Univ.-Prof. Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.A backup system provides an alternative means of continuing operations when the normal arrangement is disrupted. It can be used to preserve business activities, services, or infrastructure during outages or other interruptions, regardless of the technology, organisational model, or sector involved.
Bilateral exposure measures the potential financial loss arising from a specific counterparty relationship if that counterparty does not fulfill its contractual duties. It can apply to lending, trading, settlement and other obligations involving institutions, companies, investors or public-sector entities. The measurement may reflect gross claims or be adjusted for collateral, legally enforceable netting and other… read more »