Australian Securities Exchange
ATM automated teller machine
AusPayNet Australian Payments Network
BECS Bulk Electronic Clearing System
BIS Bank for International Settlements
CBDC central bank digital currency
CCP central counterparty
CDF Act Cash Distribution Framework Act 2026
CLS CLS Bank International
CoP Confirmation of Payee
CPMI Committee on Payments and Market Infrastructures
CS facility clearing and settlement facility
eftpos electronic funds transfer at point of sale
EMEAP Executives’ Meeting of East Asia-Pacific Central Banks
FSB Financial Stability Board
HVCS High Value Clearing System
IOSCO International Organization of Securities Commissions
IPS International Payments Service
IRD interest rate derivative
MOU Memorandum of Understanding
NPP New Payments Platform
OTC over-the-counter
PFMI Principles for Financial Market Infrastructures
PPF purchased payment facility
RBA Reserve Bank of Australia
RITS Reserve Bank Information and Transfer System
SSF securities settlement facility