Opening a Bank Account in an Emergency Situation

1	Step Receive official opening letter from the Treasurer, shortly after verbal or written authorization.	Responsible Party RR/Business Unit Head	Template/Guideline	Explanatory Notes
2	Step In an emergency, open UNDP back account without the authorization of the Treasurer if the CO Representative is unable to contact the Treasurer.	Responsible Party RR/Business Unit Head	Template/Guideline	Explanatory Notes
3	Step Inform the Treasurer about the new bank account as soon as possible after the action is taken.	Responsible Party RR/Business Unit Head	Template/Guideline	Explanatory Notes
4	Step Document the account opening action, create the bank account in Quantum, provide necessary instruction to CO.	Responsible Party Treasurer	Template/Guideline	Explanatory Notes