The first step in the methodology is to identify the vital services that need to be documented. This process involves evaluating the criticality of activities within the organization. The list of vital services is an input to this end-to-end methodology[1], and architects create an ArchiMate view to represent these services in the model.
During the identification process, the RISK ORM team, along with other operational risk management actors, considers several criteria. These criteria include financial impact, regulatory impact, and reputational impact. The methodology provides detailed guidelines on how to assess the criticality of services based on these criteria. Architects can refer to this policy to understand the criteria and their implications.
Once the vital services are identified, architects document them as ArchiMate Business Services. Each service is assigned attributes such as name, category, owner, and description. These attributes provide important information about the service and its role within the organization.
A single view is created[2] to make the list of vital services easily accessible. This view should show the services' key information in a simple way (see example below).
The documentation of vital services serves as a reference for stakeholders to understand the criticality and dependencies of each service. It provides a clear overview of the organization's key activities and helps in prioritizing resources and risk management efforts.
The following table illustrates the seven vital services identified for the Payments & Settlement domain.
| # | Name | Category | Owner | Description |
|---|---|---|---|---|
| 1 | Payment Services – High Value Payments | Payments | CIB / CPBS | High value transactions, typically treasury / intra-company payments and payments with FOREX / currency exchange payments. |
| 2 | USD Clearing & Payments | Payments | CIB | Responsible for all USD flows for BNP Paribas Group (95% internal market share). Based on daily volumes. |
| 3 | Cash Payments | Payments | CIB | Operating payments instructions for clients or BP2S activities (liquidity management, margin call, issuer payments). |
| 4 | Correspondent Banking EURO Payments (excl. SEPA) | Payments | CIB | Banking services for financial institutions in 4 main categories: Clearing and Payment Processing in EUR and participation, e-banking tool for Reporting and Balances (excluding SEPA). |
| 5 | Repo | Settlement | CIB | Covers a range of products mainly Repo and Securities Lending. The underlying securities are Fixed Income and other issuers. |
| 6 | Local Securities Settlement | Settlement | CIB | Managing securities settlement instructions with central securities depositories (Local Settlement on Target, Portugal, Hong Kong and UK). |
| 7 | FX CASH (incl. BP2S FOREX) | Cash | CIB | Covers a range of FX products including FX Spot, FX Swaps, FX Forwards, denominated in G10 and Emerging Markets. |