Question

. Preventive Maintenance and Breakdown Maintenance

09 Jul 2026
Answer :
Word Count : 527
Preventive maintenance and breakdown maintenance are two important approaches used in the management of assets, equipment, and infrastructure in financial and operational systems. In the context of currency and debt markets, maintaining efficient market infrastructure, such as trading platforms, settlement systems, data networks, and banking systems, is essential for ensuring smooth functioning and reducing operational risks. Preventive maintenance refers to the planned and systematic maintenance activities performed before any failure or breakdown occurs. The main objective of preventive maintenance is to identify potential problems in advance and take corrective actions to avoid disruptions. In currency and debt markets, preventive maintenance involves regular monitoring, updating, and testing of electronic trading systems, payment gateways, clearing and settlement mechanisms, and risk management software. Financial institutions and market regulators conduct periodic checks to ensure that systems remain secure, reliable, and capable of handling large transaction volumes. For example, banks and financial institutions involved in foreign exchange and
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