2. Commissions, transactions (including mutual funds), and order handling fees; Reports relating to your account requested by you or that are required by law; Fees associated with transactions in Schwab proprietary non-sweep money funds; Charges for failing to maintain minimum balance requirements. Initial margin requirements may change without prior notice. You agree to pay our commissions and transaction, processing, custody and other fees, and/or those of the entity to which your non-standard security is delivered, as they exist from time to time and apply to the transactions and services you receive in connection with these securities paid to you by the fund. Schwab routes orders for execution to unaffiliated broker-dealers, who may act as market maker or manage execution of the orders in other market venues, and also routes orders directly to major exchanges. Further, Schwab reserves the right in its sole discretion to require a cash or equity deposit at any time and to determine the adequacy of any such deposit prior to the execution of any transaction through the Electronic Services. Schwab will notify you if it has removed a cancelled or otherwise invalid security from your Account. Any costs, fees or taxes involved in enforcing the award shall be fully assessed against and paid by the party resisting enforcement of said award. Risk of Wider Spreads. Schwab reserves the right to later charge fees or waive the minimum or fees on any account in circumstances that we deem appropriate. Otherwise, no third party will be deemed to be an intended or unintended third-party beneficiary of this Agreement. The following provisions apply to wire transfers you send through Schwab. With respect to retirement plan brokerage custodial accounts (including a Company Retirement Account [CRA] or Personal Choice Retirement Account [PCRA]) subject to the terms of this Agreement, are subject to all terms and conditions in the Schwab OneAccount Agreement as amended from time to time, except for: (1)account minimums and references to the applicablePricing Guide;(2)the "Margin and Short Account Agreement" and "Disclosure of Credit Terms and Policies" sections of the applicable Account Agreement; and (3)any references to Visaand VisaDebit Card. The securities in your account may be subject to mandatory and voluntary corporate actions. Your notice to us will not affect any obligations resulting from transactions initiated prior to our receipt of the notice. Other minimums may apply to certain types of special accounts such as Custodial and College Saver accounts. We may receive instructions to pay funds to your account, including wire transfers, transfers sent through an ACH system, and transfers that are processed directly to an account with us. Under ACH rules, funds transfers sent through an ACH system are provisional and may be revoked prior to final settlement. As used in the Schwab Account Agreement, the terms listed below are defined as follows: To open a Schwab Account, you complete an Account Application. Schwab from time to time will inform you of terms and conditions for accessing or using products or services Schwab offers, including, but not limited to, accessing our website and participation in an after-hours trading session. If you become ineligible for a particular Cash Feature or if Schwab discontinues your Cash Feature, then you authorize Schwab to designate another Cash Feature for which your Account is then eligible and transfer the funds from the ineligible or discontinued Cash Feature to the Cash Feature designated by Schwab for you. If your equity falls below the applicable maintenance requirement, we may (but are not obligated to) notify you, by mail, telegram, telephone, or electronic or other means, of a margin call for an amount sufficient to bring your account up to the equity level we require. These include requiring a minimum deposit of $25,000 before any day trades can be made in a margin account and using a different calculation of margin buying power. Any action we take or do not take to issue a margin call or liquidate collateral is undertaken solely to protect our interest as a creditor. Your enrollment in the Schwab StockBuilder Planis activated one Business Day after you notify us by telephone, or five Business Days after receipt of your letter, that you wish to enroll an eligible security. You understand and acknowledge that, in cases where the annual federal tax due is more than $500, the IRS requires that quarterly estimated tax payments be made. Similarly, important financial information is frequently announced outside of regular trading hours. You agree that, after such notice, your enrollment in or acceptance of such products, services or offers, or your new access to the web or Electronic Services, constitutes your consent to electronic delivery of trade confirmations, account statements, prospectuses, issuer information or other documents. 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. Margin maintenance requirements are set: Margin maintenance requirements may change without prior notice. If the termination age selected is different from the state's default age, the Custodian agrees and acknowledges that he (she) is responsible under UGMA or UTMA for determining the proper termination age and that Schwab is not responsible for doing so. The payment order is the instruction you give us regarding a wire transfer. We can charge fees for sending a wire transfer. 