Year 2000 readiness plan definition

Year 2000 readiness plan means the process by which a federally insured financial institution or credit union prepares the computers and other electronic information and operating systems and equipment under the financial institution's or credit union's control to correctly read and process time and date information and to function consistently regarding that time and date information.
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Year 2000 readiness plan means a plan pursuant to which a financial institution takes action that is reasonably calculated to avoid material disruption of its operations as a result of a computer date failure of a computer, computer network, computer program, computer software, embedded chip, or computer system under the control of the financial institution.
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Year 2000 readiness plan means a plan pursuant to which a person takes action that is reasonably calculated to avoid material disruption of its operations as a result of a computer date failure of a computer, computer network, computer program, computer software, embedded chip, or computer system under the control of the person.
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Examples of Year 2000 readiness plan in a sentence

  • As modifications are made to the bank’s Year 2000 readiness plan, itis expected that the contingency plan will simultaneously be modified to incorporate those changes.

  • Y E A R 2 0 0 0 The Company began its Year 2000 readiness plan in 1998 and completed it during the second quarter of fiscal year 2000.

  • The Company is executing its Year 2000 readiness plan solely through its employees.

  • In addition to the practical testing performed above, we have completed an independent inventory and assessment of the systems at our digital broadcast center and are currently in the remediation phase of our Year 2000 readiness plan.

  • This is crucial for market integrity and for the equal treatment of shareholders.

  • The Year 2000 readiness plan included a review of the Company’s core business information systems and technology, the implementation of Year 2000 compliant enterprise-wide resource planning (“ERP”) software and reviews of the Company’s telecommunications systems, product lines, infrastructure, facilities and embedded systems.

  • INTERNAL FINANCIAL AND ADMINISTRATIVE SYSTEMS With respect to our internal financial and administrative systems, we have completed the inventory phase of the Year 2000 readiness plan by identifying all systems with potential Year 2000 problems.

  • Accordingly, financial institutions should be well into their Year 2000 readiness plan.

  • The designated phases for a Year 2000 readiness plan are awareness, assessment, renovation, validation, and implementation (with ongoing contingency planning throughout the entire project).We conducted on-site field work at EFG Tech in Winston-Salem, North Carolina from July 6-14, 1999.

  • The appearance on VTV3 resulted in Dai Lam Linh becoming widely known nationally and it sparked a storm of controversy.


More Definitions of Year 2000 readiness plan

Year 2000 readiness plan means the process by which a federally insured
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Related to Year 2000 readiness plan

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  • Annual Plan means the annual plan of the Trust which is prepared in accordance with clause 8.1;