Payments System Board Annual Report – 2023 Abbreviations

ACCC Australian Competition and Consumer Commission
AP+ Australian Payments Plus
APRA Australian Prudential Regulation Authority
ASIC Australian Securities and Investments Commission
ASX Clear ASX Clear Pty Limited
ASX Clear (Futures) ASX Clear (Futures) 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
BECS Bulk Electronic Clearing System
BIS Bank for International Settlements
BNPL Buy now, pay later
CBDC Central bank digital currency
CBL Clearstream Banking S.A.
CCP Central counterparties
CFR Council of Financial Regulators
CIT Cash-in-transit
CLS CLS Bank International
CME Chicago Mercantile Exchange Inc.
CPMI Committee on Payments and Market Infrastructures
CPS Consumer Payments Survey
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
FSB Financial Stability Board
FSS Fast Settlement Service
HVCS High Value Clearing System
IOSCO International Organization of Securities Commissions
IRD Interest rate derivative
LCR Least-cost routing
LVCS Low Value Clearing Service
LVSS Low Value Settlement Service
MOU Memorandum of Understanding
NPP New Payments Platform
OG Oversight Group
PFMI Principles for Financial Market Infrastructures
PPS Prominent payment systems
PSP Payment service provider
PSRA Payment Systems (Regulation) Act 1998
RFR Risk-free rate
RITS Reserve Bank Information and Transfer System
RTGS Real-time gross settlement
SSF Securities settlement facility