OUTSET has entered into a Fully Disclosed Clearing Agreement with Goldman Sachs & Co. LLC. (DTC # 0005)
FINRA website: finra.org
FINRA BrokerCheck website: brokercheck.finra.org
FINRA BrokerCheck hotline: (800) 289-9999
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 backup and recovery; 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 notifying our customers if we are unable to continue our business.
Our clearing firm, Goldman Sachs 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 within a reasonable time period. Your orders could be delayed during this period.
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 a day. 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 a week. In either situation, we plan to continue in business, transfer operations to our clearing firm if necessary, and notify you through our web site (listed above) or our customer emergency numbers (both listed above how to contact us. If the significant business disruption is so severe that it prevents us from remaining in business, we will notify our customers accordingly.
For more information
If you have questions about our business continuity planning, you can contact us at 212 390 0904 or email@example.com.