Business Continuity Planning - Disclosure Statement

DNB Markets, Inc. has developed a Business Continuity Plan ("BCP") 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 – In the event of a significant business disruption, if you cannot contact us through our main number (212) 551-9800, you should contact one of our sales and trading staff:
Staff Name Mobile Number Bloomberg Email Address
Gianmarco Formichella 646 725 3937
gman-dnb@bloomberg.net /
gianmarco.formichella@dnb.no
John Parker 907 769 7415
jparker.dnb@bloomberg.net /
john.parker@dnb.no
Jim Cirenza
917 769 7380
jcirenza2@bloomberg.net /
james.cirenza@dnb.no
Ellen Kettle 347 439 0572
ekettle2@bloomberg.net /
ellen.kettle@dnb.no
If you still cannot reach us, you should contact our Houston office at (832) 214-5800.

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 affiliate, DNB Bank ASA, 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 affiliate that its objective is to restore its own operations and be able to complete existing transactions and accept new transactions and payments within the time periods called for in its own Business Recovery Plan, which should in most cases be within 24 hours.
 
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 twenty-four 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 twenty-four 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, 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 200 Park Avenue, New York, New York 10166; telephone 212-681-3800; e-mail compliance.marketsinc@dnb.no.
 
Contact us
DNB Markets, Inc. New York

Telephone:
+ 1 212 551 9800
+ 1 212 681 3800 (switchboard)
 
Address:
200 Park Avenue, 31st Floor
New York, N.Y. 10166-0396
USA
 
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