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RBA Glossary definition for LCR

LCR – Liquidity Coverage Ratio

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ABA submission

28 Sep 2023 PDF 303KB
Over the same period, existing or enhanced LCR initiatives can increase take up of LCR from current levels in a more cost effective way. ... It will not change other factors like complexity that may be inhibiting take up of some forms of LCR to date.
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/aba.pdf

Australian Payments Plus - Submission

28 Sep 2023 PDF 284KB
Australian debit card market. AP+ anticipates that LCR for mobile wallet transactions will also. ... merchant payment costs. We have seen through the progressive implementation of LCR functionality for.
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/aus-payment-plus.pdf

NAB Submission

28 Sep 2023 PDF 778KB
network routing preferences by payment service providers in Australia via LCR/MCR implementations means that it is unnecessary to seek to change the priorities set on card EMV chips. ... their merchant customers (such as by moving them to an LCR plan)?
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/nab.pdf

Australian Small Business and Family Enterprise Ombudsman Submission

28 Sep 2023 PDF 180KB
government policies enforce merchant choice of routing or LCR for all payment-form factors so that small business merchants pay the least-cost merchant fees. ... Bank expects that LCR should be made available for mobile wallet transactions, in addition
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/australian-small-business-and-family-enterprise-ombudsman.pdf

Stripe Response to RBA Consultation on DNDC and Tokenization 2023

28 Sep 2023 PDF 219KB
We share the view that tokenization of transactions should not be a barrier to LeastCost Routing (LCR) of dual network debit cards, inhibit competition or diminish the widerefforts by the RBA
https://www.rba.gov.au/payments-and-infrastructure/submissions/the-australian-debit-card-market-default-settings-and-tokenisation/stripe.pdf

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

27 Sep 2023 PSB Annual Report – 2023
IRD. Interest rate derivative. LCR. Least-cost routing. LVCS. Low Value Clearing Service.
https://www.rba.gov.au/publications/annual-reports/psb/2023/abbreviations.html

About the Payments System Board

27 Sep 2023 PSB Annual Report – September 2023
About the Payments System Board | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/about-the-payments-system-board.html

Least-cost Routing of Debit Card Transactions

17 Aug 2023
Links to Least-cost Routing of Debit Card Transactions
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/least-cost-routing/

Payments System Board Update: August 2023 Meeting

17 Aug 2023 Media Releases
Today's Payments System Board meeting discussed the annual Assessment of the ASX clearing and settlement facilities against the Financial Stability Standards, the oversight of international financial market infrastructures, prominent payment systems,
https://www.rba.gov.au/media-releases/2023/mr-23-20.html