Deep Thoughts...

Wednesday, December 13, 2006

Week 8: Research

http://www.simmonsco-intl.com/bus_continuity.asp

At Simmons and Company International is an independent investment bank that specializes in the energy industry and oil with different companies and money transactions. On their main page of the continuity plan gives instructions of how their employees and clients can contact them through an emergency hot line, e-mail, or through their clearing firm Pershing LLC for trade-related transactions. The main page reinforces how all business transactions will continue no matter what happens and that the records of all transactions will never be lost.
"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. "

http://www.newyorklife.com/cda/0,3254,14162,00.html

The NYLife Securities is a registered broker-dealer and part of the New York Life Insurance Company. What is different about their main page is that it does not mention anything about employees, but only their clients. The website reassures that the business will continue no matter what happens and includes safeguards of active plans that are being tested.
"-Assisting in a timely and accurate assessment of any situation and identifying the potential impact on any critical business functions of the organization.
-Establishing priorities for recovery of impacted critical business operations, and effectively allocating resources to the recovery effort.
-Having procedures in place to recover supported critical business functions within a reasonable time frame.
-Identifying the key individuals who will participate in any recovery and restoration processes.
-Having procedures in place to restore normal operations as soon as possible. "

Quarantine v. Isolation:
Quarantine is when people have been exposed to an infection disease and may be infected, but are not showing symptom's of the disease at the present time. People are asked to stay at home to prevent the disease from spreading and report to health authorities on how they are feeling. Isolation is when people are exposed to a contagious disease and are now sick from it. These people are then isolated at home or a health-care facility and remain there until they are cured.

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