+Article 25 Efficiency and effectiveness
---+Article 25 1
---+Article 25 2
---+Article 25 3

Article 25 Efficiency and effectiveness

1. Forbhreathnú

,
Article 25 1

1.   A SIPS operator shall have a process to identify and meet the needs of the markets the SIPS serves, in particular, with regard to:

(a)

choice of a clearing and settlement arrangement;

(b)

operating structure;

(c)

scope of products cleared or settled;

(d)

use of technology and procedures.
Article 25 2

2.   A SIPS operator shall have clearly defined goals and objectives that are measurable and achievable, such as in the areas of minimum service levels, risk-management expectations and business priorities.
Article 25 3

3.   A SIPS operator shall have established mechanisms for the regular, at least annual, review of the requirements laid down in paragraphs 1 and 2.

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

Ceanglais

3. Caighdeáin ghaolmhara

Caighdeáin