System risk definition

System risk means a risk of loss infliction to you as consequence of the negatively changing in system of financial market operation and organisation.
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System risk means when a cooperating parties is unable to satisfy its obligations in the VIBER or is unable to carry out its responsibilities in due time, and thereby triggering a series of events to deprive other cooperating parties of the ability to satisfy their obligations. If this process results in a liquidity crisis that has the capacity to jeopardise financial stability, it constitutes a system risk.Given that in VIBER payment and settlement orders are executed gross, i.e. when the funds necessary are in fact available, the ‘risk of default’ that is typical of net settlement (where payment orders accepted by the system during the day cannot be executed due to insufficient funds) does not exist. On the other hand, there exists a liquidity risk (temporary, intraday liquidity shortage) and system risk (liquidity crisis), for which the VIBER features the following management functions: VIBER participants are given the option to request an intraday credit line (on a voluntary basis, subject to special rules in terms of eligibility); PVP payment orders; VIBER features central queue management and an algorithm for abolishing gridlock; VIBER manages 99 priorities, available to participants in a prearranged scheme; VIBER participants are given real time notice upon the completion of their payment and settlement orders, regarding the opening of a queue and on any event of import in the VIBER; queries can be made with a SWIFT message, and the VIBER monitor is also available for better liquidity management.The MNB functions as a management agent in providing services to KELER and GIRO Zrt. as market infrastructures. Settlement of DVP securities transactions on the securities side may be hindered by the liquidity shortage of the VIBER participant affected (that is handled as explained above), as well as any operational error.VIBER members’ orders submitted for intraday multiple clearing shall not be executed during ICS multiple intraday clearing sessions if the necessary funds are not available. Lack of funds on the part of an VIBER participant may, through failure to execute the orders sent by it, hinder the execution of the payee (beneficiary) VIBER member’s orders as well (because, as a result, the beneficiary VIBER is facing lack of funds as well). (This risk is presented in detail in the ICS Business Regulations)The operational risks that may arise in VIBER, and the related procedures are made available in Annex 4/a of the Business Terms and Conditions.
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System risk. The Seller is aware of and accepts the risks associated with using the Ariba Network, including risk of delay, loss, interception, corruption, misuse or disclosure to an incorrect third party of electronic messages and documents. The Bank may rely on verification and authentication procedures carried out by the Ariba Network and the Seller acknowledges and agrees that the Bank is not responsible for monitoring the proper operation and availability of the Ariba Network, or for the content of documents or electronic messages.
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Examples of System risk in a sentence

  • This may lead to delays in actioning any member requests such as processing contributions, withdrawals, investment instructions, or insurance claims.• System risk.

  • The Society for Vascular Surgery Lower Extremity Threatened Limb Classification System: risk stratification based on wound, ischemia, and foot infection (WIfI).

  • System risk monitoring in the NAT region is a continuous process.

  • System risk covers instances of both disruption and outright system failures in both internal and outsourced operations.

  • System risk Risk of loss arising from inadequate or non-existent information technology, system and / or information security violations, or lack of information security measures resulting in incomplete, inconsistent and misleading data.

  • Opportunities and potential System risk events will be assessed according to the System’s risk appetite, possible response strategies, and which entity or function is most appropriate to take responsibility for that response (the “owner”).

  • System risk assessment usually consists of inductive scenario modeling supplemented by deductive (top-down) failure modeling.

  • Provide appropriate training to CSB individuals responsible for completing the Information Technology System risk assessment.

  • The most appropriate assessment tool would be critical self-assessment since department management is in the best position to monitor what employees are doing.• System risk example: trading system fails to work after a software update.

  • System risk and administrative risk are addressed by the IT and Administration Strategy Management Committee, which deliberates on issues such as the Company’s IT strategy, IT investment, and administrative system.


More Definitions of System risk

System risk means the risk of problems in the activities of a company having an impact on the operation of other companies and/or the entire financial system.
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System risk means a server, network, relay, or other resource that can be exploited by third parties in ways that could lead to contravention of this AUP. Examples include, but are not limited to, open news servers, unsecured mail relays, smurf amplifiers, anything deemed a threat by Canadian Cyber Incident Response Centre, distribution of malicious files or malware, copyright infringement or Botnet drone.
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Related to System risk

  • operational risk means the risk of loss for the individual portfolio resulting from inadequate internal processes and failures in relation to people and systems of the investment service provider or from external events, and includes legal and documentation risk and risk resulting from the trading, settlement and valuation procedures operated on behalf of the individual portfolio;

  • Fuel system means the components which store or transport fuel on board the vehicle and comprise the fuel tank system, all fuel and vapour lines, any non-tank mounted fuel pumps and the activated carbon canister.

