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Product Update Notification - 06/20/08 Vendor Management Program Policy Update Details What's Revised Topic 2 - Policy Statement. The third paragraph was revised and seven new bullet points follow thereafter. In addition, the paragraph directly before the last six bullet points of this topic was revised. Topic 3 - Risk Management. The following subtopics were revised: General - Two paragraphs and four bullet points were added to the beginning. Risk Assessment Categories and Considerations - The entire subtopic was revised. Risk Assessment Process - A new subtopic heading was created and four new paragraphs were added at the beginning. Topic 4 - Organization, Responsibilities and Administration. The first paragraph under the "Board of Directors" subtopic was revised. Topic 5 - Service Provider Due Diligence Standards. Three new paragraphs and 17 bullet points were added to the beginning of the "Due Diligence Standards" subtopic. Topic 6 - Contract Standards. Two new paragraphs were added at the beginning of the "Contract Considerations" subtopic. In addition, the following bullet points were also revised within that subtopic: Scope of Service Performance Standards Security and Confidentiality Audit Reports Business Resumption and Contingency Plans Cost and Compensation (formerly entitled "Cost") Ownership and License Dispute Resolution Indemnification Limitation of Liability Default and Termination (formerly entitled "Termination") Customer Complaints (new bullet point 19.) Topic 7 - Ongoing Monitoring Standards. The "General" subtopic was completely revised. In addition, a new "Risk Level Assignment" subtopic title was added directly after the "General" subtopic. Product Contents Purpose and Contents - Topic 1 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. 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. |