GLOSSARY OF TERMS AND DEFINITIONS

Means anti-money laundering, “AML REQUIREMENTS” means all Legal Requirements relating to anti-money laundering.

Methods used to verify the origin of a message or to verify the identity of a participant connected to a system and to confirm that a message has not been modified or replaced in transit. authorisation (of a transaction)

"The approval or consent given by an FMI participant (or a third party acting on behalf of that participant) in order to conduct a transaction, for example, transfer funds or securities. business continuity A state of uninterrupted business operations. This term also refers to all of the organisational, technical and staffing measures used to ensure the continuation of operations following a disruption to a service, including in the event of a wide-scale or major disruption."

"The base currency usuaaly measn the local currency, is the first currency quoted in a forex pair: the two currencies that investors use to trade forex.

The accounting currency used by banks and other businesses, which is usually the domestic currency of the country the company is operating in.

When buying (or going long on) a currency pair with IG, the base currency is the single unit being bought. It is also known as the primary currency. "

See BUSINESS CONTINUITY

Refers to Bureau of Exchange or a currency exchange is a business or financial institution that has the legal right to exchange one currency for another currency to its customers. A currency exchange may be a stand-alone business or may be part of the services offered by a bank or other financial institution.

A business continuity plan is a plan to help ensure that business processes can continue during a time of emergency or disaster. Such emergencies or disasters might include a fire or any other case where business is not able to occur under normal conditions.

The process of transmitting, reconciling and, in some cases, confirming transactions prior to settlement, potentially including the netting of transactions and the establishment of final positions for settlement. Sometimes this term is also used (imprecisely) to cover settlement. For the clearing of futures and options, this term also refers to the daily balancing of profits and losses and the daily calculation of collateral requirements

Means any forms or reports required to be filed or maintained by any Regulatory Body with authority over the MTO, including any applicable large currency transaction reports, suspicious transaction reports, as well as any other internal forms and/or reports which may require to be file and/or maintain pursuant to Compliance Policies.

A process whereby the terms of a trade are verified either by directly involved market participants or by a central entity.

Is an acronym for customer relationship management, a broad business marketing system that combines database technology with marketing principles to establish, analyze and better market to customer relationships. DM is an acronym that has a few different meanings with regard to CRM.

Means the provider of reliable forex rates, including without limitation, Apilayer GmbH, the central bank of a country, a designated agent, or another provider of exchange rates as may be designated by Medialink from time to time.

The transfer of data (a digital bit stream) over a point-to-point or point-to-multipoint communication channel.

Data security technique used to protect privacy of information from unauthorized inspection. Encryption protects the confidentiality of messages, but other techniques are still needed to protect the integrity and authenticity of messages.

The rate at which the equivalent number of units of one currency is converted into a unit of another currency

Funds held by a financial institution during the clearing process before being made available to the depositor or the interval or delay between when a payment is prepared and funds are withdrawn from the payor’s financial institution. Check float includes the time from when a merchant/seller accepts a check payment to the point that the check clears the check processing network. The time the check is in the mail (mail float) is often considered a part of check float. With the introduction of check imaging, the check clearing process has accelerated and most check float is now due to mail float.

Also known as foreign exchange, FX or currency trading, is a decentralized global market where all the world's currencies trade. The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion.

means the various instructions, user guides, policies, procedures and requirements designed to limit, prevent and deter the use by anyone of MTO’s or Bureau’s products and services, including the Money Transfer Services, for fraudulent, illicit or illegal purposes;

Also known as foreign exchange, FX or currency trading, is a decentralized global market where all the world's currencies trade. The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion.

In the retail currency exchange market, different buying and selling rates will be quoted by money dealers. Most trades are to or from the local currency. The buying rate is the rate at which money dealers will buy foreign currency, and the selling rate is the rate at which they will sell that currency.

An Internet Protocol address (IP address) is a numerical label assigned to each device (e.g., computer, printer) participating in a computer network that uses the Internet Protocol for communication. An IP address serves two principal functions: host or network interface identification and location addressing. Its role has been characterized as follows: "A name indicates what we seek.

See IP restrictions

Also known as IP blocking, is a form of security used on mail, Web or any other Internet servers to block connections from a specific IP address or range of addresses that are considered undesirable or hostile. For example, a Web site forumadministrator who sees spam or unwanted posts from a user may block that user's IP address to prevent them from using the discussion board.

Means "know your customer" or “know your client” It is a regulatory phrase that refers to the process used by a business for verification of clients, customers, merchants, and other elements when it comes to a financial transaction.

Means (i) any federal, provincial, local or other law or statute of the Territory; (ii) any federal, state, local or other law or statute of the United States; (iii) any rule or regulation issued by a Regulatory Body, including the Financial Crimes Enforcement Network (“FinCen”) and the Office of Foreign Assets Control of the United States Treasury Department (“OFAC”); (iv) the Network Rules; and (v) any judicial, governmental or administrative order, judgment, decree or ruling, in each case as applicable to either Party, its Affiliates and/or the subject matter or transactions contemplated.

