Hi there,
"10.16.0.32" is your NMS server, "public" is the snmp community string, and all the keywords after it are snmp traps.
SNMP Traps are unsolicited messages sent by the agent (your Router) to the management station (your NMS). For example, when an interface fails, a router?s SNMP agent could send a Trap to the SNMP manager.
HTH.
Best regards,
Mohammed Mahmoud.