Common use of FDIC INSURED DEPOSIT PROGRAM Clause in Contracts

FDIC INSURED DEPOSIT PROGRAM. Upon establishment of your new account, and all subsequent account(s) opened for you by Royal Alliance, free credit balances in (i) all retail brokerage accounts, and (ii) Individual Retirement Accounts (IRAs) held with Pershing or SunAmerica Trust Company (“STC”), will be automatically swept into the FDIC Insured Deposit Program (via a “deposit account”). By executing the Client Signature Page of the Customer Agreement, you appoint Royal Alliance’s clearing firm, Pershing, as your authorized agent to establish and maintain on your behalf a deposit account with one or more banks participating in the program (“Program Banks”), which are all FDIC insured depository institutions. To view a list of Program Banks and current program interest rates, please visit the Royal Alliance website, at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ – Click on “Disclosures” and then one of the three categories offered in the FDIC Insured Deposit Program, as described below. You may also contact your Financial Advisor, or contact Royal Alliance, at (▇▇▇) ▇▇▇-▇▇▇▇ to obtain this information.

FDIC INSURED DEPOSIT PROGRAM. Upon establishment of your new account, and all subsequent account(s) opened for you by Royal Alliance, free credit balances in (i) all retail brokerage accounts, and (ii) Individual Retirement Accounts (IRAs) held with Pershing or SunAmerica Trust Company National Financial Services (“STC”NFS), will be automatically swept into the FDIC Insured Deposit Program (via a “deposit account”). By executing the Client Signature Page of the Customer Agreement, you appoint Royal Alliance’s clearing firm, PershingNFS, as your authorized agent to establish and maintain on your behalf a deposit account with one or more banks participating in the program (“Program Banks”), which are all FDIC insured depository institutions. To view a list of Program Banks and current program interest rates, please visit the Royal Alliance website, at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ – Click on “Disclosures” and then one of the three categories offered in the FDIC Insured Deposit Program, as described below. You may also contact your Financial AdvisorProfessional, or contact Royal Alliance, at (▇▇▇800) ▇▇▇-▇▇▇▇ 552−3319 to obtain this information.