This Agreement contains a predispute arbitration clause. In other words, if this is a joint account, your TCP will not necessarily apply to your joint account holder. You may contact Schwab or your independent investment advisor ("advisor") for more information or to give Schwab instructions with respect to linking eligible accounts. When your account is first opened, Schwab will default the cost basis accounting method for open-end mutual funds to the Average Cost Method with the First In, First out (FIFO) Lot Selection Method, and for all other assets (i.e., equities, fixed income, options, etc.) If any loans we have made to you are assigned, you agree that we may comply with any entitlement orders originated by the assignee with respect to the collateral for such loans without any further consent from you. The "Bank Sweep" and "Bank Sweep for Benefit Plans" features automatically make deposits to and withdrawals from deposit accounts at one or more banks as described in the Cash Features Disclosure Statement. We may impose anytime and without prior notice more stringent requirements on positions that in our sole discretion involve higher levels of risk; for example, higher limits may apply for thinly traded, speculative or volatile securities, or concentrated positions of securities. You may obtain a copy of the applicablePricing Guideor fee schedule by calling1-800-435-4000, or if your Account is managed by an independent investment advisor, please contact your advisor directly, or call Schwab Alliance at1-800-515-2157. The existence of a Non-Transferable Security in your Account may be noted with a notation of "N/A" for the value of that position on your account statements. You acknowledge and agree that it is your responsibility to review the applicablePricing Guideor fee schedule and your account statements, and to consult with other members of your household who may have accounts with Schwab to determine whether Schwab should update or change its Household Calculations. If you think your statement is wrong or if you need more information about a transfer listed on the statement, call or write to us as soon as you can: Write: Charles Schwab Client Center. Currency exchange rates fluctuate over time, and you acknowledge and accept the risks of such fluctuations between the time you send us a payment order and the time the wire transfer is final. Member SIPC. These other fees can include, but are not limited to, the following: Some Services have a special fee schedule that is not included in the applicablePricing Guide. You also agree that if your account holds assets that generate unrelated business income, your account at all times will contain liquid funds to pay any tax imposed on unrelated business income at the time such tax obligation becomes due, and that, if necessary to satisfy any such tax obligation, you will liquidate assets or contribute sufficient amounts to the account. Automated investing, professional advice or trade on your own. You agree that these principles do not apply to your specific circumstances or take into account your comprehensive tax or estate planning situation. By not closing and/or continuing to use your account, you confirm your agreement to abide by the Account Agreement, as amended from time to time. You agree to maintain the security and confidentiality of your Password and to notify us immediately if you have any reason to believe its security or confidentiality has been or may be breached. We may treat payment orders we receive after a cutoff time as if received the next Business Day. You acknowledge that Schwab shall have no responsibility for monitoring the Non-Publicly Traded Security to assure compliance with its terms or disclosures, for taking any actions to collect on any amount owed to you, or for otherwise enforcing your rights with respect to the Non-Publicly Traded Security held in your Account. Weekly disbursements less than $100 will accrue in your account until the end of the month and you will be sent a check if the combined total equals $100 or more. More detailed information on cost basis is available in the Cost Basis Disclosure Statement, located onschwab.com. Increases in the market value will increase your daily adjusted debit balance (on which interest is charged) by the same amount, while decreases in the market value will decrease your daily adjusted debit balance by the same amount. Meet the experts behind Schwab's investing insights. It is your responsibility to choose (or change) the appropriate cost basis accounting method for your tax situation. Upon request, Schwab will provide you a verbal update to determine the status of your outstanding distribution checks. Closing an account or terminating services will not affect your obligations incurred prior to closure or termination. In determining that a security has been cancelled or invalidated, you agree that we have derived information on such assets from you or from third parties and we are not responsible for the accuracy or reliability of any information regarding these assets. Schwab may ask you to remove any Non-Publicly Traded Security from your Account at any time and for any reason. Otherwise, no third party will be deemed to be an intended or unintended third-party beneficiary of this Agreement. We may process check images electronically or convert them into paper substitute checks based on the information your advisor provides. Longer hold periods of Business Days apply to returned items that are redeposited. As a general guideline and when it is practicable to do so, we can (but are not required to) issue a margin call when the equity in your Margin and Short Account falls below Schwab's minimum maintenance requirement. You agree that Schwab will not be liable for any losses in any of these circumstances. Generally, the higher the volatility of a security, the greater its price swings. You agree that we will not be liable to you for any losses, including lost profits, if the mutual fund does not accept your order for execution at the price next calculated by the fund after our deadline for any reason, including, but not limited to, computer system delays or failures, natural catastrophes or other emergencies, or human error resulting in our late placement of the order with the fund. Any loss or theft of your access number(s), password(s) and/or account number(s); Any unauthorized use of any of your access