ESCB Definitions of Major Business Continuity Terms in Relation to Payment and Securities Settlement Systems

The ESCB has developed a glossary of major business continuity terms for market infrastructures, providing consistent and commonly agreed definitions for …

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June 2007, ESCB definitions of major business continuity terms in relation to payment and, securities settlement systems1, Definition, General terms, business contingency, business continuity, business continuity management, (BCM), business continuity management team, business continuity plan, business continuity strategy, crisis management, Testing, simulation exercise, test, walkthrough, Definition, Recovery and resumption, recovery, recovery point objective, recovery time objective (RTO), resumption, Sites, load-sharing data centres, secondary site, Cold site, Hot site, Definition, Events, crisis, disaster, Large-scale/major disaster, Regional disaster, Local disaster, disruption, Large-scale/major operational disruption (MOD), emergency, fallback, outage, Critical functions, business impact analysis, (BIA), core business activities, critical functions, single point of failure, Definition, Critical entities, critical (infrastructure) participant, critical (market) infrastructure, critical provider of services and, utilities

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