Texture Capital Inc. has developed a Business Continuity Plan on how we will respond to an unplanned significant business disruption (“SBD”). The plan anticipates three kinds of SBDs: Physical, Technical and external.
- Internal SBD, such as a fire in the building affect only Texture Capital’s ability to communicate and do business from its office location.
- Technical SBD, such as systems crash, may affect the ability of Customers to utilize Texture Capital’s platform.
- External SBDs, such as a terrorist attack, a city flood, or a wide-scale, regional disruption, including pandemics prevent the operation of the securities markets or impact a number of firms. Texture Capital’s response to an external SBD relies more heavily on other organizations and systems, especially on the capabilities of the area’s utility companies and municipal authorities.
In general, we conduct our business at multiple locations and utilize remote cloud computing services which are regularly backed up. Our BCP is designed to ensure that if one of our locations or means of communication suffers a disruption in service, our other locations or communications systems can cover our critical business functions.
Although no contingency plan can eliminate all risk of service interruption, Texture Capital Inc. assesses and updates its BCP to mitigate reasonable risks. Texture Capital’s policy is to respond to a significant business disruption by safeguarding employees lives and firm property, making a financial and operational assessment, quickly recovering and resuming operations, protecting Texture Capital’s books and records, and allowing Texture Capital subscribers to continue 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.
In the event of an SBD Texture Capital customers should contact: