ASD Financial Services Corporation Business Continuity Planning
ASD Financial Services Corporation (“ASD”) 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 786-552-0041, cjames@asdfinancialservices.com , you should call our alternative
number 786-436-7281. If you cannot access us through either of those means, you should
contact our clearing firm, Ridge Clearing (“Ridge”), at www.ridgeclearing.com, 1-888-294-5681
for instructions on how you obtain provide prompt access to your funds and securities, enter
orders and process 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, 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 within a as soon as possible. Your orders and requests
for funds and securities could be delayed during this period. You can read about: Ridge’s
Business Continuity Plan located at: http://www.ridgeclearing.com/BCP_Ridge.pdf
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
24 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 48 hours. In either situation, we plan to continue in business, transfer
operations to our clearing firm if necessary, and notify you through our customer emergency
number, 786-436-7281, 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 786-552-0041, cjames@asdfinancialservices.com
