am.encryption.pwd contains an encryption key used to decrypt passwords stored with the Service Management data.
com.sun.identity.client.encryptionKey contains an encryption key used to encrypt and decrypt data used locally within the client application.
The value of com.iplanet.security.encryptor is either of the following encrypting class implementations:
com.iplanet.services.util.JCEEncryption (default)
com.iplanet.services.util.JSSEncryption