Common use of Withdrawing Funds Clause in Contracts

Withdrawing Funds. You may access your funds in the FDIC Insured Deposit Sweep Program only through your brokerage account. You cannot access or withdraw cash held in the Program directly from a Participating Bank. When funds are needed to cover transactions or satisfy a debit in your brokerage account, we will use the following sources in the order listed: (i) available Free Credit Balances, including money added to your brokerage account not yet swept into IDP Accounts, (ii) balances available in IDP Accounts, and (iii) if you have a margin account, any margin credit available. For more information about margin accounts, see our Margin Disclosure Statement at xxx.xxxxxx.xxx/xxxxxxxxxxx/. Withdrawals from the FDIC Insured Deposit Sweep Program will normally be made on the business day following transactions in your brokerage account; however, your brokerage account is credited on the day of any debit. This process might result in you having an obligation to make us whole for the sum of the debits in your brokerage account if there is a problem withdrawing funds from an IDP Account or if you otherwise fail to sufficiently fund your brokerage account for the full amount of your daily debits. Balances in the FDIC Insured Deposit Sweep Program can be liquidated on your order and the proceeds returned to your brokerage account or to you. However, Federal banking regulations require each Participating Bank in the Program to reserve the right to require seven (7) calendar days prior notice before permitting a withdrawal of any deposit.

Withdrawing Funds. You may access your funds in the FDIC Insured Deposit Cash Sweep Program only through your brokerage account. You cannot access or withdraw cash held in the Cash Sweep Program funds directly from a Participating Fund or from a Participating Bank. When funds are needed to cover transactions or satisfy a debit in your brokerage account, we will use the following sources in the order listed: (i) available Free Credit Balances, including money added to your brokerage account not yet swept into to a Participating Fund or FDIC-insured IDP AccountsAccount, (ii) balances available in IDP Accountsthe Cash Sweep Program, and (iii) if you have a margin account, any margin credit available. For more information about margin accounts, see our Margin Disclosure Statement at xxx.xxxxxx.xxx/xxxxxxxxxxx/. xxxx://xxx.xxxxxxxxxx.xxx/documents/margin-disclosure-clearing.pdf. Withdrawals from the FDIC Insured Deposit Cash Sweep Program will normally be made on the business day following transactions in your brokerage account; however, your brokerage account is credited on the day of any debit. This process might result in you having an obligation to make us whole for the sum of the debits in your brokerage account if there is a problem withdrawing funds from an FDIC-insured IDP Account or if you otherwise fail to sufficiently fund your brokerage account for the full amount of your daily debits. Balances in the FDIC Insured Deposit Cash Sweep Program can be liquidated on your order and the proceeds returned to your brokerage account or to you. HoweverMoney market mutual funds may place limitations on timing and/or amount of withdrawals permitted, and you should read the fund’s prospectus carefully before making an investment. Federal banking regulations require each Participating Bank in the Cash Sweep Program to reserve the right to require seven (7) calendar days prior notice before permitting a withdrawal of any deposit.

Withdrawing Funds. You may access your funds in the FDIC Insured Deposit Sweep Program only through your brokerage account. You cannot access or withdraw cash held in the Program directly from a Participating Bank. When funds are needed to cover transactions or satisfy a debit in your brokerage account, we will use the following sources in the order listed: (i) available Free Credit Balances, including money added to your brokerage account not yet swept into IDP Accounts, (ii) balances available in IDP Accounts, and (iii) if you have a margin account, any margin credit available. For more information about margin accounts, see our Margin Disclosure Statement at xxx.xxxxxx.xxx/xxxxxxxxxxx/. xxx.xxxxxxxxxxx.xxx/Xxxxxxxxxxx/. Withdrawals from the FDIC Insured Deposit Sweep Program will normally be made on the business day following transactions in your brokerage account; however, your brokerage account is credited on the day of any debit. This process might result in you having an obligation to make us whole for the sum of the debits in your brokerage account if there is a problem withdrawing funds from an IDP Account or if you otherwise fail to sufficiently fund your brokerage account for the full amount of your daily debits. Balances in the FDIC Insured Deposit Sweep Program can be liquidated on your order and the proceeds returned to your brokerage account or to you. However, Federal banking regulations require each Participating Bank in the Program to reserve the right to require seven (7) calendar days prior notice before permitting a withdrawal of any deposit.

