The likelihood of the risk materializing within the next 12 months is 10% to 50% likely to happen. JinQiu is a supplier of many banks(including HSBC Group) to provide the integrated IT solutions based on the financial industry. TRF did not have relevant internal incidents in the past 5 years. Even so, HACN can get a replacement for the services at any moment. In the absence of any controls in HSBC to manage Third Parties throughout the life cycle, an occurrence could be likely. However, if it is assumed that it is not plausible that this would be combined with an equal lack of controls, managerial oversight or responsibility, capacity planning, business continuity planning on the part of the third party, then the likelihood rating would fall to Unlikely – as this combination of failures by both HSBC and the Third party would be implausible