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SLA In Banking
1. Parties: Identification of the service provider and the banking institution, including full legal names and registration details
2. Background: Context of the agreement, relationship between parties, and purpose of the SLA
3. Definitions: Detailed definitions of technical terms, service metrics, and key concepts used throughout the agreement
4. Service Description: Comprehensive description of the services to be provided, including scope and boundaries
5. Service Levels: Specific, measurable performance metrics and standards that the service provider must meet
6. Performance Monitoring: Methods and procedures for measuring and reporting service performance
7. Service Availability: Guaranteed uptime, maintenance windows, and response times
8. Incident Management: Procedures for reporting, handling, and resolving service incidents
9. Security Requirements: Security standards, data protection measures, and compliance requirements
10. Business Continuity: Disaster recovery and business continuity requirements
11. Reporting Requirements: Regular reporting obligations, including format, frequency, and content
12. Governance: Service review meetings, escalation procedures, and communication protocols
13. Financial Terms: Pricing, payment terms, and financial penalties for service level breaches
14. Term and Termination: Duration of agreement, renewal terms, and termination conditions
15. General Provisions: Standard legal clauses including governing law, dispute resolution, and force majeure
1. Transition Services: Details of service transition arrangements, used when implementing new services or transferring from another provider
2. Third-Party Integration: Requirements for integration with other service providers or systems, included when multiple vendors are involved
3. Regulatory Compliance: Specific regulatory requirements and compliance measures, detailed separately when complex requirements exist
4. Innovation and Continuous Improvement: Framework for service improvements and technological updates, included for long-term strategic partnerships
5. Data Migration: Procedures for data transfer and migration, included when significant data movement is part of the service
6. Staff Requirements: Specific staffing, qualification, or security clearance requirements, included when staff-specific requirements are crucial
7. Intellectual Property Rights: Detailed IP provisions, included when custom development or proprietary systems are involved
1. Schedule 1 - Service Specifications: Detailed technical specifications of all services covered under the SLA
2. Schedule 2 - Service Level Metrics: Detailed metrics, measurement methods, and calculation formulas for all service levels
3. Schedule 3 - Pricing and Payment: Detailed pricing structure, payment schedules, and penalty calculations
4. Schedule 4 - Security Standards: Comprehensive security requirements, including technical standards and protocols
5. Schedule 5 - Business Continuity Plan: Detailed disaster recovery and business continuity procedures
6. Schedule 6 - Operational Procedures: Day-to-day operational procedures, escalation matrices, and contact details
7. Schedule 7 - Compliance Requirements: Detailed regulatory compliance requirements and reporting procedures
8. Appendix A - Technical Infrastructure: Documentation of technical infrastructure and system architecture
9. Appendix B - Report Templates: Templates for all required service reports and performance measurements
10. Appendix C - Contact Matrix: Contact details and roles of key personnel from both parties
Authors
Applicable Law
Authorized Users
Banking Core Hours
Banking Day
Business Continuity Plan
Change Management
Confidential Information
Critical Service
Customer Data
Data Protection Laws
Disaster Recovery Plan
Downtime
Emergency Maintenance
Escalation Matrix
Force Majeure
Incident
Incident Response Time
Key Performance Indicators
Maintenance Window
Major Incident
Monthly Service Report
Normal Business Hours
Parties
Planned Maintenance
Priority Levels
Processing Time
Recovery Point Objective
Recovery Time Objective
Resolution Time
Response Time
Security Breach
Service
Service Credits
Service Hours
Service Level Failure
Service Level Measurement Period
Service Level Requirements
Service Provider
Service Recipient
System
System Availability
Third-Party Provider
Transaction
Uptime
Urgent Change
User Acceptance Testing
Performance Monitoring
Service Availability
Incident Management
Security Requirements
Data Protection
Confidentiality
Business Continuity
Disaster Recovery
Reporting Obligations
Change Management
Governance
Financial Terms
Service Credits
Liability
Force Majeure
Term and Termination
Intellectual Property
Regulatory Compliance
Audit Rights
Subcontracting
Personnel Requirements
Dispute Resolution
Assignment
Notices
Entire Agreement
Severability
Governing Law
Jurisdiction
Amendments
Third Party Rights
Insurance
Indemnification
Warranties
Non-Solicitation
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