number(s), password(s) and/or account number(s), or of the Electronic Services or any Information; Any failure by you to receive a message that an order initiated by you through the Electronic Services has been received and/or executed through the Electronic Services; Any failure by you to receive accurate written confirmation of an order or its execution within five Business Days after entering the order through the Electronic Services; Any receipt of confirmation of an order that you did not place, or any similarly inaccurate or conflicting report or Information. This includes, but is not limited to, claims for lost profits, trading losses and damages that may result from the use, inconvenience, delay or loss of use of the Information or for omissions or inaccuracies in the Information. This obligation will survive the termination of this Agreement. You acknowledge that it may not be possible to cancel a market or limit order once you have placed it, and you agree to exercise caution before placing all orders. In extended hours trading, these announcements may occur during trading and, if combined with lower liquidity and higher volatility, may cause an exaggerated and unsustainable effect on the price of a security. The spread refers to the difference in price between what you can buy a security for and what you can sell it for. The company averages 6 million trades per day across 34 million client accounts worth $7.1 trillion. In addition, depending on market conditions, Schwab cannot guarantee that it will have shares available to facilitate a short sale. If you fail to notify us in writing within 10 calendar days after we send or make available to you the first notice or statement on which the problem or error appears, you agree that the transfer information set forth on the statement or notice will be deemed correct, and that you will be precluded, to the greatest extent permitted by law, from asserting any claim against Schwab in connection with, and waive any right to recover any losses resulting from, any unauthorized or erroneous transfer. Your advisor may forward the physical check to us or transmit images of the check and other data to us electronically. If we need more time, however, we may take up to 45 days to investigate your complaint or question. In most cases, the initial equity requirement for the short sale of an equity security is 150% of the sales proceeds of the security, plus commissions. You agree to pay, and are solely responsible for payment of, all fees charged to you by Schwab and/or any fund. Normally, issuers make news announcements that may affect the price of their securities after regular trading hours. We reserve the right to charge interest on debit balances in the Cash Account. Your AgreementBy using Schwab's Electronic Services, you agree to comply with the terms and conditions of this Agreement. Schwab will inform you if your Account is assigned to an IBL in your geographic area. As a condition to accessing or receiving the Information, you expressly agree to waive any claim you may have against Schwab, any Information Provider, Research Provider or any other persons involved in transmitting any Information Schwab makes available to you. In addition, we may take up to 90 days to investigate if the error or question relates to a Schwab MoneyLinkElectronic Fund Transfer that was initiated outside of the United States or resulted from a point-of-sale debit card transaction. You may not use your account or any account-related service to process gambling transactions, or to conduct any other activity, that would violate applicable law. Such recommendation, financial advice, or financial plan only applies at the point in time we provide it to you. For Securities and Other Property that are lent by Schwab, the interest, dividends, or other payments made on such Securities and Other Property will go to the borrower. Schwab, the Information Providers, the Third-Party Research Providers and the Information Transmitters shall have no liability to you for suspending or terminating your access to Schwab's Electronic Services; provided, however, that if Schwab's suspension or termination is without cause, Schwab will refund the pro rata portion of any fee you may have paid for the portion of the Information and/or Electronic Services not furnished to you as of the date of suspension or termination. You may direct us to add the Schwab StockBuilder Planto all eligible securities in your account, or you may choose individual securities for automatic dividend reinvestment. It may not be possible to notify you of a margin call or allow any time to deposit additional collateral. The Cash Features Program permits you to earn income while you decide how those funds should be invested longer term. Any notice we send to one account holder will be notice to all account holders. We receive the market data from industry sources that are believed to be reliable. Schwab reserves the right to remove from your Account any security that is deemed to have been cancelled or otherwise invalidated. Our failure to insist on strict compliance with the Account Agreement or any other course of conduct on our part shall not be construed as a waiver of our rights under the Account Agreement. The term "Electronic Services" includes all of Schwab's computer, telephonic, facsimile, email or wireless services or systems. For margin balances of $500K and above, please call us at1-877-752-9749for more information about our latest rate offers. Upon receiving a payment order from you by the applicable cutoff time, we will act on the payment order by transmitting payment instructions to the applicable bank. By placing a trade order through the Electronic Services, you voluntarily agree to assume any added risk that may result from the lack of human review of your order in exchange for the reduced commissions and potentially greater convenience of electronic trading. Other financial service providers may offer trading services outside of regular market hours that differ significantly from Schwab's extended hours trading sessions. Some of your collateral is or becomes restricted or non-negotiable or non-marginable. In the Account Agreement, you granted us a lien on all Securities and Other Property held or maintained for any purpose, including safekeeping, in your Schwab Account or in any other present or future Schwab brokerage account in which you have an interest regardless of whether there are other account holders on any of the accounts. Fax:* 1-877-535-3852. If the market value of stock held as collateral increases after you have met the initial margin requirements, your available credit may increase proportionately. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (Member SIPC), offers investment services and products, including Schwab brokerage accounts. Any communication we direct to a physical address, email address, facsimile, telephone number, or otherwise is considered delivered to you personally, whether or not you actually receive it. However, cash-in-lieu, special dividends, interest, and distributions of any kind that are larger than 5% of the share value cannot be automatically reinvested. If, on any given day, the accrued daily dividend for your SchwabSweep Money Fund as calculated for your Account is less than half of one cent ($0.005), your shares will not earn a dividend for that day. Contact the Dedicated PCRA Call Center at1-888-393-PCRA (7272)if you are a PCRA account holder with questions about applicable provisions and amendments. You will also be entitled to receive proxy voting materials and voting rights proportionate to your partial shares, except in the event of certain types of corporate reorganizations. You have the right to liquidate fractional shares anytime, regardless of whether or not a call has been announced. If Schwab reports a value received from an issuer on your Schwab statement, the value may not match what is provided to you by the issuers of the Non-Publicly Traded Security due to the timing of issuer statements and Schwab's statement production schedule. You agree that you are required to return the full amount of the overpayment or uncollected fee to Schwab, notwithstanding any oral representations made by any Schwab representative to the contrary. With respect to such assets awaiting investment or deposit: (i)where such assets are received by Schwab on a Business Day and before deposit cutoff time for the local Schwab Investor Center with which the funds are deposited, such interest may be earned by Schwab through the beginning of the following Business Day; (ii)where such assets are received on a day which is not a Business Day, or where such assets are received after the local Schwab Investor Center's deposit cutoff time, such interest may be earned through the beginning of the second following Business Day. Index to selected Germany births and baptisms. You agree to pay on demand any account deficiencies after liquidation, whether liquidation is complete or partial. You agree to use software produced by third parties, including, but not limited to, "browser" software that supports a data security protocol compatible with the protocol used by Schwab. The Schwab StockBuilder Planis not affiliated with any reinvestment plan offered by any other entity. Please note that the use of a 360-day year results in a higher effective rate of interest than if a year of 365 days were used. If we are unable to verify a payment order with an authorized person, we may refuse to execute the order. ThePricing Guidesare companions to this Account Agreement and are incorporated as part of this Account Agreement. You may change or remove your TCP at any time by contacting Schwab by phone, in writing, or through our website in the manner we designate. The securities in your account may be subject to mandatory and voluntary corporate actions. Notwithstanding the foregoing, with respect to any Account subject to the terms of this Agreement that is a retirement plan or retirement plan brokerage Account (including a Company Retirement Account ["CRA"] or Personal Choice Retirement Account["PCRA"]), Schwab may provide you (including independent Plan Trustees, Plan Sponsors, and/or other applicable plan fiduciaries or their agents) with notice of matters impacting your Account, which notice will include your direction, instruction, and authorization with respect to the action to be taken (or not to be taken, as applicable) with respect to the particular matter related to your Account. If there is more than one account holder, each account holder is jointly and severally liable for obligations arising under the Account Agreement or relating to the Schwab Account. The payment order is the instruction you give us regarding a wire transfer. Coconutface03 2 yr. ago Have you figured out a solution? If sold on the open market, the sale price may differ from that offered to certain registered owners by the issuer or transfer agent. Cash Features refers to the following alternatives: Please note that certain foreign Schwab affiliates may have different Cash Features than the ones listed above. We may assign our rights and obligations under the Account Agreement, or may assign any loans that we have made to you (including the security interests securing such loans), to any subsidiary, affiliate or successor by merger or consolidation without notice to you, or to any other entity after 30 days' written notice to you. You authorize Schwab to make deposits, withdraw cash, or purchase and redeem securities in accordance with the eligible Cash Feature you have designated or the Cash Feature that has been designated for your Account. We may reject payment orders. Schwab is under no obligation to take any action should there be a default, bankruptcy, or other impairment associated with a Non-Publicly Traded Security. Fail to receive a message that an order you initiated through the services has been received or executed. Contact. The fee can change on a daily basis. You are responsible for payment of all fees charged to your account from time to time. Different requirements apply to non-equity securities. When transferring assets from another firm, please be advised that we will not accept or honor any oral or written instructions from you to purchase or sell securities prior to our actual receipt of your assets and the completion of the transfer process. You acknowledge that you bear the entire risk and agree to accept full responsibility for the orders you place. For our protection or to satisfy your obligations to us, we can,at our discretion and without prior demand or notice, sell or otherwise liquidate all or any part of the Securities and Other Property, securing your obligations or closing any or all transactions in your Schwab Account. Schwab has no responsibility under any