Common use of Leverage Disclosure Clause in Contracts

Leverage Disclosure. Using borrowed money to finance the purchase of securities involves greater risk than a purchase using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same, even if the value of the securities purchased declines. An investment strategy that uses borrowed money could result in far greater losses than an investment strategy that does not use borrowed money. There may also be tax consequences to you if assets in your account must be sold in order to meet any obligations to repay the borrowed money or any interest owing.

Leverage Disclosure. Using borrowed money to finance the purchase of securities involves greater risk than a purchase using cash resources onlyonly and may not be suitable for all investors. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same, same even if the value of the securities purchased declines. An investment strategy that uses borrowed money could result in far greater losses than an investment strategy that does not use borrowed money. There may also be tax consequences to you if assets in your account must be sold in order to meet any obligations to repay the borrowed money or any interest owing.

Leverage Disclosure. Using borrowed money to finance the purchase of securities involves greater risk than a purchase using cash resources onlyonly and may not be suitable for all investors. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same, same even if the value of the securities purchased declines. An investment strategy Risks of Borrowing to Invest There are some risks and factors that uses borrowed money could result in far greater losses than an investment strategy that does not use borrowed money. There may also be tax consequences you should consider before borrowing to you if assets in your account must be sold in order to meet any obligations to repay the borrowed money or any interest owing.invest, including:

Leverage Disclosure. Using borrowed money funds to finance the purchase of securities involves greater risk than a purchase using cash resources only. If Should you borrow money funds to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same, same even if the value of the securities purchased declines. An investment strategy that uses borrowed money could result in far greater losses than an investment strategy that does We do not use borrowed money. There may also be tax consequences lend cash to you if assets in your account must be sold in order to meet any obligations to repay the borrowed money or any interest owingclients.

Leverage Disclosure. Using borrowed money funds to finance the purchase of securities involves greater risk than a purchase using cash resources only. If Should you borrow money funds to purchase securities, your responsibility to repay the loan and pay interest as required by its your terms remains the same, same even if the value of the securities purchased declines. An investment strategy that uses borrowed money could result in far greater losses than an investment strategy that does We do not use borrowed money. There may also be tax consequences lend cash to you if assets in your account must be sold in order to meet any obligations to repay the borrowed money or any interest owingclients.

Leverage Disclosure. Using borrowed money to finance the purchase of securities involves greater risk than a purchase using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its the terms of the loan remains the same, same even if the value of the securities purchased declines. An investment strategy that uses borrowed money could result in far greater losses than an investment strategy that does not use borrowed money. There may also be tax consequences to you if assets in your account must be sold in order to meet any obligations to repay the borrowed money or any interest owing.

Leverage Disclosure. Using borrowed money to finance the purchase of securities involves greater risk than a purchase using cash resources onlyonly and may not be suitable for all investors. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest interes t as required by its terms remains the same, same even if the value of the securities purchased declines. An investment strategy that uses borrowed money could result in far greater losses than an investment strategy that does not use borrowed money. There may also be tax consequences to you if assets in your account must be sold in order to meet any obligations to repay the borrowed money or any interest owing.

Leverage Disclosure. Using borrowed money to finance the purchase of securities Securities involves greater risk than a purchase using cash resources only. If you borrow money to purchase securitiesSecurities, your responsibility to repay the loan and pay interest as required by its terms remains the same, same even if the value of the securities Securities purchased declines. An investment strategy that uses borrowed money could result in far greater losses than an investment strategy that does not use borrowed money. There may also be tax consequences to you if assets in your account must be sold in order to meet any obligations to repay the borrowed money or any interest owing.

Leverage Disclosure. Using borrowed money to finance the purchase of securities involves greater risk than a purchase using cash resources onlyonly . If you Should the Client borrow money to purchase securities, your the Client’s responsibility to repay the loan and pay interest as required by its his/her terms remains the same, same even if the value of the securities purchased declinesdeclines . An investment strategy that uses borrowed money could result in far greater losses than an investment strategy that BPICI does not use borrowed money. There may also be tax consequences lend money to you if assets in your account must be sold in order to meet any obligations to repay the borrowed money or any interest owingClients .