| ABCP |
asset-backed commercial paper |
| ABET |
Adult Basic Education and Training |
| ACSA |
Airports Company of South Africa |
| AGM |
annual general meeting |
| AIRB |
Advanced Internal Ratings-based |
| AJTP |
activity-justified transfer pricing |
| ALCO |
Asset and Liability Committee |
| ALM |
asset and liability management |
| ALSI |
all-share index |
| AMA |
Advanced Measurement Approach |
| AMP |
Advanced Management Programme |
| ASA |
Athletics South Africa |
| ATM |
automated teller machine |
| BA |
Banks Act |
|
BEE |
black economic empowerment |
| BESA |
Bond Exchange of South Africa |
| BMF |
Black Management Forum |
| BRMF |
Business Risk Management Forum |
|
CAPM |
Capital Adequacy Projection Model |
| CAGR |
compound annual growth rate |
| CAR |
capital adequacy ratio |
| CE |
chief executive |
| CEM |
current exposure method |
| CF |
commodities finance |
| CFO |
Chief Financial Officer |
| CFT |
combating of the financing of terrorist and related activities |
| CGU |
cash-generating unit |
| CMAT |
Client Management Assessment Tool |
| CMF |
Capital Management Framework |
| CMVU |
Credit Models Validation Unit |
| COE |
cost of equity |
| CPIX |
consumer price index excluding mortgage bond interest cost
|
| CPM |
Credit Portfolio Model |
| CRO |
Chief Risk Officer |
| CSI |
corporate social investment |
| CVaR |
credit value at risk |
|
DBSA |
Development Bank of South Africa |
| DCC |
divisional credit committee |
| DCM |
Debt Capital Markets |
| dEL |
downturn expected loss |
| DJSI |
Dow Jones World Sustainability Index |
| dLGD |
downturn loss-given default |
| DoL |
Department of Labour |
| DSTI |
deferred short-term incentive |
| dti |
Department of Trade and Industry |
| EAD |
exposure at default |
| EaR |
earnings at risk |
| Ecap |
economic capital |
| ECC |
Executive Credit Committee |
| ECM |
Equity Capital Markets |
| ED |
enterprise development |
| EDP |
Executive Development Programme |
| EE |
employment equity |
| EEF |
Employment Equity Forum |
| EFO |
Executive Financial Officer |
| EGC |
enterprise governance and compliance |
| EL |
expected loss |
| EME |
emerging microenterprise |
| EMTN |
European medium-term note programme |
| EP |
economic profit |
| EPS |
earnings per share |
| ERCO |
Enterprisewide Risk Committee |
| ERM |
enterprisewide risk management |
| ERMF |
Enterprisewide Risk Management Framework |
| ESAAMLG |
Eastern and Southern Africa Anti-money-laundering Group |
| ETDP |
Education and Training Development Practices |
| ETI |
Ecobank Transnational Incorporated |
| EVE |
economic value of equity |
| EVP |
employee value proposition |
| Exco |
executive committee |
|
FAIS |
Financial Advisory and Intermediary Services Act |
| FCL |
foreign currency loans |
| FCTR |
foreign currency translation reserve |
| FIC |
Financial Intelligence Centre |
| FICA |
Financial Intelligence Centre Act |
| forex |
foreign exchange |
| FSC |
Financial Sector Charter |
|
FTE |
fulltime equivalent |
| FTP |
funds transfer pricing |
| FVTPL |
fair value through profit or loss |
| FX |
foreign exchange |
|
GAC |
Group Audit Committee |
| GCC |
Group Credit Committee |
|
GCRF |
Group Credit Risk Management Framework |
| GCRM |
Group Credit Risk Monitoring |
| GDP |
gross domestic product |
| GIA |
Group Internal Audit
|
| GIBS |
Gordon Institute of Business |
| GMRM |
Group Market Risk Monitoring |
| GORF |
Group Operational Risk Management Framework |
| GORM |
Group Operational-risk Monitoring |
| GRI |
Global Reporting Initiative |
| GT |
Group Technology |
|
HC |
headcount
|
|
HCD |
human capital development |
| HEPS |
headline earnings per share |
| HR |
Human Resources |
| HVCRE |
high-volatility commercial real estate |
| IAS |
International Accounting Standards |
| IASB |
International Accounting Standards Board |
| ICAAP |
internal capital adequacy assessment process |
| IEP |
International Executive Programme |
| IFRIC |
International Financial Reporting Interpretations Committee |
