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Home > About the BSC > Market Compliance > Performance Assurance > Performance Assurance Techniques
The Performance Assurance Framework (PAF) is a complementary set of preventive, detective, incentive and remedial assurance techniques. These techniques are used flexibly to address Settlement Risks.
The techniques must address both risks to Settlement and the impact of actual failures or errors in Settlement.
The Performance Assurance Board (PAB) produces a Risk Operating Plan (ROP) each year which sets out the techniques it intends to use to address Settlement Risks.
What's a Settlement Risk?
Anything that could pose a risk to accurate Settlement: it could be a failure in a process or an error in data. Settlement Risks are identified in the Risk Evaluation Register (RER).