Common use of UNDIRECTED CASH Clause in Contracts

UNDIRECTED CASH. The Custodian will have the additional options of holding Undirected Cash (defined as cash in an account that lacks specific accountholder investment instruction) in an account or product of an FDIC or other United States government insured financial institution(including but not limited to Fidelity Bank, N.A.), or a United States Government security, or security that is insured or guaranteed by the United States government and to retain a portion of the income attributable to Undirected Cash (if any) as a custodial fee. NOTICE OF FINANCIAL PRIVACY You have chosen to do business with First Trust Retirement, trade name of Mainstar Trust, and we are obligated to honor that relationship with great care, beginning with the information you have chosen to share with us. We believe that your privacy should not be compromised. At the same time, we want to offer you the services you need to accomplish your financial goals. We believe we can do both through the privacy policy outlined below. At First Trust Retirement, we believe the confidentiality and protection of customer information is one of our fundamental responsibilities. And while information is critical to providing quality service, we recognize that one of our most important assets is our customers’ trust. Thus, the safekeeping of customer information is a priority for First Trust Retirement.