NCCPL and CDC jointly carries out a business continuity management drill
22 September 2021, Karachi, Pakistan, National Clearing Company of Pakistan Limited (NCCPL) and Central Depository Company (CDC) have successfully completed a business continuity management drill. The exercise was planned for the most critical business functions to assess the readiness to continue operations in the event of unforeseen situations or emergencies.
The exercise was conducted on the actual operations providing all the critical business services from Alternate Processing Site (APS) throughout the day. The teams that were working from APS assumed full control of operations and performed all the operational activities remotely.
The main objective of this exercise was to assess if the predetermined Recovery Time Objective (RTO – time window taken to resume the operations) of each business critical functions are met and to assess recovery plan procedures and team members' readiness for major incidents.
The following critical business systems were involved in this exercise. The exercise was successfully achieved using latest state-of-the-art high-technology remote collaborative communication solution for instant decision-making.
|NCCPL Business Services||CDC Business Services|
|National Clearing and Settlement System and; allied systems i.e CGT, MF, MTS, SLB, RMS, NCS, UIS, MSF, CKO, Online Account Opening Services, Biometric Verification System.||Central Depository System and; allied systems i.e eIPO, Dividend Repository, RDA services, SBP-RAAST payments, Online CKO Account Opening, Simplified Account Opening, SMS / eAlerts, WhatsApp channel.|
NCCPL & CDC are certified against global standard of ISO 22301 Business Continuity Management System.
Effective Business Continuity is a part of our strategic direction and we are committed to ensure its continuous improvement. Our strategic alignment is tested through resumption of business critical activities in acceptable timescale. Our history of excellence is based on striving for continuous improvement converting impossibilities into possibilities and priority towards client centricity.