Additional Information
Settlement Ops Information
Dealerweb Inc. maintains separate settlement accounts at both the Mortgage-Backed Securities Division (MBD) and the Government Securities Division (GSD) of FICC for comparison and netting of all electronically traded transactions executed on the Dealerweb platform. As a Broker Clearing member of MBD, and a netting member of GSD submits all transactions to MBD and GSD in real-time. Dealerweb’s electronic platform utilizes secure, fully-redundant networks in communicating with the clearing corporation.
BCP Statement
The Dealerweb electronic system is fully-redundant and replicated in real-time in its two primary locations. Dealerweb maintains a Business Continuity Plan including redundant networks, hardware, data centers and alternate operational facilities to address interruptions to its normal course of business. These plans are reviewed periodically and updated as necessary. The plans outline the actions Dealerweb will take in the event of significant business interruptions including relocating technology and operational personnel to pre-assigned alternate facilities. Data is replicated in real-time and mission critical systems can be switched to alternate data centers when required. Dealerweb alternate operational facilities are equipped for continuation and resumption of business and settlement responsibilities, and are used in an ongoing basis.
Dealerweb recovery time objectives for business resumption, including those involving a relocation of personnel or technology are in line with industry standards.