Withdrawing Funds. You may access your funds in the FDIC Insured Deposit Cash Sweep Program only through your brokerage account. You cannot access or withdraw cash held in the Cash Sweep Program funds directly from a Participating Fund or from a Participating Bank. When funds are needed to cover transactions transaction (s) or satisfy a debit in your brokerage account, we will use the following sources in the order listed: (i) available Free Credit Balances, including money added to your brokerage account not yet swept into IDP Accountsto a Cash Sweep Option, (ii) balances available in IDP Accountsa Cash Sweep Option, and (iii) if you have a margin account, any margin credit available. For more information about margin accounts, see our Margin Disclosure Statement at xxx.xxxxxx.xxx/xxxxxxxxxxx/. at: xxxx://xxx.xxxxxxxxxxx.xxx/Main-Channels/Securities/Capabilities/Securities/Disclosures Withdrawals from the FDIC Insured Deposit Cash Sweep Program will normally be made on the business day following transactions in your brokerage account; however, your brokerage account is credited on the day of any debit. This process might result in you having an obligation to make us whole for the sum of the debits in your brokerage account if there is a problem withdrawing funds from an IDP Account or if you otherwise fail to sufficiently fund your brokerage account for the full amount of your daily debits. Balances in the FDIC Insured Deposit Cash Sweep Program can be liquidated on your order and the proceeds returned to your brokerage account or to you. HoweverMoney market mutual funds may place limitations on timing and/or amount of withdrawals permitted, and you should read the fund’s prospectus carefully before making an investment. Federal banking regulations require each Participating Bank in the Cash Sweep Program to reserve the right to require seven (7) calendar days prior notice before permitting a withdrawal of any deposit. Fees: No direct fees will be assessed to your account for taking advantage of our Cash Sweep Program. Instead, we receive compensation from the Participating Funds, the Participating Banks, and/or their respective affiliates, as described in more detail above. FREE CREDIT BALANCES OPTION Free Credit Balances: If you determine not to sweep your un-invested cash into one of the Cash Sweep Options, we will hold un-invested cash in your account in the form of a Free Credit Balance. Free Credit Balances generally include the cash in your account held for investment minus certain items such as purchase transactions due to settle within a specified time other charges to your account, and credit balances that are designated as collateral for your obligations. Free Credit Balances are payable to you upon demand. We may use your Free Credit Balances to fund certain of our business operations, as permitted by law, and may earn income through such use. We are required by rules of the Securities and Exchange Commission to perform a weekly computation to determine whether we havea net payable to, or receivable from our customers. In the event the computation indicates a net payable, we must place required funds or qualified securities (treasury securities) on deposit in a special reserve bank account for the exclusive benefit of our customers. We keep standard control letters current with each bank where a special reserve bank account is held. The control letters provide that the funds on deposit are for the exclusive benefit of our customers and will at no time secure, directly or indirectly, any loan made to us. The control letters also provide that assets in the special reserve bank account will not be subject to any right, charge, security interest, lien or claim of any kind in favor of the bank or any person claiming through the bank. Free Credit Balances are generally guaranteed as to principal and interest by SIPC for up to $250,000 per account. For more information on SIPC coverage of Free Credit Balances in your account see xxxx://xxx.xxxx.xxx.Xx carry excess SIPC coverage through Lloyd’s of London that, if applicable, is designed to pick-up where SIPC protection ends by covering customers for up to an additional $24.5 million per customer, which covers up to an additional $900,000 in Free Credit Balances per customer. This policy has an aggregate policy limit of $100 million in total protection. NEW ACCOUNT INFORMATION You have chosen a brokerage firm (your broker) who utilizes INTL FCStone Financial Inc. (IFCF) to provide their clearing needs. IFCF is one of the leading clearing firms in the United States. Our responsibility is to execute and process securities transactions and carry client accounts on a fully disclosed basis for your brokerage firm. Through your broker’s clearing arrangement with us, described in the clearing client agreement, we will strive to provide your brokerage firm and you with the best professional services and products available. We understand that you may have some questions about this clearing arrangement, and how clearing firms work. The following are a few of these commonly asked questions about these issues. Please feel free to contact your broker if you have any additional questions – and again – welcome to IFCF. YOUR QUESTIONS ANSWERED