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Business Continuity Plan

Disclosure Statement

Global Arena Capital Corp Business Continuity Planning Disclosure

Global Arena Capital Corp, provide financial services using computer and telephone systems. The events of September 11, 2001 emphasized the importance of the capital markets to our economy. As a result, we have been working on improving our responses to various situations that have the potential to impact our ability to serve you. This disclosure document is designed to provide you with information on how we have approached and/or plan to approach various situations that we may encounter.

Overview of Global Arena Capital Corp

Global Arena Capital Corp, a Member Firm of the FINRA and SIPC is a full-service brokerage firm providing customers with execution services on all major exchanges and access to all major markets. These functions are provided primarily in New York, New York with various broker, and trading systems.

Global Arena Capital Corp uses various mission critical systems to provide these services to our customers.

Our business continuity planning ("BCP") first insures the safety and security of our employees. The events of 9/11 emphasized the unique skill sets of personnel who work in our industry and the need to put their safety first so that after an interruption they are able to continue serving our customers. In addition to protecting our personnel, our BCP and daily operations are focused on preserving our critical firm and customer data through daily back ups which are then moved off-site via media and/or real time and near real time electronic copies of our data at remote locations. Our industry is heavily interconnected with data connections ranging from dial-up modem communication, dedicated private lines, and in many cases, the Internet through encrypted sessions.

Business Continuity Planning Response Scenarios

The details of our BCP are proprietary and contain information, which is confidential and in many cases potentially harmful to Global Arena Capital Corp and our customers if publicly available. The following series of scenarios are presented to disclose to you our planned approach for dealing with a variety of hypothetical Significant Business Disruptions (SBD's), but based on the number of variables present in each situation. Global Arena Capital Corp cannot guarantee we will follow these procedures.

Scenario 1: An event occurs, like 9/11, which causes the complete shut down of securities trading, clearance/settlement or other banking services nationwide.
Global Arena Capital Corp plans to continue business during this type of event and will await the reopening of the affected institutions. Unless a securities industry holiday is declared, we plan to be open each business day until full functionality is restored. The recovery time in this scenario will be dependent on the timing specified by the impacted organizations. We plan to be ready to open when they reopen.
Scenario 2: A specific exchange is unable to trade. (Nationwide)
Global Arena Capital Corp plans to continue business during this type of event and will route order flow to alternative exchanges. Our recovery time objective for this scenario is less than one hour.
Scenario 3: Our headquarters location is closed (708 Third Avenue, 11th Floor, New York, NY 10017).

Global Arena Capital Corp plans to continue business during this type of event and will transfer mission critical activities to other offices. Assuming no access to and no power to the building, the planned recovery time objective for mission critical activities is four hours.

Our planned recovery times for business resumption may be negatively impacted by the unavailability of external resources and other circumstances beyond our control.

Updates to this disclosure

As we continue to test our plans and as conditions in our firm and the industry change, we will revise the plans as considered necessary. Whenever we update this disclosure document we will promptly place a copy of it on our website. You may request a hard copy of this disclosure in its current revision be sent to you any time by mail.

Clients may reach Global Arena Capital Corp at (212)-508-4700

 

 



 

Member of SIPC. Securities in your account protected up to $500,000. For details, please see www.sipc.org.

Member FINRA and SIPC

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