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Pershing LLC Business Continuity
Plan
Pershing maintains a business continuity plan,
including redundant data centers and alternate processing facilities, to
address interruptions to our normal course of business. These
plans are reviewed annually and updated as necessary. Our plans
outline the actions Pershing will take in the event of a building,
city-wide, or regional incident, including relocating technology and
operational personnel to preassigned alternate regional facilities.
Technology data processing can also be switched to an alternate regional
data center.
All Pershing operational facilities are equipped for
resumption of business and are tested several times per year. Our
recovery time objective for business resumption, including those
involving a relocation of personnel or technology, is four (4) hours.
This recovery objective may be negatively affected by the unavailability
of external resources and circumstances beyond our control.
In the event your financial organization experiences a
significant business interruption, Pershing may be contacted directly to
process limited trade-related transactions, cash disbursements, and
security transfers. Instructions to Pershing must be in writing
and transmitted via facsimile or postal service as follows:
Pershing LLC
PO Box 2065
Jersey City, New Jersey 07303-2065
Fax: (201) 413-5368
For additional information about how to request funds
and securities when your financial organization cannot be contacted due
to a significant business interruption, please visit the About Pershing
section of the Pershing web site at
www.pershing.com/about.htm
or call (201) 413-3635 for recorded instructions. If you cannot
access the instructions from the web site or previously noted telephone
number, Pershing may be contacted at (213) 624-6100 extension 500 as an
alternate telephone number for recorded instructions.
The following information will be displayed in the
About Pershing section on our web site,
www.Pershing.com:
Business Continuity
Pershing maintains a business continuity plan,
including redundant data centers and alternate processing facilities, to
address interruptions to our normal course of business. These
plans are reviewed annually and updated as necessary.
Our plans outline the actions Pershing will take in
the event of a building, city-wide, or regional incident, including
relocating technology and operational personnel to preassigned alternate
regional facilities. Technology data processing can also be
switched to an alternate regional data center.
All Pershing operational facilities are equipped for
resumption of business and are tested several times per year. Our
recovery time objective for business resumption, including those
involving a relocation of personnel or technology is four (4) hours.
This recovery objective may be negatively affected by the unavailability
of external resources and circumstances beyond our control.
If you are a client of a Pershing customer
experiencing business interruption, please visit the Customer Support
page.
Customer Support
In the event that your financial organization
experiences a significant business interruption, Pershing may be
contacted directly to process limited trade-related transactions, cash
disbursements, and security transfers. Instructions to Pershing
must be in writing and transmitted via facsimile or postal service as
follows:
Pershing LLC
PO Box 2065
Jersey City, New Jersey 07303-2065
Fax: (201) 413-5368
For additional information about how to request funds
and securities when your financial organization cannot be contacted due
to a significant business interruption, please refer to the information
below or call (201) 413-3635 for recorded instructions. If you
cannot access the instructions from the previously noted telephone
number, Pershing may be contacted at (213) 624-6100 extension 500 as an
alternate telephone number for recorded instructions.
The specific transactions Pershing will perform for
clients of our introducing broker-dealers, and the required accompanying
information, are as follows:
Trades:
Pershing will process the following closing security transactions:
- Sale of security position held long in the
client's account
- Buy of a security close-out a short security
position
Pershing will process closing security transactions
upon receipt of written instructions that must include the following
information:
- Client Brokerage account number
- Client name (as registered on the brokerage
account)
- Security description including symbol or CUSIP®
number
- Number of shares
NOTE: All orders will be handled as market orders.
Cash Disbursements
Pershing will process cash disbursements upon written instructions
that must include the following information:
Securities Transfers
Pershing will process security transfer requests upon written
instructions that must include the following information:
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