Navigation:  The User Interface > Industry Acronyms and definitions Program Navigation: Simplicity

·The following will explain some of the acronyms that can be found in Simplicity or in Debt Counseling:

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oDC: Debt counsellor

oCP: Credit Provider

oDCRS: The Debt Counselling Rules System.

oCOP: Community of Property

oANC: Ante Nuptial Agreement

oCRM: Client Communication Manager

oCOB's: Certificate of Balance

oPDA: Payment Distribution Agency  (Hyphen)

oNCA: National Credit Act

oNCR: National Credit regulator

oNCT: National Consumer Tribunal

oTT: Task Team Agreement

oDR: Debt Review

oDO: Debit Order

oCA: Credit Agreement

oContingency Fee: Contingency is used by debt counsellors in the monthly expenses to either round off the Affordability or to allow for additional monies required for any future counter proposals from a CP.

oNAEDO: Non-Authenticated Early Debit Order Collection

oAEDO: Authenticated Early Debit Order Collection

oCascading: Once a creditor has been cleared (Paid-Up), the cascading process will take the instalment being paid to that creditor and distribute it to the remaining active creditors on the plan.

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