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RBA Glossary definition for OTC

OTC – over-the-counter

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Submission to the Financial System Inquiry - 6 September 1996 (Published as Occasional Paper No. 14)

25 Jul 2013 Submissions PDF 604KB
Banks are responsible for almost 90 per cent of foreign exchangedealing and around 80 per cent of over-the-counter (OTC) derivatives.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-1996/pdf/financial-system-inquiry-1996.pdf

The Impact of Hedge Funds on Financial Markets – June 1999 | Financial Sector | Submissions

1 Jun 1999 Submissions
But, in markets such as foreign exchange and over-the-counter (OTC) derivatives, where trading is decentralised and global in nature, individual countries can find it difficult to impose or police ... There is no predisposition at this stage to go to the
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-international-financial-markets-effects-on-govt-policy/impact-hedge-funds-on-financial-markets-1999.html