Cheevers Corner

Business Continuity Plan

Cheevers & Company has a Business Continuity Plan (BCP) in place that provides for continued service to our clients within a reasonable amount of time, given the scope and severity of a significant business disruption (SBD).

Recovery Time Objective

The Recovery Time Objective (RTO) current goal is 12 hours or less for critical systems, such as Trading, Institutional Sales and Operations. Other functions that will not have an immediate impact on ongoing business, such as Corporate Finance and Compliance, have a targeted RTO of 36 hours or less.

Significant Business Disruptions

Cheevers & Company’s 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 may rely on other organizations and systems, especially as relates to the capabilities of our clearing firm and counterparties. However, processes are developed with business continuity in mind, embedding the necessary resources and knowledge into our day-to-day operations. Because of our redundancies and the security of our systems, we believe that our exposure to an SBD limited to our firm is minimal.

Contingency Plan

Although no contingency plan can eliminate all risk of service interruption or temporarily impeded account access, the firm continually assesses and updates its BCP to mitigate all reasonable risks. While the specific details of our Business Continuity Plan are proprietary and contain information which is confidential, Cheevers & Company’s policy is to respond to a SBD by safeguarding employees’ lives and firm property, making a financial and operational assessment, quickly recovering and resuming operations, protecting all of the firm’s books and records, and allowing our customers to transact business. As we continue to test our plans and as conditions in our firm and the industry change, we will revise the plan accordingly and as considered necessary. All updates to our disclosure document will be
posted to the website.

Please see the BCP Disclosure for more information or contact Chief Compliance Officer, Ryan Peterson at (312) 663-2799.