1.19 National Savings was aware of the potential problem that the new millennium could bring and a project was initiated in 1996 to assess the impact on all systems and services and correct the computer systems. The project was over 95 per cent complete by January 1999, shortly before SBS took on the operational service. SBS accepted the risk and responsibility of ensuring that National Savings' computer systems would be millennium compliant. At the turn of the year, SBS experienced two minor system faults caused by the change of date which have since been rectified.