SS&C Business Continuity Sample Clauses

SS&C Business Continuity. The SS&C GCM Program Overview is provided to clients requiring background on business continuity and crisis management programs at SS&C. It includes details on exercises used to test business continuity preparedness. Business Continuity testing includes: Table-top Exercises - These exercises vary from year to year. They are conducted annually and usually several plans are exercised simultaneously. For example, a facility may have one table-top exercise for all the facility occupants which may include multiple plans. GCM administers the exercise and there is a scenario established and challenges presented to participants during the exercise. Action items are identified and documented and are tracked through completion. Relocation Exercises - SS&C uses recovery strategies available to us, such as reciprocal sites, split operations, and remote access from home. Business units are required to exercise their recovery strategies annually. Emergency Notification Exercises - Quarterly notification exercises are performed as part of SS&C’s business continuity preparedness. The goal of each exercise is to achieve at least a 75% response rate within three hours. Business Units that do not reach the goal in three hours will need to repeat the exercise until the acceptable response is achieved. Disaster Recovery/Business Continuity Plan – Business continuity plans (BCP) and Disaster recovery plans (DRP) are defined, documented, reviewed, and tested annually to continue critical activities in the event of an incident and enable resumption of business processes and services after a disruption. All BCP/DR Exercise Summary and BCP/DR Plan Summaries will be provided at least annually to Client or an attestation stating the exercises were conducted successfully and effectively. Tabletop Exercise – SS&C will collaborate with Client in conducting a collaborative business resumption planning and recovery annual exercises, at a minimum a table-top exercise or Client participates in the annual SS&C DR exercise (tabletop).
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SS&C Business Continuity. The SS&C GCM Program Overview is provided to clients requiring background on business continuity and crisis management programs at SS&C. It includes details on exercises used to test business continuity preparedness, and may be updated by SS&C from time to time, and is incorporated by reference into this Addendum.
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Related to SS&C Business Continuity

  • Business Continuity Registry Operator shall maintain a business continuity plan, which will provide for the maintenance of Registry Services in the event of an extraordinary event beyond the control of the Registry Operator or business failure of Registry Operator, and may include the designation of a Registry Services continuity provider. If such plan includes the designation of a Registry Services continuity provider, Registry Operator shall provide the name and contact information for such Registry Services continuity provider to ICANN. In the case of an extraordinary event beyond the control of the Registry Operator where the Registry Operator cannot be contacted, Registry Operator consents that ICANN may contact the designated Registry Services continuity provider, if one exists. Registry Operator shall conduct Registry Services Continuity testing at least once per year.

  • BUSINESS CONTINUITY/DISASTER RECOVERY In the event of equipment failure, work stoppage, governmental action, communication disruption or other impossibility of performance beyond State Street’s control, State Street shall take reasonable steps to minimize service interruptions. Specifically, State Street shall implement reasonable procedures to prevent the loss of data and to recover from service interruptions caused by equipment failure or other circumstances with resumption of all substantial elements of services in a timeframe sufficient to meet business requirements. State Street shall enter into and shall maintain in effect at all times during the term of this Agreement with appropriate parties one or more agreements making reasonable provision for (i) periodic back-up of the computer files and data with respect to the Trusts; and (ii) emergency use of electronic data processing equipment to provide services under this Agreement. State Street shall test the ability to recover to alternate data processing equipment in accordance with State Street program standards, and provide a high level summary of business continuity test results to the Trusts upon request. State Street will remedy any material deficiencies in accordance with State Street program standards. Upon reasonable advance notice, and at no cost to State Street, the Trusts retain the right to review State Street’s business continuity, crisis management, disaster recovery, and third-party vendor management processes and programs (including discussions with the relevant subject matter experts and an on-site review of the production facilities used) related to delivery of the service no more frequently than an annual basis. Upon reasonable request, the State Street also shall discuss with senior management of the Trusts any business continuity/disaster recovery plan of the State Street and/or provide a high-level presentation summarizing such plan.”

  • Business Continuity and Disaster Recovery Bank shall maintain and update from time to time business continuation and disaster recovery procedures with respect to its global custody business, which are designed, in the event of a significant business disruption affecting Bank, to be sufficient to enable Bank to resume and continue to perform its duties and obligations under this Agreement without undue delay or disruption. Bank shall test the operability of such procedures at least annually. Bank shall enter into and shall maintain in effect at all times during the term of this Agreement reasonable provision for (i) periodic back-up of the computer files and data with respect to Customer and (ii) use of alternative electronic data processing equipment to provide services under this Agreement. Upon reasonable request, Bank shall discuss with Customer any business continuation and disaster recovery procedures of Bank. Bank represents that its business continuation and disaster recovery procedures are appropriate for its business as a global custodian to investment companies registered under the 1940 Act.

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