EDDID SECURITIES USA INC.'S BUSINESS
CONTINUITY PLANNING
Eddid Securities USA Inc. ("Eddid USA" or "Firm") 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 212-363-6888, help@eddidusa.com you should call our alternative number 929-232-1288 or go to our website at www.eddidusa.com. If you cannot access us through either of those means, you should contact our clearing firm, Velocity Clearing, LLC, at 201-706-7157 for instructions on how to obtain prompt access to 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 backup 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, Velocity Clearing, LLC, 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 the shortest time period possible. Your orders and requests for funds and securities could be delayed during this period.
While no business continuity plan can eliminate all risk or delay resulting from an unexpected interruption in service, we continually assess, update and test our plans to ensure that Eddid Securities USA Inc. has taken the steps necessary to protect our clients.
Our plan will be reviewed and updated and any modifications to our plan will be reflected in this Business Continuity Plan Statement, which will be posted on our Website at www.eddidusa.com
For more information - If you have questions about our business continuity planning, you can contact us at 212-363-6888 or help@eddidusa.com.
EDDID SECURITIES USA INC. VERSION 2023.01.01