circumstance for any such determination unless we otherwise agree with you in writing or unless Schwab gives advice directly to you that is clearly identified as a Schwab recommendation for you to enter into a particular transaction or transactions, or to buy or sell a particular security or securities. With respect to Securities and Other Property held in your Margin Account, you also agree and acknowledge that: All transactions in your Margin and Short Account are subject to the Account Agreement in its entirety and any other written agreements between you and us, all as amended from time to time. If Schwab believes any particular stock is or may be volatile, Schwab may, but is not obligated to, decline to allow customers to place orders for that stock through the Electronic Services. Your TCP will be the same for all your accounts (except for incorporated organization accounts), so if you provide or update your TCP for one account, it will apply to all of your accounts (except for incorporated organization accounts). Although investments in SchwabSweep Money Funds provide a means of earning a return on cash, there can be no assurance that a SchwabSweep Money Fund will be able to maintain a stable net asset value of $1 per share. For securities that pay cash dividends or that split, unless otherwise instructed, open GTC orders will be adjusted in accordance with stock exchange regulations. This information may also be shared with other companies to support your transactions with us and for identity verification and fraud avoidance purposes. The most current margin rate table is available atschwab.com/margin. Charles Schwab, chairman of the eponymous company he founded about 50 years ago, has been a prolific Republican donor. We assume no responsibility to detect errors in your instructions (e.g., duplicate transfers), even if we may take certain actions from time to time to do so. When you buy securities on margin, or enter into short sales or short options, you are borrowing money from Schwab for part of your transactions. Schwab may place any security held in your Account into the Margin Account portion of your Account. Schwab will provide you with written confirmation of trades that are executed in your account as required under SEC Rule 10(b)-10. You agree not to hold us responsible for any losses incurred in connection with the closing of your account. We may take such actions on whatever exchange or market and in whatever manner (including public auction or private sale) that we choose in the exercise of our business judgment. If you have questions about the termination age, please consult your legal or tax adviser. You further agree to release Schwab from any liability for executing the orders you place using Schwab's Electronic Services. The term "we," when used below, means Schwab. Please call Schwab or visit our website for our current margin requirements. PCRA account holders and RBS plan-level custody account holders should refer to the Charles SchwabPricing Guide for Retirement Plan Accountsfor information related to pricing. Please call Schwab or visit our website for our current margin requirements. You understand that these values displayed on your Schwab account statements are provided for your convenience only, may have been reported as long as 18 months prior to statement preparation, and should not be relied upon as any indication of market value. When you inform Schwab of your election in a corporate action, Schwab will ensure that your account is credited with your election when the corporate action is concluded, assuming all conditions of the offer have been met and elections have been accepted by the offeror. Pursuant to government regulations, we may be unable to send a wire transfer you requested to certain individuals or countries, or to individuals who are citizens of those countries. Each Third-Party Beneficiary is entitled to rely upon all rights, representations, warranties and covenants made by you in this ESA to the same extent as if each Third-Party Beneficiary was a party to this ESA with respect to their own Information or Research Reports. We obtain market data from securities exchanges and markets and from third parties that transmit market data (collectively referred to in this section as "the market data providers"). From time to time, we may make available services (referred to in this section as "the services") that allow you to place orders and obtain market data and other information via telephone, computer or other electronic means. We may require an equity deposit or a full payment before we accept your order. If the value of your securities and other assets falls, you may be required to deposit more assets (a "margin call") to secure your loan or your securities, and other assets may be sold to pay down or pay off your loan without prior notice and at a loss or at lower prices than under other circumstances. In such event, we can receive compensation for the use of such securities. The information, news, research, quotations, and other content available to you during the extended hours trading session is also subject to the "Use Agreement." This means that you may not rely on the name of the person or bank that you provide us to ensure payment to the correct person. You further agree to comply with all reasonable written requests from Schwab intended to protect the Information and Third-Party Research Providers' and Schwab's respective rights in the Information and Electronic Services. (See Limitations of Liability, Section 5.). It is calculated for each day by dividing the applicable margin interest rate by 360. However, Schwab may choose, at its own discretion, to participate in a third-party dividend reinvestment program. IBLs are identifiable by the inclusion of "independent" in their Schwab representative title, signage in their branches, and supporting detail under their "Your Consultant" designation onwww.schwab.com. By entering into a customer Account Agreement with Schwab or by subscribing to a Schwab Electronic Service, you are consenting to the receipt of electronic mail ("email") from us. Providing Schwab with a TCP does not ensure that financial exploitation will not be attempted or occur. If you fail to choose (or change) your desired cost basis accounting method prior to trade settlement, you may have adverse tax implications.
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