Payments System Board Annual Report – 2021 Abbreviations

ABN Australian Business Number
ABS Australian Bureau of Statistics
ACCC Australian Competition and Consumer Commission
ADI Authorised deposit-taking institution
APC Australian Payments Council
APRA Australian Prudential Regulation Authority
ARNECC Australian Registrars' National Electronic Conveyancing Council
ASIC Australian Securities and Investments Commission
ASX Australian Securities Exchange
ASXFS ASX Financial Settlements Pty Limited
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
BBSW Bank bill swap rate
BCBS Basel Committee on Banking Supervision
BETF Black Economy Taskforce
BNPL Buy now, pay later
CAC Act Commonwealth Authorities and Companies Act 1997
CBDC Central bank digital currency
CCP Central counterparty
CDR Consumer Data Right
CFR Council of Financial Regulators
Chi-X Chi-X Australia Pty Ltd
CME Chicago Mercantile Exchange Inc.
CNP Card-not-present
CLS CLS Bank International
CPMI Committee on Payments and Market Infrastructures
CPS Consumer Payments Survey
CRC Digital Finance Cooperative Research Centre
CS Clearing and settlement
DE Direct Entry system
DLT Distributed ledger technology
DNDC Dual-network debit card
EMEAP Executives' Meeting of East Asia-Pacific Central Banks
ETO Exchange-traded option
EUR Euro
FEX FEX Global Pty Ltd
FINMA Swiss Financial Market Supervisory Authority
Fintech Financial technology
FMI Financial market infrastructure
fmiCBCM FMI Cross Border Crisis Management Group
FRA Forward rate agreements
FSB Financial Stability Board
FSS Fast Settlement Service
HVCS High Value Clearing System
IBOR Interbank offered rate
ISO International Organization for Standardization
IOSCO International Organisation of Securities Commissions
IRD Interest rate derivatives
IRS Interest Rate Swaps
LCH Ltd LCH Limited
LCR Least-cost routing
LIBOR London interbank offered rate
MOG Multilateral Oversight Group for Euroclear Bank
MOU Memorandum of Understanding
MTO Money transfer operator
NPP New Payments Platform
NPPA NPP Australia Limited
OG Oversight Group
OIS Overnight index swaps
OTC Over-the-counter
PEXA Property Exchange Australia Limited
PFMI Principles for Financial Market Infrastructure
POC Proof-of-concept
POS Point of sale
PSB Payments System Board
RBA Reserve Bank of Australia
RFR Risk-free rate
RITS Reserve Bank Information and Transfer System
RTGS Real-time Gross Settlement
SCA Strong customer authentication
SIPS Systemically important payment system
SSF Securities settlement facility
SVF Stored-value facility
SWIFT Society for Worldwide Interbank Financial Telecommunication
WGDI Working Group on Digital Innovations
WGPMI Working Group on Payments and Market Infrastructures