Home     TARGET     CEC     Clearing House     Links     Contact     

The ELLIPS-system is known as highly reliable. Its level of availability approaches 100 % every year. Yet the possibility of unavailability of a system like ELLIPS can never be excluded. Given the critical nature of the payments which ELLIPS processes, a long-lasting unavailability of the system may have major repercussions on the financial markets as a whole. In order to avoid such situations or, to restrict at least the consequences, measures are provided, in the event of unavailability, to switch to an alternative site (Business continuity plan) and/or to execute at least a limited number of payments during the interval of unavailability (contingency measures). These measures are explained in detail in the Business Recovery Plan which has been elaborated by the Current Accounts Division.