Common use of More Information Clause in Contracts

More Information. For more specific information about the terms and conditions of the ICA program, please see the ICA Disclosure Booklet available from Advisor or on xxx.xxxxxxxxxxxx.xxx.xxx/xxxxxxxxxxx. Deposit Cash Account (DCA) Details In selecting this option for your Account, you agree that: you have independently chosen the DCA program for your Account, fees of LPL and the program administrator, as discussed below, are reasonable and appropriate for the services being provided under the program, you have received and reviewed the DCA Disclosure Booklet (the “Booklet”) and you have not relied on the advice or recommendation of LPL in making this selection. Eligibility. The DCA program is available only to IRAs including traditional, rollover, and Xxxxxxxxx IRAs. Please consult Advisor for additional details concerning eligibility. FDIC Insurance. Deposit Accounts available through the DCA program are eligible for insurance by the FDIC up to $250,000 in principal and accrued interest per depositor (IRAs, Xxxx IRAs, and certain other retirement accounts) in each insurable capacity (e.g. individual, trust, joint, etc.) per program bank. As your agent, LPL will place up to $246,500 of available cash for an individual or trust account ($493,000 for a joint account) into one bank. As your agent, LPL will place funds in excess of $246,500 for an individual or trust account ($493,000 for a joint account) at additional banks in the DCA program. If $246,500 has been deposited for an individual or trust account ($493,000 for joint accounts) at additional banks in the DCA program up to the current maximum deposit insurance determined by the programs current capacity, excess funds above the current maximum will be invested in a money market mutual fund. A prospectus for the money market fund is available from LPL upon request. To view the current maximum deposit insurance see the DCA Interest Rate page on XXX.xxx. Cash invested in a money market mutual fund is not eligible for FDIC deposit insurance. Deposit Accounts are not protected by SIPC. The ability of the DCA program to sweep uninvested cash into Bank deposit accounts depends, however, on the capacity of the Banks to accept new deposits. If during our sweep process at the end of each day, your cash cannot be fully deposited into a participating Bank, it will be automatically invested into a money market mutual fund the following business day just as it will be when your available cash exceeds the maximum level of available deposit insurance detailed earlier. When Bank capacity is restored, your funds are automatically moved from the money market mutual fund into Deposit Accounts with the available Bank(s), subject to the maximum amount of FDIC insurance.

Appears in 4 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

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More Information. For more specific information about the terms and conditions of the ICA program, please see the ICA Disclosure Booklet available from Advisor or on xxx.xxxxxxxxxxxx.xxx.xxx/xxxxxxxxxxx. Deposit Cash Account (DCA) Details In selecting this option for your Account, you agree that: you have independently chosen the DCA program for your Account, fees of LPL and the program administrator, as discussed below, are reasonable and appropriate for the services being provided under the program, you have received and reviewed the DCA Disclosure Booklet (the “Booklet”) and you have not relied on the advice or recommendation of LPL in making this selection. Eligibility. The DCA program is available only to IRAs including traditional, rollover, and Xxxxxxxxx IRAs. Please consult Advisor for additional details concerning eligibility. FDIC Insurance. Deposit Accounts available through the DCA program are eligible for insurance by the FDIC up to $250,000 in principal and accrued interest per depositor (IRAs, Xxxx IRAs, and certain other retirement accounts) in each insurable capacity (e.g. individual, trust, joint, etc.) per program bank. As your agent, LPL will place up to $246,500 of available cash for an individual or trust account ($493,000 for a joint account) into one bank. As your agent, LPL will place funds in excess of $246,500 for an individual or trust account ($493,000 for a joint account) at additional banks in the DCA program. If $246,500 has been deposited for an individual or trust account ($493,000 for joint accounts) at additional banks in the DCA program up to the current maximum deposit insurance determined by the programs current capacity, excess funds above the current maximum will be invested in a money market mutual fund. A prospectus for the money market fund is available from LPL upon request. To view the current maximum deposit insurance see the DCA Interest Rate page on XXX.xxx. Cash Xxxx invested in a money market mutual fund is not eligible for FDIC deposit insurance. Deposit Accounts are not protected by SIPC. The ability of the DCA program to sweep uninvested cash into Bank deposit accounts depends, however, on the capacity of the Banks to accept new deposits. If during our sweep process at the end of each day, your cash cannot be fully deposited into a participating Bank, it will be automatically invested into a money market mutual fund the following business day just as it will be when your available cash exceeds the maximum level of available deposit insurance detailed earlier. When Bank capacity is restored, your funds are automatically moved from the money market mutual fund into Deposit Accounts with the available Bank(s), subject to the maximum amount of FDIC insurance.

Appears in 1 contract

Samples: Account Agreement

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More Information. For more specific information about the terms and conditions of the ICA program, please see the ICA Disclosure Booklet available from Advisor or on xxx.xxxxxxxxxxxx.xxx.xxx/xxxxxxxxxxxxxxxxxxxxxxx.xxx.xxx/xxxxxxxxxxx. Deposit Cash Account (DCA) Details In selecting this option for your Account, you agree that: you have independently chosen the DCA program for your Account, fees of LPL and the program administrator, as discussed below, are reasonable and appropriate for the services being provided under the program, you have received and reviewed the DCA Disclosure Booklet (the “Booklet”) and you have not relied on the advice or recommendation of LPL in making this selection. Eligibility. The DCA program is available only to IRAs including traditional, rollover, and Xxxxxxxxx IRAs. Please consult Advisor for additional details concerning eligibility. FDIC Insurance. Deposit Accounts available through the DCA program are eligible for insurance by the FDIC up to $250,000 in principal and accrued interest per depositor (IRAs, Xxxx IRAs, and certain other retirement accounts) in each insurable capacity (e.g. individual, trust, joint, etc.) per program bank. As your agent, LPL will place up to $246,500 of available cash for an individual or trust account ($493,000 for a joint account) into one bank. As your agent, LPL will place funds in excess of $246,500 for an individual or trust account ($493,000 for a joint account) at additional banks in the DCA program. If $246,500 has been deposited for an individual or trust account ($493,000 for joint accounts) at additional banks in the DCA program up to the current maximum deposit insurance determined by the programs current capacity, excess funds above the current maximum will be invested in a money market mutual fund. A prospectus for the money market fund is available from LPL upon request. To view the current maximum deposit insurance see the DCA Interest Rate page on XXX.xxx. Cash invested in a money market mutual fund is not eligible for FDIC deposit insurance. Deposit Accounts are not protected by SIPC. The ability of the DCA program to sweep uninvested cash into Bank deposit accounts depends, however, on the capacity of the Banks to accept new deposits. If during our sweep process at the end of each day, your cash cannot be fully deposited into a participating Bank, it will be automatically invested into a money market mutual fund the following business day just as it will be when your available cash exceeds the maximum level of available deposit insurance detailed earlier. When Bank capacity is restored, your funds are automatically moved from the money market mutual fund into Deposit Accounts with the available Bank(s), subject to the maximum amount of FDIC insurance.

Appears in 1 contract

Samples: Account Agreement

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