FINANCIAL (complete this section if the vendor will provide an on-going service that is
critical for the bank to function):
Is the Vendor being sold (to your knowledge) within the time frame of the contract?
No Yes N/A
If the Vendor was to be sold will the terms of the contract survive the sale?
No Yes N/A
Is Vendor financially stable of the date of the proposed contract?
No Yes N/A
Vendor has been in business since: date: unknown
IF INFORMATION TECHNOLOGY (complete this section if our systems are involved):
Will the Vendor have to go through our firewall to perform their tasks? No Yes
N/A. If yes why and for what purpose?
Is an interface necessary for completion of the scope of work? No Yes N/A.
Ability to remote dial into our network: No Yes N/A
OFAC was completed before inception/purchase: No Yes N/A
Date of OFAC
Signature of the Contract Owner (type name and then sign hard copy):
*All contracts are “owned” by a staff member of the Bank. Contract review and retention should
comply with the Vendor Management Policy of the Bank. The original contract and/or proposal
should be attached to this document and a copy maintained by the contract owner.
Audit Committee should see any contract or vendor agreement where customer information will
be disclosed to the vendor, where the contract will exceed three years or the contract is intended
to be used for auditing purposes or as may be required by other company policy. Audit
Committee may not see each individual contract and/or agreement where the aforementioned are
not involved or Audit Committee has delegated its authority to another party/committee within
Legal counsel should be privy to all contracts and/or binding agreements between the Bank
and any outside party. Refer to the Vendor M n
Legal Department Approval (type name and sign the hard copy):
Committee Approvals as may be necessary:
Audit Committee Approval No Yes N/A
IT Committee Approval No Yes N/A
ALCOApproval No Yes N/A
Board of Directors Approval No Yes N/A
Approval Date(s): _______________________________
This vendor management worksheet
is provided to make the initial
assessement of any and all vendors to
be used by the bank.
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NOVEMBER-DECEMBER 2010 | ABA BANK COMpliANCE | 27