On December 14th, DnB NOR Bank’s Custody and Investor Services conducted a test of the department’s Business Continuity Plan in which most personnel were relocated to the designated back-up site at the Central Securities Depository in order to process the day’s settlement and clearing volumes.
The test was conducted in a live environment and none of the employees was given prior knowledge of the exercise. Within 20 minutes of announcement, transport was arranged and within 60 minutes from announcement, full production had resumed.
The off-site test was supervised by Department Management, representatives from the bank’s Contingency Management group and Client Relations was also present. DnB says results of the test were excellent and that the exercise fulfilled all the expected criteria.