This will cause errors in date-sensitive calculations and other issues. Such problems are referred to as the Year 2000 problem. If measures are not taken to address the problem, normal operations of financial institutions will be disrupted, which would lead to disturbances in payment and settlement systems nationwide, the effects of which may spread to other industries.
*  *  *  NB This Review is available on the BIS Worldwide Web site (http://www.bis.org)  __________________________  BIS Review 113/1997