Stress Testing Frequency Clause Samples
The 'Stress Testing Frequency' clause defines how often stress tests must be conducted on a system, process, or financial portfolio to assess its resilience under adverse conditions. Typically, this clause specifies a set interval—such as quarterly or annually—at which comprehensive evaluations are performed, and may outline the types of scenarios or parameters to be tested. By establishing a regular schedule for stress testing, the clause ensures ongoing risk assessment and helps identify vulnerabilities early, thereby supporting proactive risk management and regulatory compliance.
Stress Testing Frequency. Within five (5) days of written notice by the Companies to Sub-Administrator requesting increased frequency of the Stress Testing Services, Sub-Administrator shall for the period of time set forth in such notice provide the Stress Testing Services on a more frequent basis than the frequency initially requested. The Companies acknowledge that such greater frequency of testing shall be subject to an additional fee.