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RBA Glossary definition for HVCS

HVCS – High-value Clearing System operated by Australian Payments Network (AusPayNet)

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2.3 Banking and Payment Services

19 Oct 2023 RBA Annual Report – October 2023
Banking and Payment Services | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/banking-and-payment-services.html

2.1 Annual Performance Statement for 2022/23

19 Oct 2023 RBA Annual Report – October 2023
Annual Performance Statement for 2022/23 | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/annual-performance-statement.html

Abbreviations

27 Sep 2023 PSB Annual Report – 2023
HVCS. High Value Clearing System. IOSCO. International Organization of Securities Commissions.
https://www.rba.gov.au/publications/annual-reports/psb/2023/abbreviations.html

Payments System Regulation and Policy Issues

27 Sep 2023 PSB Annual Report – September 2023
Payments System Regulation and Policy Issues | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/payments-system-regulation-and-policy-issues.html

Abbreviations

28 Sep 2022 PSB Annual Report – 2022
FSB. Financial Stability Board. FSS. Fast Settlement Service. HVCS. High Value Clearing System.
https://www.rba.gov.au/publications/annual-reports/psb/2022/abbreviations.html

Payments System Regulation and Policy Issues

28 Sep 2022 PSB Annual Report – September 2022
The HVCS is used by financial institutions to process high-value payments, correspondent banking flows and the Australian dollar leg of foreign exchange transactions. ... HVCS payments will begin transitioning to the ISO 20022 format from November 2022,
https://www.rba.gov.au/publications/annual-reports/psb/2022/payments-system-regulation-and-policy-issues.html

Abbreviations

21 Oct 2021 PSB Annual Report – 2021
FSB. Financial Stability Board. FSS. Fast Settlement Service. HVCS. High Value Clearing System.
https://www.rba.gov.au/publications/annual-reports/psb/2021/abbreviations.html

Retail Payments Regulation and Policy Issues

21 Oct 2021 PSB Annual Report – 2021
the ISO 20022 format, but other HVCS transactions can continue to use the existing message formats. ... The adoption of ISO 20022 for the HVCS is expected to provide a number of benefits.
https://www.rba.gov.au/publications/annual-reports/psb/2021/retail-payments-regulation-and-policy-issues.html

Abbreviations

15 Oct 2020 PSB Annual Report – 2020
FSS. Fast Settlement Service. HVCS. High Value Clearing System. IBOR. Interbank offered rate.
https://www.rba.gov.au/publications/annual-reports/psb/2020/abbreviations.html

Retail Payments Regulation and Policy Issues

15 Oct 2020 PSB Annual Report – 2020
The Conclusions Paper confirmed that the scope of the domestic migration would be the High Value Clearing System (HVCS), which is used by financial institutions to clear high-value customer payments, ... ISO 20022 format, but other HVCS transactions can
https://www.rba.gov.au/publications/annual-reports/psb/2020/retail-payments-regulation-and-policy-issues.html