For example, the customer losing services for its call centre or IT infrastructure management or its business process (such as reconciliation or payment processing) translates into
losing operational time, revenue and reputation.
Not exact matches
A number of
operational features were required to implement such an overnight reverse repo, or ON RRP, facility: It would need same - day settlement; 16 the operation would need to be run predictably, every day, and as late in the day as possible, to give lenders
time to bargain with other counterparties using the outside option of investing with the Federal Reserve; 17 an appropriate spread below IOR would be required to ensure that the facility neither induced large changes in the structure of money markets nor
lost the ability to support interest rate control; 18 and the operations would need enough unused capacity that lenders could credibly propose to leave borrowers that did not offer an adequate interest rate.19
We
lost eight months before the plan could become fully
operational, which was a terrible loss and waste of
time.
At the same
time people also want to keep turnover low as sourcing, hiring, training, in addition to
lost experience and
operational slowdowns can amount to big costs.