BCP Disclosure


Business Continuity Plan Summary

Brinson Patrick Securities Corporation (BPSC) has created a contingency planning and recovery process in the event of a Significant Business Disruption (SBD). Our plan anticipates two kinds of SBDs, internal and external. Internal SBDs affect only our firm’s ability to communicate and do business, such as a fire in our building. External SBDs prevent the operation of the securities markets or a number of firms, such as a terrorist attack, a city flood, or a wide-scale, regional disruption. Our response to an external SBD relies more heavily on other organizations and systems, especially on the capabilities of our clearing firm.

Our plan primarily covers the firm’s trading operations which will allow us to implement alternate procedures to accept and enter customer orders immediately following any type of SBD. We plan on conducting business during both types of SBD’s unless the major exchanges are closed or we encounter a capital deficiency and can not meet our business obligations.

BPSC is an introducing broker/dealer and does not perform any type of clearing function for itself or others. Our clearing firm provides order execution, clearing, order comparison, order allocation, and the maintenance of customer accounts, delivery of funds and securities, and access to customer accounts. In the event of a SBD at their main headquarters, our clearing firm has developed an independent disaster recovery site that will enable us to enter customer orders. 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 24 hours.

We have implemented this plan to recover the firm’s critical information, establish alternate communications with our major and critical business constituents as well as our customers. We will also initiate the process of remote call forwarding with our local phone carrier for all the firm’s business numbers.

This plan is subject to modifications and customers may obtain updated summaries by requesting a written copy by mail.