Nth-party service provider

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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


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