Float Earnings. To the extent that such amounts generate float earnings, such earnings will generally be realized by NFS at rates approximating the Target Federal Funds Rate.
Float Earnings. To the extent that such amounts generate float earnings, such earnings will generally be realized by PNC Bank at an amount equal to the current Federal Funds Rate.
Float Earnings. To the extent that such amounts generate float earnings, such earnings will generally be realized by the Clearing Firm at rates approximating the Target Federal Funds Rate.
Float Earnings. To the extent that such amounts generate float earnings, such earnings will generally be realized by NFS at rates approximating the target federal funds rate. • I understand that if I am reregistering a limited partnership, I may be charged a reregistration fee, up to the maximum of $200, to change my registration to NFS. Further, I acknowledge that any limited partnerships or master limited partnerships may be subject to unrelated business taxable income (“UBTI”), and I will be responsible for ensuring that there is sufficient cash in my core account to cover the taxes due. • I understand that all debit items, including, without limitation, checks, securities account purchases, and electronic funds transfers, will be accumulated daily and that NFS will promptly pay each on my behalf to the extent that sufficient funds can be provided from amounts contributed by me or on my behalf and available that day, or from proceeds of redemption of fund shares or other assets in my accounts, or withdrawal of funds from my bank sweep, which NFS is authorized to redeem or withdraw to pay such items. I will maintain sufficient assets in my account to satisfy all obligations as they become due. • NFS shall not be responsible for the dishonor of any transaction due to insufficient collected balance. Other transactions that I initiate, or to which I have consented, may also reduce my collected balance. I understand that if the collected balance in my account is insufficient to pay any item, such items will not be honored. I will promptly return to NFS any assets that NFS distributes with respect to which the funds in my account were not sufficient when distributed. • If a check issued to me from my account remains uncashed and outstanding for at least six (6) months, I authorize and instruct NFS to cancel the check and return the underlying proceeds to me by depositing the proceeds into my core account. • The reasonable costs of collection of any unpaid obligation to Commonwealth or NFS in my retirement account, including attorneys’ fees incurred by Commonwealth or NFS, shall be reimbursed by me to Commonwealth or NFS. • I understand that my IRA Account will be invested in accordance with my instructions as given from time to time to Commonwealth and as otherwise described herein. • I am aware that various federal and state laws or regulations may be applicable to transactions in my account regarding the resale, transfer, delivery, or negotiation of securities, including t...
