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OMBUD

Ombudsman for Banking Services

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Tel: 011 838 0035
Fax: 086 080 0900
Address:
17 Harrison Street
Johannesburg
South Africa
Scope:
Gauteng.

 The Ombudsman for Banking Services (OBS) resolves individual complaints about banking services and products. We aim to do this impartially, fairly and confidentially.

From The Glossary »

Loss-Conversion Factor:

Under a retrospective rating plan, an amount added to actual losses to provide for the expenses of an insurance company in handling claims.
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