Common use of Mark-up/Xxxx-down Clause in Contracts

Mark-up/Xxxx-down. When LPL buys from you or sells to you a security in a principal capacity, LPL receives a mark-up or mark- down on the transaction. This means, for example, if we sell the Plan a security at a price higher than what we paid, we will earn a mark-up. Conversely, if we buy a security from the Plan at a price lower than what we sell it for, LPL will receive a mark-down. Mark-up/down charges typically apply to transactions in bonds or other fixed-income securities. Details about a mark-up/down for a particular transaction will be furnished upon request. The maximum mark-up/down on a transaction with a customer that LPL receives when acting in a principal capacity is 0.5% of the value of the security as long as the value is greater than $1000. If the value of the security is less than $1000, the mark-up/down may exceed 0.5% but will not exceed $100. In many cases, this maximum 0.5% does not apply, and the actual mark-up/down percentage is lower based on factors such as quantity, price, type of security, maturity, etc. We expect the maximum LPL will earn as a mark-up or mark-down on a transaction in a SWM account is 0.375%. Details about a mark-up/down for a particular transaction will be furnished upon request.

Mark-up/Xxxx-down. When LPL buys from you or sells to you a security in a principal capacity, LPL receives a mark-up or mark- down on the transaction. This means, for example, if we sell the Plan a security at a price higher than what we paid, we will earn a mark-up. Conversely, if we buy a security from the Plan at a price lower than what we sell it for, LPL will receive a mark-down. Mark-up/down charges typically apply to transactions in bonds or other fixed-income securities. Details about a mark-up/down for a particular transaction will be furnished upon request. The maximum mark-up/down on a transaction with a customer that LPL receives when acting in a principal capacity is 0.55% of the value of the security as long as the value is greater than $1000. If the value of the security is less than $1000, the mark-up/down may exceed 0.55% but will not exceed $100. In many cases, this maximum 0.55% does not apply, and the actual mark-up/down percentage is lower based on factors such as quantity, price, type of security, maturity, etc. We expect the maximum LPL will earn as a mark-up or mark-down on a transaction in a SWM account is 0.375%. Details about a mark-up/down for a particular transaction will be furnished upon request.