Seeing as this forum is the only place I have access to a wide range of professions, it seems like a sensible, if odd, place to ask this question regarding two of my clients (I run an IT business).
Scenario: Client 1 is about to lend Client 2 R100 million. Client 1 is a large bank and client 2 is a seller of intangible products, a big multinational. The bank wants the right to shut down Client 2's transactional databases if he violates the terms of the loan. Client 2 agrees to this. The bank has requested us to act on its behalf because we look after client 2's databases. Client 2 agrees to this.
So in the event of a breach, the bank will instruct us to back up and shut down the transactional databases worldwide.
What should I charge the bank for this service?
Scenario: Client 1 is about to lend Client 2 R100 million. Client 1 is a large bank and client 2 is a seller of intangible products, a big multinational. The bank wants the right to shut down Client 2's transactional databases if he violates the terms of the loan. Client 2 agrees to this. The bank has requested us to act on its behalf because we look after client 2's databases. Client 2 agrees to this.
So in the event of a breach, the bank will instruct us to back up and shut down the transactional databases worldwide.
What should I charge the bank for this service?