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. If there is a discrepancy between an issuer-provided value and a third-party value, Schwab may report the value of your Non-Publicly Traded Security as "N/A" or "Not Available." A waiver will apply only to the particular circumstance giving rise to the waiver and will not be considered a continuing waiver in other similar circumstances, unless the intention to grant a continuing waiver is expressed in writing. If you fail to choose (or change) your desired cost basis accounting method prior to trade settlement, you may have adverse tax implications. Securities that are fully paid for or are deemed "excess margin securities" under applicable securities laws may not be pledged, repledged, or used unless you have signed a separate written agreement that gives us the right to do so. Shares purchased by the buying agent will be delivered to us as your administrative agent. You agree that any such Schwab recommendation will remain in effect only for as long as we tell you that it will remain in effect at the time we make the recommendation. If the account is an incorporated organization account, each authorized agent on your account is a TCP. Deposit accounts at the banks held in your Account are not eligible for SIPC insurance. ET, and an after-hours session that operates from 4:05 p.m. to 8:00 p.m. If you have an advisor on your account (independent or affiliated with Schwab), you understand that you are authorizing both Schwab and your advisor to contact the TCP and we may share TCP information with each other and may coordinate on any conversations with a TCP and on any follow-up actions. Sort columns by clicking on the column header. Bring the Message tool (s) to the front: Makes the Messages tool the active window in your StreetSmart Edge display. Before instructing us to buy/sell/transfer/deposit securities that are: (a)"restricted securities" or securities of an issuer of which you are an "affiliate" (as those terms are defined in Rule 144/144(b)1 under the Securities Act of 1933); (b)securities that are being bought/sold in reliance on Rule 701, Rule 144A, Regulation D, or Regulation S under said Act; or (c)securities of which you and the issuer or its underwriter have entered into an agreement restricting the transferability of such securities (penny stock/micro-cap securities that do not trade on a national securities exchange are required to go through the acceptance review process), you agree to tell us the status of your restricted/control/micro-cap securities, including any restrictions (including contractual lock-up or blackout restrictions) on your ability to buy/sell/transfer/deposit such securities, and to promptly furnish whatever information and documents we need to comply with our regulatory duties. A TOA of all the assets in the Account is a "full TOA"; a TOA in any amount less than this is a "partial TOA." We can charge a fee for providing this market data. We may elect to verify the authenticity and content of any payment order by placing a call to any authorized signer on your account and/or any other person you designate as your agent for that purpose. If after your account is closed for any reason, securities or other property from any source are credited to your account, you authorize us to mail to you either certificates for nonfund securities or a check reflecting the cash balance in your account, or both. Please call Schwab or visit our website for our current margin requirements. It is your responsibility to verify with us the deadline by which you must place your order with Schwab to obtain the next price calculated. If you know or suspect that you have received an overpayment of funds or securities, or if you know or suspect that Schwab has not yet collected from your account a fee you have incurred, you agree to notify Schwab, in writing, as soon as you learn of the overpayment or uncollected fee. You acknowledge that any documentation regarding a Non-Publicly Traded Security submitted to Schwab will be used solely for Schwab's internal operational purposes. When we borrow securities for your account, we are obligated to return the securities to the lender on demand. This minimum margin requirement can differ from the minimum amount required to open your Account. For current fees, call1-800-435-4000. You further acknowledge that proceeds from the sale of your restricted/control securities may not be made available to you for withdrawal or trading purposes until Schwab receives what it, in its sole opinion, considers to be adequate verification that your restricted/control shares have been transferred or cleared for transfer. Your advisor may forward the physical check to us or transmit images of the check and other data to us electronically. Overnight Delivery: Schwab Charitable 1958 Summit Park . See the "Float Disclosure" section for more information. Christopher Spriggs's Phone Number and Email Last Update. 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. Plan to spend about 15 minutes on the process. Therefore, before you apply for the Margin and Short Account Feature, you must carefully consider market conditions and your financial position and investment objectives. These client groups may be given preference in reaching a Schwab representative. This Agreement, and all future agreements you shall enter into with Schwab, unless otherwise indicated on such other agreement, shall be governed by the law (but not the choice of law doctrines) of the state of California. These fees can include, without limitation, any Research Report fees. On account statements and trade confirmations, Schwab calculates the quantity, unit price, and market price out to four decimal places if necessary. It is solely your responsibility to ensure that you will, at all times, comply with all applicable laws, obligations and restrictions in each of the jurisdictions in which you purchase and sell securities. A TCP is a source of information for Schwab and is not a power of attorney. If any assets held in your account generate unrelated business taxable income (UBTI), you have the sole responsibility for reporting such income to the Internal Revenue Service (IRS) and any other tax authorities and for complying with any other tax filing requirements resulting from receipt of such unrelated business taxable income. You acknowledge and agree that Schwab is the principal underwriter of the Schwab Funds. You agree to pay all subscription, service and use fees, if any, that you are charged by Schwab or its designee for Schwab's Electronic Services. If you have instructed the issuers or sponsors of your Non-Publicly Traded Securities to report values to Schwab, you agree that Schwab may, in its sole discretion, display on your Schwab statement the most recent values provided during the prior 18 months.
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