  • Low risk means normal, uncomplicated prenatal course as determined by adequate prenatal care and prospects for a normal, uncomplicated birth as defined by reasonable and generally accepted criteria of maternal and fetal health.

  • Sustainability Risk means an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment;

  • system user means a natural or legal person supplying to, or being supplied by, a transmission or distribution system;

  • 911 system means the set of network, database and customer premise equipment (CPE) components required to provide 911 service.

  • systemic risk means a risk of disruption in the financial system with the potential to have serious negative consequences for the financial system and the real economy;

  • Single tomogram system means a CT x-ray system which obtains x-ray transmission data during a scan to produce a single tomogram.

  • multi-system operator or “MSO” means a cable operator who has been granted registration under rule 11 of the Cable Television Networks Rules, 1994 and who receives a programming service from a broadcaster and re-transmits the same or transmits his own programming service for simultaneous reception either by multiple subscribers directly or through one or more local cable operators;

  • PV System means a residentially hosted roof-top solar electric generating system, including photovoltaic panels, racks, wiring and other electrical devices, conduits, weatherproof housings, hardware, one or more inverters, remote monitoring systems, connectors, meters, disconnects and over current devices.

  • Minimal risk means that the probability and magnitude of harm or discomfort anticipated in the research are not greater in and of themselves than those ordinarily encountered in daily life or during the performance of routine physical or psychological examinations or tests.

  • Feed means feed as defined in point (4) of Article 3 of Regulation (EC) No 178/2002;

  • Production System means a live SAP system used for running Licensee’s internal business operations and where Licensee’s data is recorded.

  • Tank system means a hazardous waste storage or treatment tank and its associated ancillary equipment and containment system.

  • Electronic Subcontracting Reporting System (eSRS) means the Governmentwide, electronic, web-based system for small business subcontracting program reporting. The eSRS is located at http://www.esrs.gov.

  • XXXXX System means the XXXXX filing system of the Commission and the rules and regulations pertaining thereto promulgated by the Commission in Regulation S-T under the Securities Act and the Exchange Act, in each case as the same may be amended or succeeded from time to time (and without regard to format).

  • Diesel engine means an internal combustion, compression-ignition (CI) engine with operating characteristics significantly similar to the theoretical diesel combustion cycle. The regulation of power by controlling fuel supply in lieu of a throttle is indicative of a compression ignition engine.

  • Electric System Upgrades means any Network Upgrades, Distribution Upgrades, or Interconnection Facilities that are determined to be necessary by the CAISO or Participating Transmission Owner, as applicable, to physically and electrically interconnect the Project to the Participating Transmission Owner’s electric system for receipt of Energy at the Point of Interconnection (as defined in the CAISO Tariff) if connecting to the CAISO Grid, or the Interconnection Point, if connecting to a part of the Participating TO’s electric system that is not part of the CAISO Grid.

  • Product Backlog means a list of those Stories that do not form part of the current Sprint Plan at that time and which are to form the subject of a future Sprint, either in the current Release at that time or a subsequent Release;

  • Leak-detection system means a system capable of detecting the failure of either the primary or secondary containment structure or the presence of a release of hazardous waste or accumulated liquid in the secondary containment structure. Such a system must employ operational controls (e.g., daily visual inspections for releases into the secondary containment system of aboveground tanks) or consist of an interstitial monitoring device designed to detect continuously and automatically the failure of the primary or secondary containment structure or the presence of a release of hazardous waste into the secondary containment structure.

  • Gasoline dispensing facility means any site where gasoline is dispensed to motor vehicle gasoline tanks from stationary storage tanks.

  • Fuel means any solid, liquid or gaseous combustible material;

  • Transmission System Operator means a natural or legal person responsible for operating, ensuring the maintenance of and, if necessary, developing the transmission system in a given area and, where applicable, its interconnections with other systems, and for ensuring the long-term ability of the system to meet reasonable demands for the transmission of electricity;

  • Levee system means a flood protection system which consists of a levee, or levees, and associated structures, such as closure and drainage devices, which are constructed and operated in accordance with sound engineering practices.

  • Operating System refers to the software that manages Hardware for Programs and other software.

  • Combined sewer system means a system for conveying both sanitary sewage and storm water runoff.