| ABCP |
asset-backed commercial paper |
| AEFD |
African Employers’ Forum on Disability |
| AFR |
available financial resources |
| AFS |
available for sale |
| 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 |
| AML |
anti-money-laundering |
| APE |
annualised premium equivalent |
| ARFG |
adjusted recognition for gender |
| ATF |
African Task Force |
| ATM |
automated teller machine |
| BaU |
business as usual |
| BBBEE |
broad-based black economic empowerment |
| BEE |
black economic empowerment |
| BESA |
Bond Exchange of South Africa |
| BFSR |
bank financial strength rating |
| BMF |
Black Management Forum |
| BPS |
basis points |
| BRMF |
Business Risk Management Forum |
| BSM |
balance sheet management |
| CAGR |
compound annual growth rate |
| CCR |
counterparty credit risk |
| CE |
chief executive |
| CEM |
Current Exposure Method |
| CEO |
chief executive officer |
| CFO |
chief financial officer |
| CF |
commodities finance |
| CFT |
combating the financing of terrorists |
| CGT |
capital gains taxation |
| CGU |
cash-generating unit |
| CIS |
client information system |
| CLAA |
Corporate Laws Amendment Act |
| CLR |
credit loss ratio |
| CMAT™ |
Customer Management Assessment Tool™ |
| CPI |
consumer price index |
| CSI |
corporate social investment |
| CVP |
client value proposition |
| DSTI |
deferred short-term incentive |
| dti |
Department of Trade and Industry |
| EAD |
exposure at default |
| EaR |
earnings at risk |
| Ecap |
economic capital |
| ED |
exposure draft |
| EDP |
Executive Development Programme |
| EDW |
electronic data warehousing |
| EE |
employment equity |
| EGC |
enterprise governance and compliance |
| EME |
emerging macroenterprise |
| EMTN |
Euro medium-term note |
| EP |
economic profit |
| EPS |
earnings per share |
| ERCO |
Enterprisewide Risk Committee |
| ERM |
enterprisewide risk management |
| ERMF |
Enterprisewide Risk Management Framework |
| ETL |
expected tail loss |
| EVE |
economic value of equity |
| EVP |
employee value proposition |
| Exco |
executive committee |
| FAIS |
Financial Advisory and Intermediary Services Act |
| FCI |
Financial Control Initiative |
| FCT |
foreign currency translation |
| FIC |
Financial Intelligence Centre |
| FICA |
Financial Intelligence Centre Act |
| FICC |
fixed income, currency and commodities |
| forex |
foreign exchange |
| FSC |
Financial Sector Charter |
| FSEP |
financial services economic profit |
| FTE |
fulltime equivalent |
| FV |
fair value |
| FWP |
flexible work practices |
| FX |
foreign exchange |
| GAC |
Group Audit Committee |
| GDP |
gross domestic product |
| GFD |
Group Finance Division |
| GIA |
Group Internal Audit |
| GIBS |
Gordon Institute of Business |
| GLC |
global local currency |
| GMCCA |
Group Marketing, Communications and Corporate Affairs |
| GRCMC |
Group Risk and Capital Management Committee |
| GSCA |
Group Strategy and Corporate Affairs |
| HCD |
human capital development |
| HR |
human resources |
| HVCRE |
high-volatility commercial real estate |
| IAS |
International Accounting Standards |
| IAS |
Investment Analyst Society |
| IASB |
International Accounting Standards Board |
| IBC |
inside back cover |
| ICAAP |
internal capital adequacy assessment process |
| IDR |
Issuer Default Rating |
| IFRS |
International Financial Reporting Standards |
| IPRE |
income-producing real estate |
| IR |
Implementation Report |
| IR |
industrial relations |
| 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 |
| ISMA |
International Security Management Association |
| IT |
information technology |
| JIBAR |
Johannesburg Interbank Agreed Rate |
| JV |
joint venture |
| LGD |
loss given default |
| LIBOR |
London Interbank Offered Rate |
| LTI |
long-term incentive |
| LTIP |
long-term incentive plan |
| LTV |
loan to value |
| M&A |
mergers and acquisitions |
| MDP |
Management Development Plan |
| MFC |
Motor Finance Corporation |
| MIP |
Matched Investment Plan |
| MLCP |
Money-laundering Control Programme |
| NAV |
net asset value |
| NBCV |
Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika |
| NBSA |
Netherlands Bank of South Africa |
| NCA |
National Credit Act |
| NEEF |
Nedbank Employment Equity Forum |
| NEPAD |
New Partnership for Africa’s Development |
| NGDP |
Nedbank Graduate Development Programme |
| NGR |
Nedbank Group Rating |
| NIB |
Nedcor Investment Bank |
| NII |
net interest income |
| NIR |
non-interest revenue |
| NP |
non-performing |
| NPO |
non-profit organisation |
| NPAT |
net profit after tax |
| OF |
object finance |
| OTC |
over the counter |
| PD |
probability of default |
| PEP |
politically exposed person |
| PF |
project finance |
| PIP |
property in possession |
| PWD |
People With Disabilities |
| QSE |
qualifying small enterprise |
| RACI |
Responsible/Accountable/Consulted/Informed |
| RAPM |
risk-adjusted performance measurement |
| REPO |
repurchase agreement |
| RMBS |
residential-mortgage-backed securitisation programme |
| ROA |
return on total assets |
| ROE |
return on ordinary shareholders’ equity |
| RORAC |
return on risk-adjusted capital |
| RWA |
risk-weighted asset |
| SA |
Standardised Approach |
| SADC |
Southern African Development Community |
| SAR |
share appreciation rights |
| SARB |
South African Reserve Bank |
| SARS |
South African Revenue Service |
| SBP |
share-based payments |
| SENS |
Securities Exchange News Service |
| SFT |
securities financing transaction |
| SIMCO |
Strategic Innovation Management Committee |
| SIP |
Strategic Improvement Programme |
| 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 |
| SRTO |
Strategic Recovery and Turnaround Office |
| STC |
secondary tax on companies |
| STI |
short-term incentive |
| STP |
straight-through processing |
| TOPP |
Training Outside Public Practice |
| TRAHRCO |
Transformation and Human Resources Committee TTC through the cycle |
| UNEP FI |
United Nations Environment Programme Finance Initiative |
| VAF |
vehicle and asset finance |
| VaR |
value at risk |