Means all of the MTO’s or Bureau’s, Affiliates facilities, including facilities from which Remittance and Forex Products can be offered

Means Money Transfer Provider equivalent to MTO's or Money Transfer Operators

Means the by-laws, operating rules, regulations, guidelines and technical standards promulgated from time to time by any organization that operates computer hardware and software and telecommunications links to enable the interchange, under a common service mark, of electronic fund transfers (including without limitation Visa, MasterCard, or NACHA) among the participants in the organization, including the credit card association’s Payment Card Industry Data Security Standards.

Office of Foreign Assets Control, is a financial intelligence and enforcement agency of the U.S. Treasury Department charged with planning and execution of economic and trade sanctions in support of U.S. national security and foreign policy objectives. OFAC publishes a list of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. It also lists individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. Collectively, such individuals and companies are called "Specially Designated Nationals" or "SDNs." Their assets are blocked, and U.S. persons are generally prohibited from dealing with them. The OFAC Consolidated List includes all persons and entities to which the Charter of the United Nations Act 1945 and the Autonomous Sanctions Act 2011 currently applies. This follows the transition of Australia's targeted financial sanctions from the Banking (Foreign Exchange) Regulations 1959 to the Autonomous Sanctions Regulations 2011.

Is a lsit of all persons and entities to which the Charter of the United Nations Act 1945 and the Autonomous Sanctions Act 2011 currently applies. This follows the transition of Australia's targeted financial sanctions from the Banking (Foreign Exchange) Regulations 1959 to the Autonomous Sanctions Regulations 2011.

Is a list of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. It also lists individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. Collectively, such individuals and companies are called "Specially Designated Nationals" or "SDNs." Their assets are blocked and U.S. persons are generally prohibited from dealing with them. Click here for more information on Treasury's Sanctions Programs.

A central bank function whereby the objectives of safety and efficiency are promoted by monitoring existing and planned payment, clearing, settlement and related arrangements, assessing them against these objectives and, where necessary, inducing change. These arrangements include financial market infrastructures and other payment, clearing, settlement and reporting arrangements and activities, both within and across jurisdictions (encompassing systems and activities involving large-value and retail payments, foreign exchange settlement, securities and derivatives clearing and settlement, multilateral netting and collateral management) as well as retail payment instruments or schemes. The scope of oversight differs between central banks but usually includes FMIs, with oversight being conducted domestically and through cross-border cooperation

A set of instruments, procedures, and rules for the transfer of funds between or among participants; the system includes the participants and the entity operating the arrangement.

Means an individual, corporation, partnership, trust, association, business, firm or any other entity.

means any data which identifies, or is capable of identifying, any customer who conducts Transfer Sends and recipients of Transfer Receives, including but not limited to, an individual’s name, address, phone number, e-mail address, social security number, account number or security key.

A group of technologies that are used as a base upon which other applications, processes or technologies are developed.

Is an abbreviation for point of sale, means any location where a sale money trasnfers foreighn exchange and other transaction oir sales may take place. POS traditionally means the area surrounding the cashier or counter where payment is accepted during checkout.

A procedure to verify that two sets of records issued by two different entities match

Means any governmental authority with jurisdiction over a Party or its Affiliates

(1) A remittance is a transfer of money by a foreign worker to an individual in his or her home country. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. (2) In the context of remitting to a business or corporate trading partner, the funds sent in payment for items purchased, services rendered, or value received.

Saas usually means Software as a service . Saas is. a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted.

The acronym SaaS stands for Software as a Service. A SaaS Platform is a computer program or collection of more than one computer program that acts as a host to applications that reside on it.

Means Specially Designated Nationals and Blocked Persons List published by OFAC

Means effective security information policies and procedures.

An entity that manages the settlement process for transfer systems or other arrangements that require settlement. Settlement agent sometimes differs from the owner or settlement institution of the system.

The estimation of credit and liquidity exposures that would result from the realisation of extreme price changes.

Means Secure Sockets Layer (SSL) is a protocol developed by Netscape for transmitting private documents via the Internet. SSL uses a cryptographic system that uses two keys to encrypt data − a public key known to everyone and a private or secret key known only to the recipient of the message.

Most Web browsers support SSL, and many websites use the protocol to obtain confidential user information, including credit card numbers. By convention, URLs that require an SSL connection start with https: instead of http:.

A Tier 4 data center is an enterprise class data center tier with redundant and dual-powered instances of servers, storage, network links and power cooling equipment. It is the most advanced type of data center tier, where redundancy is applied across the entire data center computing and non-computing infrastructure.

Means Transport layer security (TLS) is a protocol that provides communication security between client/server applications that communicate with each other over the Internet. It enables privacy, integrity and protection for the data that's transmitted between different nodes on the Internet.

Means proprietary software called EMERLINK by Medialink for performing Money Transfer and Forex Services.

UN 1267 is a sanction list containing the names and information about individuals, groups, undertakings and entities associated with Al-Qaida and ISIL (Da'esh) initially created in 1999 by UN Security Council (Al-Qaida Sanctions Counter-Terrorism Committee) pursuant to resolution 1267, under UN Chapter VII to require all UN Members "freeze the assets of, prevent the entry into or transit through their territories, prevent the direct or indirect supply, sale and transfer of arms and military equipment to any individual or entity associated with Al-Qaida, Osama bin Laden and/or the Taliban as designated by the Committee"