| I-BANKERS SECURITIES
Business Continuity Planning Disclosure Statement
I-Bankers Securities has developed a Business Continuity Plan on
how we will respond to events that significantly disrupt our business.
Since the timing and impact of disasters and disruptions is unpredictable,
we will have to be flexible in responding to actual events as they
occur. With that in mind, we are providing you with this information
on our business continuity plan.
Contacting Us - If after a significant business
disruption you cannot contact us as you usually do at 214.687.0020,
you should call our alternative number 817.291.8962. If you cannot
access us through either of those means, you should contact our
clearing firm, Ridge Clearing & Outsourcing Solutions, at 800-221-354
( www.ridgeclearing.com )
for instructions on how it may provide services to you in the event
of a significant business disruption. Such services may include
prompt access to funds and securities, entering of orders and processing
of other trade-related, cash, and security transfer transactions.
Our Business Continuity Plan - We plan to quickly
recover and resume business operations after a significant business
disruption and respond by safeguarding our employees and property,
making a financial and operational assessment, protecting the firm's
books and records, and allowing our customers to transact business.
In short, our business continuity plan is designed to permit our
firm to resume operations as quickly as possible, given the scope
and severity of the significant business disruption.
Our business continuity plan addresses: data back up and recovery;
all mission critical systems; financial and operational assessments;
alternative communications with customers, employees, and regulators;
alternate physical location of employees; critical supplier, contractor,
bank and counter-party impact; regulatory reporting; and assuring
our customers prompt access to their funds and securities if we
are unable to continue our business.
Our clearing firm, Ridge Clearing & Outsourcing Solutions,
backs up our important records in a geographically separate area.
While every emergency situation poses unique problems based on external
factors, such as time of day and the severity of the disruption,
we have been advised by our clearing firm that its objective is
to restore its own operations and be able to complete existing transactions
and accept new transactions and payments as soon as possible. Your
orders and requests for funds and securities could be delayed during
this period.
Varying Disruptions - Significant business disruptions
can vary in their scope, such as only our firm, a single building
housing our firm, the business district where our firm is located,
the city where we are located, or the whole region. Within each
of these areas, the severity of the disruption can also vary from
minimal to severe. In a disruption to only our firm or a building
housing our firm, we will transfer our operations to a local site
when needed and expect to recover and resume business within twenty
four hours. In a disruption affecting our business district, city,
or region, we will transfer our operations to a site outside of
the affected area, and recover and resume business within forty
eight hours. In either situation, we plan to continue in business,
transfer operations to our clearing firm if necessary, and notify
you through our web site www.ibsgroup.net
, or our customer emergency number, 817.291.8962 how to contact
us. If the significant business disruption is so severe that it
prevents us from remaining in business, we will assure our customer's
prompt access to their funds and securities.
For more information - If you have questions
about our business continuity planning, you can contact us at 214.687.0020
or by email usa@ibsgroup.net.
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