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Disaster Recovery Plan Term Paper

Category: Information Technology Pages: 6 Type: Term Paper Level: Undergraduate
3. Establishing the necessary back-up facilities to provide the best services at all times. 4. Putting alternate communication system in place in the event of disaster. 5. Mitigating the effects of the impacts in the event of disaster. Objectives 1. Ensuring normalcy in clearing and settlement operations in the business without loss of time. 2. Ensuring accessibility to staff for disaster recovery process. 3. Assessment of the financial and operational support needed for reporting to the banks and financial institutions. 4. Making arrangements for survey by insurance companies. 5. Coordination with the service providers and vendors in recovery process. 6. Early resumption of the disrupted business operations. 7. Keeping the customers informed of the situation. 8. Keeping the regulatory and local authorities informed of the extent of disaster and the progress of recovery process. Overview of the organization The organization needs to be studied and analyzed with particular reference to disaster management. The structure has been designed to meet the needs of the industry where the business is carried out online. There are more than 100 branches which are connected to the head office. There are more than 1000 terminals in head office and branch offices. The company appointed dealers place orders into the system as per the instructions received over phone or internet from the customers. Also, some of these terminals are allocated to the day traders for day-trading. The important tasks involved in the day-to-day operations can be classified into: 1) Buying and selling of shares and Securities including Futures and Options, 2) Transfer of Securities to the depositories, depository participants and customers, 3) Settlement of payments arising out of transactions