Vendor Management Program Policy Update

Product Update Notification - 08/07/07

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

The revision to this product is in response to the FDIC's FIL-52-2007 dated June 21, 2007 that announced the availability of a new Supervisory Insights, which contains an article "Third Party Arrangements: Elevating Risk Awareness." This article highlights how the failure to manage these risks can expose a financial institution to everything from financial loss to regulatory action and loss of customer relationships.

http://www.fdic.gov/news/news/financial/2007/fil07052.html

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

$200.00 - List Price

- or -

$25.00* - Update Price

*Applies only to clients who have purchased the 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 - 07/25/06 - $25.00

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

If you have ordered this product after 07/07/07 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.

Find Out What's New or Revised with our Product Update Program

Our Product Update Program allows existing clients to receive e-mail notifications from us the same day we issue a new or revised product. We encourage you to subscribe today for this free and convenient service.