BCP

Financial Institution Contingency Plans for Service Provider and Third Party Services

1. Identify all the categories and sources of data input into the service provider’s systems by the thrift. Usually, these items are limited to branch and back-office online terminal input. Other items of input, such as automated teller machine (ATM) transactions, automated clearinghouse (ACH) transactions, and in-clearings ('on us' checks negotiated outside of the institution), are usually the responsibility of vendors that provide the respective processing services.

2. Describe the steps required to recover previously input data and prepare them for resubmission when requested by the service provider. (Institution management should realize that if the disaster takes place on a business day, online data entered on that day will not have been backed up offsite and will likely be lost.)

PAS 77 PAS 77 IT Service Continuity Management Framework is one of the Business Continuity Management framework best practices which provide guidance for IT and Business Continuity Management such as ITSCM Strategy, IT Continuity Risk Assessment, Testing and Maintenance. This guidance also could be used to assess the Continuity Architecture and Design consideration.

Basically this documents covers several process such as below: