Common use of Expanded Bank Deposit Sweep Clause in Contracts

Expanded Bank Deposit Sweep. The Expanded Bank Deposit Sweep is the primary Cash Sweep Vehicle for eligible customers. The Expanded Bank Deposit Sweep consists of interest bearing deposit accounts at affiliated and unaffiliated Program Banks. The Expanded Bank Deposit Sweep will provide up to $1.25 million in FDIC insurance ($2.5 million for joint accounts with two or more owners). You may, at any time, elect to exclude the unaffiliated Program Banks from the Expanded Bank Deposit Sweep. If you make this election, you will be in the Standard Bank Deposit Sweep and only two Affiliated Banks will receive your un-invested cash. You may not designate that Affiliated Banks be excluded from the Expanded Bank Deposit Sweep or exclude less than all of the unaffiliated Program Banks. Electing to exclude the unaffiliated Program Banks will result in your un- invested cash not being deposited into those banks or, if already deposited to those banks, we will withdraw your funds from those banks and deposit the funds with the Affiliated Banks in the Standard Bank Deposit Sweep. You will have less FDIC insurance coverage available if you choose to exclude the unaffiliated Program Banks and, if you have sweep deposits in excess of $500,000 ($1 million for joint accounts) you may have uninsured deposits at the Affiliated Banks through the Standard Bank Deposit Sweep. You need to contact us if you wish to change to the Standard Bank Deposit Sweep. Eligible customers may select the Standard Bank Deposit Sweep at account opening or subsequently at any time after the account is opened. Retirement accounts in discretionary advisory programs managed by the Clearing Firm are not eligible for the Expanded Bank Deposit Sweep. Standard Bank Deposit Sweep The Standard Bank Deposit Sweep is available as an alternative to the Expanded Bank Deposit Sweep. The Standard Bank Deposit Sweep consists of interest-bearing deposit accounts at two Program Banks affiliated with our Clearing Firm ("Affiliated Banks"). The Standard Bank Deposit Sweep will provide up to $500,000 in FDIC insurance ($1 million for joint accounts with two or more owners). Retirement accounts in discretionary advisory programs managed by the Clearing Firm are eligible only for the Standard Bank Deposit Sweep, thus for such accounts the primary Cash Sweep Vehicle is the Standard Bank Deposit Sweep. If you do not select a Cash Sweep Vehicle, un-invested cash balances will be placed in the FDIC-Insured Bank Deposit Sweep.

Expanded Bank Deposit Sweep. The Expanded Bank Deposit Sweep is the primary Cash Sweep Vehicle Option for eligible customers. The Expanded Bank Deposit Sweep clients and consists of interest interest-bearing deposit accounts at banks both affiliated and unaffiliated with our Clearing Agent (“Affiliated Banks” and “Unaffiliated Banks,” together the “Program Banks”). The Expanded Bank Deposit Sweep will provide up to $250,000 in FDIC insurance per Program Bank ($500,000 per Program Bank for joint accounts with two or more owners). As of the date of this Disclosure Statement, the Expanded Bank Deposit Sweep makes five Program Banks available, resulting in up to $1.25 million in available FDIC insurance ($2.5 million for joint accounts with two or more owners). You may, at any time, elect to exclude the unaffiliated Program Banks from If your account is in the Expanded Bank Deposit Sweep. If you make this election, you will depending on market conditions and/or the size of your account, cash may be in the Standard Bank Deposit Sweep and swept to only two Affiliated Banks will receive your un-invested cashBanks, to only Unaffiliated Banks, or to a mix of both. You may not designate that elect to exclude the Affiliated Banks be excluded from the Expanded Bank Deposit Sweep or exclude less than all of the unaffiliated Program Unaffiliated Banks. Electing However, you may, at any time, elect to exclude not use all the unaffiliated Program Unaffiliated Banks, and by doing so, move to the Standard Bank Deposit Sweep where only Affiliated Banks will result in receive your un- invested uninvested cash. Choosing the Standard Bank Deposit Sweep will stop your uninvested cash not from being deposited into those banks orthe Unaffiliated Banks and, if deposits have already deposited to those banksbeen made, we will withdraw your funds from those banks will be withdrawn and deposit the funds deposited with the Affiliated Banks in the Standard Bank Deposit Sweep. You will have less FDIC insurance coverage available if you choose move to exclude the unaffiliated Program Banks and, if Standard Bank Deposit Sweep and you may have sweep uninsured deposits for amounts in excess of $500,000 ($1 million for joint accounts) you may have uninsured deposits at the Affiliated Banks through the Standard Bank Deposit Sweep. You need to contact us if you wish to change to the Standard Bank Deposit Sweep. Eligible customers may select the Standard Bank Deposit Sweep at account opening or subsequently at any time after the account is opened. Retirement accounts in discretionary advisory programs managed by the Clearing Firm are not eligible for the Expanded Bank Deposit Sweep. Standard Bank Deposit Sweep The Standard Bank Deposit Sweep is available as an alternative to the Expanded Bank Deposit Sweep. The Standard Bank Deposit Sweep consists of interest-bearing deposit accounts at two Program Banks affiliated with our Clearing Firm ("Affiliated Banks"). The Standard Bank Deposit Sweep will provide up to $500,000 in FDIC insurance ($1 million for joint accounts with two or more owners)) at the Affiliated Banks. Eligible clients may select the Standard Bank Deposit Sweep at account opening or by contacting your Introducing Firm at any time after the account is opened. By entering into an account agreement where the Expanded Bank Deposit Sweep is offered, you will be treated as having approved the use of the Expanded Bank Deposit Sweep for your account unless you elect otherwise. Retirement accounts in discretionary advisory programs managed by the Clearing Firm are eligible Agent cannot elect the Expanded Bank Deposit Sweep and may only for use the Standard Bank Deposit SweepSweep as their Bank Deposit Sweep Program. In addition, thus certain commercial and public fund account types are ineligible for such accounts either Bank Deposit Sweep Program and a taxable Money Market Fund will serve as the primary Cash Sweep Vehicle is the Standard Bank Deposit Sweep. If you do not select a Cash Sweep Vehicle, un-invested cash balances will be placed in the FDIC-Insured Bank Deposit SweepOption for those accounts.

Expanded Bank Deposit Sweep. The Expanded Bank Deposit Sweep is the primary Cash Sweep Vehicle for eligible customersclients. The Expanded Bank Deposit Sweep consists of interest bearing deposit accounts at affiliated and unaffiliated Program Banks. The Expanded Bank Deposit Sweep will provide up to $250,000 in FDIC insurance per Program Bank ($500,000 per Program Bank for joint accounts with two or more owners). As of the date of this Disclosure Statement, the Expanded Bank Deposit Sweep makes five Program Banks available, resulting in up to $1.25 million in available FDIC insurance ($2.5 million for joint accounts with two or more owners). You may, at any time, elect to exclude the unaffiliated Program Banks from the Expanded Bank Deposit Sweep. If you make this election, you will be in the Standard Bank Deposit Sweep and only two Affiliated Banks will receive your un-invested uninvested cash. You may not designate that Affiliated Banks be excluded from the Expanded Bank Deposit Sweep or exclude less than all of the unaffiliated Program Banks. Electing to exclude the unaffiliated Program Banks will result in your un- invested uninvested cash not being deposited into those banks or, if already deposited to those banks, we will withdraw your funds from those banks and deposit the funds with the Affiliated Banks in the Standard Bank Deposit Sweep. You will have less FDIC insurance coverage available if you choose to exclude the unaffiliated Program Banks and, if you have sweep deposits in excess of $500,000 ($1 million for joint accounts) you may have uninsured deposits at the Affiliated Banks through the Standard Bank Deposit Sweep. You need to contact us if you wish to change to the Standard Bank Deposit Sweep. Eligible customers clients may select the Standard Bank Deposit Sweep at account opening or subsequently at any time after the account is opened. Retirement accounts in discretionary advisory programs managed by the Clearing Firm Agent are not eligible for the Expanded Bank Deposit Sweep. Standard Bank Deposit Sweep The Standard By entering in an account agreement where the Expanded Bank Deposit Sweep is available offered, you will be treated as an alternative to having approved the use of the Expanded Bank Deposit Sweep. The Standard Bank Deposit Sweep consists of interest-bearing deposit accounts at two Program Banks affiliated with our Clearing Firm ("Affiliated Banks"). The Standard Bank Deposit Sweep will provide up to $500,000 in FDIC insurance ($1 million for joint accounts with two or more owners). Retirement accounts in discretionary advisory programs managed by the Clearing Firm are eligible only for the Standard Bank Deposit Sweep, thus for such accounts the primary Cash Sweep Vehicle is the Standard Bank Deposit Sweep. If your account unless you do not select a Cash Sweep Vehicle, un-invested cash balances will be placed in the FDIC-Insured Bank Deposit Sweepelect otherwise.

Expanded Bank Deposit Sweep. The Expanded Bank Deposit Sweep is the primary Cash Sweep Vehicle Option for eligible customers. The Expanded Bank Deposit Sweep clients and consists of interest interest-bearing deposit accounts at banks both affiliated and unaffiliated with our Clearing Agent (“Affiliated Banks” and “Unaffiliated Banks,” together the “Program Banks”). The Expanded Bank Deposit Sweep will provide up to $250,000 in FDIC insurance per Program Bank ($500,000 per Program Bank for joint accounts with two or more owners). As of the date of this Disclosure Statement, the Expanded Bank Deposit Sweep makes five Program Banks available, resulting in up to $1.25 million in available FDIC insurance ($2.5 million for joint accounts with two or more owners). You may, at any time, elect to exclude the unaffiliated Program Banks from If your account is in the Expanded Bank Deposit Sweep. If you make this election, you will depending on market conditions and/or the size of your account, cash may be in the Standard Bank Deposit Sweep and swept to only two Affiliated Banks will receive your un-invested cashBanks, to only Unaffiliated Banks, or to a mix of both. You may not designate that elect to exclude the Affiliated Banks be excluded from the Expanded Bank Deposit Sweep or exclude less than all of the unaffiliated Program Unaffiliated Banks. Electing However, you may, at any time, elect to exclude not use all the unaffiliated Program Unaffiliated Banks, and by doing so, move to the Standard Bank Deposit Sweep where only two Affiliated Banks will result in receive your un- invested uninvested cash. Choosing the Standard Bank Deposit Sweep will stop your uninvested cash not from being deposited into those banks orthe Unaffiliated Banks and, if deposits have already deposited to those banksbeen made, we will withdraw your funds from those banks will be withdrawn and deposit the funds deposited with the Affiliated Banks in the Standard Bank Deposit Sweep. You will have less FDIC insurance coverage available if you choose move to exclude the unaffiliated Program Banks and, if Standard Bank Deposit Sweep and you may have sweep uninsured deposits for amounts in excess of $500,000 ($1 million for joint accounts) you may have uninsured deposits at the Affiliated Banks through the Standard Bank Deposit Sweep. You need to contact us if you wish to change to the Standard Bank Deposit Sweep. Eligible customers may select the Standard Bank Deposit Sweep at account opening or subsequently at any time after the account is opened. Retirement accounts in discretionary advisory programs managed by the Clearing Firm are not eligible for the Expanded Bank Deposit Sweep. Standard Bank Deposit Sweep The Standard Bank Deposit Sweep is available as an alternative to the Expanded Bank Deposit Sweep. The Standard Bank Deposit Sweep consists of interest-bearing deposit accounts at two Program Banks affiliated with our Clearing Firm ("Affiliated Banks"). The Standard Bank Deposit Sweep will provide up to $500,000 in FDIC insurance ($1 million for joint accounts with two or more owners)) at the Affiliated Banks. Eligible clients may select the Standard Bank Deposit Sweep at account opening or by contacting your Introducing Firm at any time after the account is opened. By entering into an account agreement where the Expanded Bank Deposit Sweep is offered, you will be treated as having approved the use of the Expanded Bank Deposit Sweep for your account unless you elect otherwise. Retirement accounts in discretionary advisory programs managed by the Clearing Firm are eligible Agent cannot elect the Expanded Bank Deposit Sweep and may only for use the Standard Bank Deposit SweepSweep as their Bank Deposit Sweep Program. In addition, thus certain commercial and public fund account types are ineligible for such accounts either Bank Deposit Sweep Program and a taxable Money Market Fund will serve as the primary Cash Sweep Vehicle is the Standard Bank Deposit Sweep. If you do not select a Cash Sweep Vehicle, un-invested cash balances will be placed in the FDIC-Insured Bank Deposit SweepOption for those accounts.