National Clearing Company of Pakistan Limited has devised various Risk Averse strategies for all of its services including its National Clearing & Settlement System in a bid to provide seamless services. National Clearing Company of Pakistan Limited (NCCPL), which provides clearing and settlement services to Pakistan Stock Exchange, announced that the company has implemented a business continuity framework in a bid to strengthen its state-of-the-art system.
For this purpose, NCCPL successfully conducted a full day disaster recovery drill where services were provided to all LAN, dialup and remote clients through a remote DR/ Alternate Processing Site during business hours. Being an ISO-27001 certified organisation, Business Continuity Framework allows NCCPL to ensure services that are critical to its objectives in order to continue working despite the occurrence of a potentially disruptive event, stabilise the effects of such an event, return to normal operations as quickly as possible, and build high level of resilience to everyday disruptive events. It further ensures best practices, favouring the industry, society and government, resulting in improved quality and enhanced customer satisfaction.
The effective achievement of this exercise showed the capability and strength of the organisation in resumption of business critical activities in acceptable timescale by providing uninterrupted services to all clients of Pakistan Stock Exchange, even in case of a crisis.-PR