Vendor Management Policy Update

Product Update Notification - 06/20/08

Vendor Management Program Policy Update

Bankpolicies.com is proud to announce the immediate availability of our revised Vendor Management Program Policy Template product.

This update is in response to FDIC Financial Institution Letter 44-2008 "Guidance for Managing Third Party Risk" dated June 6, 2008. This guidance is based on and supplements the principles contained in policy guidance that previously addressed third party risk in the context of specific functions, such as information technology. In addition, this guidance is intended to assist in the effective management of third party relationships, and should not be considered as a set of required procedures.

http://www.fdic.gov/news/news/financial/2008/fil08044.html

What's Revised

Click here to review detailed subject matter regarding this updated product.

Product Contents

Purpose and Contents - Topic 1
Policy Statement - Topic 2

Risk Management - Topic 3

Organization, Responsibilities and Administration - Topic 4

Service Provider Due Diligence Standards - Topic 5

Contract Standards - Topic 6

Ongoing Monitoring Standards - Topic 7

Vendor Relationships with Insiders - Topic 8

Foreign Service Provider - Topic 9

Audit Policy - Topic 10

Retention of Documentation - Topic 11

Includes the following form template:

Confidentiality Agreement - Vendor (1 page)

Privacy Acknowledgement - Vendor (1 page)

Ordering Information

This product is available to purchase from Bankpolicies.com for:

$275.00 - List Price

- or -

$50.00* - Update Price

*Applies only to clients who have purchased our Vendor Management Program Policy Template within the last three years in addition to the following prior updates (if applicable):

Vendor Management Program Policy Template Update - 08/07/07 - $25.00

Vendor Management Program Policy Template Update - 07/25/06 - $25.00

Vendor Management Program Policy Template Update - 01/18/06 - $75.00

If you have ordered this product after 05/20/08 you are eligible to receive the product update at no charge.

Click here to place an order for this product. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the list or update price (whichever applies).

NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy. Orders placed for Product Updates are only available directly through Bankpolicies.com.

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