Nth-party service provider

Supply chain - suppliers - financial services - third-party service providers - Financial Stability Board (FSB).

As defined by the Financial Stability Board (FSB), an nth-party service provider is part of a third-party service provider’s supply chain and supports the ultimate delivery of services to one or more financial institutions.

In turn, a third-party service provider is one that provides services to one or more financial institutions under a third-party service relationship.

"Nth-party service providers may be referred to as sub-contractors, sub-outsourced service providers or indirect service providers.

A fourth-party service provider provides services to one or more third-party service providers, and this concept can be further extended into nth-party service providers."

Enhancing Third-Party Risk Management and Oversight: A toolkit for financial institutions and financial authorities, Financial Stability Board (FSB), December 2023.

See also

• Contractor
• Financial authority
• Financial institution
• Financial Stability Board (FSB)
• Intra-group service provider
• Outsourcing
• Service provider
• Subcontractor
• Supply chain
• Third party
• Third-party risk
• Third-party service provider
• Third-party service relationship

External link

• Enhancing Third-Party Risk Management and Oversight: A toolkit for financial institutions and financial authorities, Financial Stability Board, December 2023