DHL 2002 Annual Report Download - page 79

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78
Glossary
Basel II
The revised Basel Capital Accord that seeks to make the capital
adequacy requirements for banks more risk-sensitive than
the original 1988 Accord. It also reflects recent developments
on the financial markets and in risk management techniques.
Business-to-business (B-to-B)
The exchange of goods, services and information between
companies.
Business-to-consumer (B-to-C)
The exchange of goods, services and information between
companies and private customers.
Cash Group
A joint ATM network consisting of Commerzbank, Deutsche
Bank, Dresdner Bank, HypoVereinsbank and Postbank.
CEP market
Market for courier, express and parcel services.
Consolidated loads
Individual shipments transported overland, both domestically
and internationally, are collected at warehouses and consoli-
dated into complete loads. Such loads are always transported
between two terminals.
Contract logistics
Granting of longer-term logistics contracts to logistics service
providers.
Deutsche Post World Net (DPWN)
Deutsche Post World Net is the name under which the Group
appears in public, e.g. in advertising. Deutsche Post AG is
the legal name of the Group’s parent company whose stock
has been listed on all German stock exchanges since
November 20, 2000.
Direct brokerage
Online/direct securities brokerage business.
E-commerce
Electronic commerce: commerce via the Internet.
Exclusive license area/Exclusive license
In accordance with the Postgesetz (German Postal Act),
Deutsche Post AG has the exclusive license (which will expire
at the end of 2005) to transport letters and addressed
catalogs weighing less than 100g and costing less than three
times the standard rate. Exceptions include the transportation
of letters with identical content weighing more than 50g
and higher-value services providing special features. As of
January 1, 2006, the exclusive license (which will expire at
the end of 2007) will be lowered to 50g and two-and-a-half
times the standard rate.
Factoring
A financing transaction in which a financial service institution
(factor) purchases its customers’ accounts receivable on a
one-time or regular basis.
Fast Moving Consumer Goods
Consumer goods required on a day-to-day basis which must be
shipped quickly, such as food, drinks, and cleaning materials.
Final delivery sorting
Automatic sorting of machine-readable letters according to
carrier route.
Full load transport
Complete loads are transported between points which are
specified by the customer.
German Postal Act (Postgesetz)
The purpose of the German Postal Act, which has been
effective since January 1, 1998, is to promote postal
competition through regulation and ensure the nationwide
provision of appropriate and sufficient postal services.
The Postal Act includes regulations on licensing, price control
and the universal service.