Payments System Board Annual Report – 2024 Abbreviations

ACCC Australian Competition and Consumer Commission
AES Advanced Encryption Standard
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
BECS Bulk Electronic Clearing System
BIS Bank for International Settlements
BISIH BIS Innovation Hub
BNPL Buy now, pay later
CBDC Central bank digital currency
CCP Central counterparty
CFR Council of Financial Regulators
CIT Cash-in-transit
CLS CLS Bank International
CLS Settlement CLS payment-versus-payment settlement system
CME Chicago Mercantile Exchange Inc.
CPMI Committee on Payments and Market Infrastructures
CS facility Clearing and settlement facility
DFCRC Digital Finance Cooperative Research Centre
DNDC Dual-network debit card
eftpos Electronic funds transfer at point of sale
EMEAP Executives’ Meeting of East Asia-Pacific Central Banks
FCX FinClear Pty Ltd
FEX FEX Global Pty Ltd
FMI Financial market infrastructure
FSB Financial Stability Board
FSS Financial Stability Standards
HVCS High Value Clearing System
IOSCO International Organization of Securities Commissions
IRD Interest rate derivative
LCH LCH Limited
LCR Least-cost routing
MOU Memorandum of Understanding
NPP New Payments Platform
OG Oversight Group
OTC Over-the-counter
PFMI Principles for Financial Market Infrastructures
PSP Payment service provider
PSRA Payment Systems (Regulation) Act 1998
RBA Reserve Bank of Australia
RITS Reserve Bank Information and Transfer System
RTGS Real-time gross settlement
SOF Swift Oversight Forum
SSF Securities settlement facility
SSF Standards Financial Stability Standards for Securities Settlement Facilities
TDES Triple Data Encryption Standard