Australian Payments Clearing Association
- Australian Payments Clearing Association
The Australian Payments Clearing Association (APCA), established February 1992, is an organization that sets, manages and develops regulations, procedures and standards governing payments clearing and settlement within Australia. The APCA is a public company owned by banks, building societies and credit unions.
APCA's Objectives
APCA's stated mission is "to achieve and maintain international best practice in the operation of the Australian payments clearing system."
APCA's role is to manage and develop the Australian payments clearing system, so as to:
* preserve the integrity of the system;
* identify and control settlement risk;
* improve the effectiveness and efficiency of the system;
* ensure principles of equity and competitive neutrality are applied in determining participation in the system;
* facilitate the co-ordination of payments clearing arrangements among providers of payment services; and
* assist the community's understanding of the system and ensure that public debate is well informed.
External links
* [http://www.apca.com.au/ APCA website]
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