| IFRS |
International Financial Reporting Standards |
| INSEAD |
Institute of Risk Management South Africa |
| IPRE |
income-producing real estate |
| IRB |
internal ratings-based |
| IRMSA |
Institute of Risk Management South Africa |
| IRRBB |
interest rate risk in the banking book |
| ISDA |
International Swaps and Derivatives Association |
| ISLA |
International Securities Lending Association |
| ISMA |
International Security Management Association |
| IT |
information technology |
| ITBLP |
Information Technology Banking Learnership Programme |
| JIBAR |
Johannesburg Interbank Agreement Rate |
| JV |
joint venture |
| KRI |
key risk indicator |
| LDP |
Leadership Development Programme |
| LGD |
loss-given default |
| LSM |
Living Standards Measure |
| LTI |
long-term incentive |
| LTV |
loan to value |
|
M |
maturity
|
|
M&A |
mergers and acquisitions |
|
MAP |
Management Advancement Programme |
| MDP |
Management Development Plan |
| MFC |
Motor Finance Corporation |
| MIP |
Matched Investment Plan
|
| MIS |
management information system |
| MLCP |
Money-laundering Control Programme |
| MTM |
mark-to-market |
| NAV |
net asset value |
| NBCV |
Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika |
| NBS |
Natal Building Society |
|
NBSA |
Netherlands Bank of South Africa |
| NBZA |
Nederlandsche Bank voor Zuid-Afrika |
| NCA |
National Credit Act |
| NCD |
negotiable certificate of deposit |
| NEEF |
Nedbank Employment Equity Forum |
| NEI |
Nedbank ethics indicator |
| NGO |
Non-governmental organisation |
| NGR |
Nedbank Group rating |
| NIB |
Nedcor Investment Bank |
| NII |
net interest income |
|
NIR |
non-interest revenue |
| NPA |
non-performing advance |
| NPO |
non-profitable organisation |
| npv |
net present value |
| NTR |
Nedbank transaction rating |
|
OF |
object finance |
|
OMART |
Old Mutual Alternative Risk Transfer Fund |
| OMSA |
Old Mutual South Africa |
| Opcom |
Group Operations Committee |
| OTC |
over the counter
|
|
PASA |
Payment Association of South Africa |
| P & L |
profit and loss |
| PD |
probability of default |
| PIC |
Public Investment Corporation |
| PIP |
property in possession |
| PF |
project finance |
| POS |
point of sale |
| PRP |
Prince's Rainforest Project |
| PSL |
Premier Soccer League |
| PWD |
People With Disabilities |
|
QSE |
qualifying small enterprise
|
|
RAPM |
risk-adjusted performance measurement |
| ROA |
return on assets |
| ROE |
return on equity |
| RORAC |
return on risk-adjusted capital |
| RWA |
risk-weighted asset
|
|
SA |
Standardised Approach |
|
SADC |
South African Development Community |
| SAFEX |
South African Futures Exchange |
| SAR |
share appreciation right |
| SARB |
South African Reserve Bank |
| SARS |
South African Revenue Service |
| SBPR |
share-based payments reserve |
| SCP |
Strategic Capital Plan |
| SENS |
Securities Exchange News Service |
| SFT |
securities financing transaction |
| SLDP |
Senior Leadership Development Programme |
| SMB |
Strategic Management in Banking |
| SME |
small and medium enterprise |
| SOA |
service-oriented architecture |
| SPE |
special-purpose entity |
| SPV |
special-purpose vehicle |
| SREP |
supervisory review and evaluation process |
| SRI |
Socially Responsible Investment |
| SST |
self-service terminal |
| STC |
secondary tax on companies |
| STI |
short-term incentive |
|
TIP |
transactional and investment products |
| TOPP |
Training Outside Public Practice |
| TRAHRCO |
Transformation and HR Committee |
| TTC |
through the cycle
|
|
UK LTIP |
United Kingdom long-term incentive plan |
| UN |
United Nations |
| UNEP FI |
United Nations Environment Programme Finance Initiatives |
| USD |
United States dollar |
| VAF |
vehicle and asset finance |
| VaR |
value at risk |
| VAT |
value-added tax |
| WBS |
Wits Business School |
| WSP |
Workplace Skills Plan |
| WWF |
WorldWide Fund for Nature |
| WWFSA |
WorldWide Fund for Nature – South Africa |
| YOY |
year-on-year |
