National Clearing Company of Pakistan Limited (NCCPL), which provides clearing and settlement services to all three stock exchanges of the country, announced that the company has implemented a Business Continuity Framework (BCF) to strengthen its National Clearing and Settlement System (NCSS). For this purpose, a Disaster Recovery (DR) drill was successfully conducted recently where NCSS services were provided to all LAN, Dialup and Remote clients through a remote DR/ Alternate Processing Site.
Being an ISO 27001 certified organisation, BCF allows NCCPL to ensure services, that are critical to its objectives, are provided continuously despite the occurrence of a potentially disruptive event, stabilise the effects of such event, return to normal operations as quickly as possible and build high level resilience to any unforeseen events. Speaking about the need to implement a BCF, Chief Information Officer (CIO) NCCPL Shafiq Ur Rehman stated: "At NCCPL, we have always focused on providing un-interrupted services to all our customers and business partners.
Our NCSS is a state of the art and fully automated software which we have perfected over the past decade, but we still are aware that risk is inherent and that some risks have the potential to interrupt services. The implementation of a BCF gives us the ability to be prepared for, respond to and manage such interruptions. Successful implementation of this BCF increases our ability to absorb, respond to and recover from disruptions.-PR