Sweep Program and Expenses. You understand and agree that cash balances in your Managed Account(s) will be held in the money settlement option made available to you by Ameriprise Financial and that you agreed to in your application. These money settlement options are further described in the Disclosure Brochures and include a free credit balance (Ameriprise Cash) held in your Account or a program that provides for the automatic deposit or “sweep” of uninvested cash balances in your Account (each, a “Sweep Program”). The Sweep Programs offered in Managed Accounts include AIMMA, ABISA and alternative sweep options. • Ameriprise Insured Money Market Account (“AIMMA”) is the Sweep Program offered for SPS Advantage Accounts, except for trustee-directed 401(a) Accounts. • Ameriprise Bank Insured Sweep Account (“ABISA”) is the Sweep Program offered for SPS Advantage trustee- directed 401(a) Accounts. • Alternative sweep options are available for certain TSCA and 403(b) Managed Accounts and personal trust services Managed Accounts opened by Ameriprise Bank, FSB, as trustee and certain other non-qualified Managed Accounts that are ineligible for an insured deposit Sweep Program. You understand we offer a Sweep Program as a short-term feature that is intended to hold cash for the purposes described in the Disclosure Brochures. You agree that you will not maintain a cash balance in your Managed Account(s) solely for the purpose of receiving interest or obtaining FDIC insurance or SIPC coverage. You understand that Ameriprise Financial offers other investments products that offer capital preservation with a higher rate of return than a Sweep Program and are a more appropriate place to invest cash than maintaining a significant cash balance in your Account for an extended period. You understand and acknowledge that if your Sweep Program consists of money market mutual funds then your Sweep Program will have its own expenses. You further understand and acknowledge that the banks that participate in the FDIC insured interest-bearing bank deposit Sweep Programs offered by our affiliated clearing firm, AEIS, compensate AEIS for deposits placed at the bank(s) or reimburse AEIS for expenses it incurs in providing the Sweep Program, and that our affiliate, Ameriprise Bank, FSB, is a participant in these programs. If your Account uses ABISA as its Sweep Program, Ameriprise Bank, FSB earns spread revenue, the difference between what it pays in interest and what it earns on its investments. AEIS receives m...
