Year 2000 Focus

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The millennium glitch affects your business customers' creditworthiness

By now you know that the Year 2000 problem, if not properly addressed, could seriously disrupt your bank's operations. Regulators require you to focus on the Year 2000 problem, a globally pervasive glitch affecting date-sensitive computer programs. Regulators also expect that you have assessed your bank's situation and have developed action plans, leaving at least 12 months to test any programming fixes that might be necessary. And you have to make sure your thirdparty vendors will remain reliable, viable business partners beyond Dec. 31, 1999.

But the Year 2000 problem doesn't end there for banks. …