DEFINITIONS

ACH

Automated Clearing House

AML

Anti-money Laundering

FI’s

Financial Market Infrastructures, e.g. (RTGS) (ACH)

HVP

High Value Payments

HW

Hardware

IP

Intellectual Property

ISO

International Standards Organization

KYC

Know your customer

RCSO

Regional Clearing and Settlement Operator

SADC

Southern African Development Community

SW

Software