CFC is prepared to restore essential business operations within 36 hours following a major disaster of any type. CFC's comprehensive disaster recovery and business continuity plan includes specific preparations and staff training to re-establish key functions following a business interruption, including the ability to:
- Process transactions
- Fund loan advances
- Maintain access to the capital markets through CFC's financial partners
Each of CFC's operating groups is prepared to conduct business and minimize disruption for members. The disaster plan is supported by:
- An alternate worksite furnished with computers, workstations and other necessary supplies and equipment
- A duplicate information system
- An electronic backup of critical data, including all member information, such as loan histories and invoices
- Real-time replication of financial transactions at the recovery site, 24 hours a day, seven days a week
CFC reviews, tests and updates the plan to reflect any changes in the business environment on a regular basis. To that end, CFC conducts disaster recovery exercises routinely.
CFC's disaster recovery plan includes a crisis communications plan for communicating with members and staff in the event of a business interruption. A Crisis Communications Team is in place to ensure that the most accurate and timely information possible is provided to members and business partners.
Resources
CFC urges its members to review, test and update their own business continuity plans on a regular basis. We have prepared When Disaster Strikes, A Primer on Business Continuity to assist members in this process. Other resources include www.disaster-resource.com and the Disaster Recovery Journal.
