---
sourceDocument: Australia Governance, Risk, and Compliance
sourceDocumentLink: https://servicenow-prod.fluidtopics.net/r/governance-risk-compliance

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    - australia

ft:locale :

    - en-US

ft:publication_title :

    - Australia Governance, Risk, and Compliance

ft:clusterId :

    - grc

bundleId :

    - grc

workflow :

    - Technology


---

# Create an ORX external event

# Create an ORX external event {#ariaid-title1}

* Release version: Australia
* 
* Updated March 12, 2026
* 
* ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 2 minutes to read

Create an Operational Riskdata eXchange (ORX) external risk event to share the risk
event of your company with other organizations. This exchange of risk events information
acts as a learning for other organizations in the industry and prevents them from making the
same errors.

## Before you begin

Role required: sn_risk_workspace.operational_risk_manager

## About this task

The ORX association enables operational and non-financial risk professionals to collect, measure and analyse data in an effective way that is consistent with industry. To view and create an ORX event, you must enable the Show ORX External Events property.

## Procedure

1. Navigate to AllRiskRisk WorkspaceExternal risk eventsORX events.
2. Click New.
3. On the form, fill in the fields.  
   {#create-orx-event__table_FloorForm__entry__2}

   | Field | Description |
   |-|-|
   | Name | Name of the risk event |
   | Description | Brief description of the event. |
   | Company details ||
   | Company | Company in which the event occurred. |
   | Region | Region in which the event occurred. |
   | Role of the firm | Role the firm had in relation to the transaction. |
   | Business line level 2 | Business line of the event. |
   | Country | Country in which the event occurred. |
   | Counterparty | Type of counterparty or claimant that is involved in the event. |
   | ORX member | Option to show if the company is an existing ORX member. |
   | Loss details ||
   | Loss event id | ID of the loss event. |
   | Loss category | Category of the loss. |
   | Event type level 2 | Level 2 of the event such as corporate finance, merchant banking and so on. |
   | Process code | Code of the process. |
   | Product code | Code of the product. |
   | Open | Option to denote if the risk event is open. |
   | Sources | Source of the event. |
   | Classification ||
   | Boundary risk | Operational risk event which triggers a consequence for example, financial loss in another risk category. |
   | AMA status | Advanced measurement approach (AMA) is one of three possible operational risk methods that can be used under Basel II by a bank or other financial institution. |
   | Financial amounts ||
   | Gross loss amount | Gross loss amount. |
   | Direct recovery | Any payment other than an indirect recovery received by the firm which offsets the loss. |
   | Indirect recovery | Recovery made through insurance. |
   | Net Loss (in Local Currency) | Net loss incurred in the local currency. |
   | Net Loss (in Euro) | Net loss incurred converted to Euros. |
   | Key dates ||
   | Date of discovery | Date the event was discovered. |
   | Date of event start | Date the event started |
   | Date of settlement | Date the event was settled. |
   | Date of publication | Date the even was published. |
   | Date of event finish | Date the event finished. |
   | Cause ||
   | Cause level 3 | Third cause level of the event. |
   | Additional details ||
   | Jurisdiction | Jurisdiction of the event. |
   | Scenario category | Category of the scenario such as conduct, external fraud, technology and so on. |
   | Environmental volatility | Aspect of the environment or circumstances in which the bank was operating at the time of the event. |
   | Activity ||
   | Work notes | Notes that are visible to any responder to this event, their manager, or an administrator. |
   | Additional comments | Additional comments about this event. |
   [Table 1. New ORX external event form]

   {#create-orx-event__table_FloorForm}

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