Common use of Money Market Fund Clause in Contracts

Money Market Fund. The Cash Sweep Vehicle for ineligible accounts will be a taxable Money Market Fund. The Money Market Funds offered in the Cash Sweep Program may include those for which an affiliate of our Clearing Firm provides investment management and other services, including the Xxxxx Fargo Money Market Funds. Prior to, or at the same time your available funds are first swept into an available Money Market Fund, you will be furnished with the appropriate prospectus, which should be read carefully. Mutual fund companies typically offer multiple share classes with different levels of fees and expenses. When selecting the share class for the Money Market Fund used as a Cash Sweep Vehicle, we do not, in all instances, select the share class with the lowest fees that is available from the fund company and these decisions are influenced by the additional compensation we receive. The selection of a more expensive share class of a Money Market Fund used as a Cash Sweep Vehicle will negatively impact your overall investment returns. Prior to the receipt of your signed account documents, cash deposited into your Account and not otherwise invested will be held as a free credit balance and not placed in the Cash Sweep Program until written consent is provided to participate in the Cash Sweep Program. Except for retirement accounts, while any cash remains in free credit balance, you will not earn any interest on such balance. When you open your Account, or you select an ineligible Cash Sweep Vehicle, your Cash Sweep Vehicle will be, and any cash balances transferred to, the Expanded Bank Deposit Sweep if you are eligible (if not, your Cash Sweep Vehicle will be (and any cash balances transferred to) the Standard Bank Deposit Sweep, or an available Money Market Fund selected by us). If you wish to specify a different Cash Sweep Vehicle, if available for your Account type, you may do so at any time by instructing your Advisor to notify us of the Cash Sweep Vehicle you wish to choose for your Account. Existing balances in your prior Cash Sweep Vehicle will be automatically transferred to the new Cash Sweep Vehicle you select. How the Sweep Program Works: On each business day available cash balances will be automatically swept into the Cash Sweep Vehicle for your account. Shares or cash held in your Cash Sweep Vehicle will be automatically redeemed in order to settle a transaction, serve as collateral for a margin loan or short sale, or satisfy any other obligations. Timing of Credits: Your Cash Sweep Vehicle will be credited: (i) in the case of available cash balances resulting from the proceeds of securities sales, on the settlement date of the securities sale; and

Money Market Fund. The Cash Sweep Vehicle for ineligible accounts will be a A taxable Money Market FundFund is the Cash Sweep Option for account types ineligible for either Bank Deposit Sweep Program. The list of Money Market Funds used as a Cash Sweep Option may be obtained by contacting your financial professional. Among the Money Market Funds offered in the Cash Sweep Program may include those for advised by Allspring Global Investments, a money management firm in which the Clearing Agent holds a small ownership interest, but which is not considered an affiliate of our the Clearing Firm provides investment management and other services, including the Xxxxx Fargo Money Market FundsAgent. Prior to, or at the same time your available funds are first swept into an available Money Market Fund, you will be furnished with the appropriate prospectus, which should be read carefully. Mutual fund companies typically offer multiple share classes with different levels of fees and expenses. When selecting the share class for the Money Market Fund used as a Cash Sweep VehicleOption, we do not, the Clearing Agent does not in all instances, select the share class with the lowest fees that is available from the fund company and these decisions are influenced by the additional compensation we receivethe Clearing Agent receives in connection with your account's Money Market Fund holdings. The selection use of a more expensive share class of a Money Market Fund used as a Cash Sweep Vehicle Option will negatively impact your overall investment returns. Prior to the receipt of your signed account documents, cash deposited into your Account account and not otherwise invested will be held as a free credit balance and not placed in the Cash Sweep Program until written consent is provided to participate in the Cash Sweep Programparticipate. Except for retirement accounts, while any cash remains in free credit balance, you will not earn any interest on such balance. When you open your Accountaccount, or you select an ineligible Cash Sweep VehicleOption, your Cash Sweep Vehicle will be, and any cash balances transferred to, the Expanded Bank Deposit Sweep if you are eligible (if not, your Cash Sweep Vehicle Option will be (and any cash balances will be transferred to) the Standard Bank Deposit Sweep, or an available Money Market Fund selected by us)primary Cash Sweep Option for your account type. If you wish You may contact your Introducing Firm at any time to specify select a different Cash Sweep Vehicle, if Option available for your Account account type, you may do so at any time by instructing your Advisor to notify us of the Cash Sweep Vehicle you wish to choose for your Account. Existing balances in your prior Cash Sweep Vehicle Option will be automatically transferred to the new Cash Sweep Vehicle Option you select. How the Sweep Program Works: On each business day available cash balances will be automatically swept into the Cash Sweep Vehicle for your account. Shares or cash held in your Cash Sweep Vehicle will be automatically redeemed in order to settle a transaction, serve as collateral for a margin loan or short sale, or satisfy any other obligations. Timing of Credits: Your Cash Sweep Vehicle will be credited: (i) in the case of available cash balances resulting from the proceeds of securities sales, on the settlement date of the securities sale; and.

Money Market Fund. The Cash Sweep Vehicle for ineligible accounts will be a taxable Money Market Fund. The Among the Money Market Funds offered in the Cash Sweep Program may include those for advised by Allspring Global Investments, a money management firm in which our Clearing Agent holds a small ownership interest (less than 10%) but which is not considered an affiliate of our Clearing Firm provides investment management and other services, including the Xxxxx Fargo Money Market FundsAgent. Prior to, or at the same time your available funds are first swept into an available Money Market Fund, you will be furnished with the appropriate prospectus, which should be read carefully. Mutual fund companies typically offer multiple share classes with different levels of fees and expenses. When selecting the share class for the Money Market Fund used as a Cash Sweep Vehicle, we do not, in all instances, select the share class with the lowest fees that is available from the fund company and these decisions are influenced by the additional compensation we receivereceive in connection with your account's Money Market Fund holdings. The selection use of a more expensive share class of a Money Market Fund used as a Cash Sweep Vehicle will negatively impact your overall investment returns. Prior to the receipt of your signed account documents, cash deposited into your Account account and not otherwise invested will be held as a free credit balance and not placed in the Cash Sweep Program until written consent is provided to participate in the Cash Sweep Program. Except for retirement accounts, while any cash remains in free credit balance, you will not earn any interest on such balance. When you open your Accountaccount, or you select an ineligible Cash Sweep Vehicle, your Cash Sweep Vehicle will be, be (and any cash balances will be transferred to, ) the Expanded Bank Deposit Sweep if you are eligible (if not, your Cash Sweep Vehicle will be (and any cash balances will be transferred to) the Standard Bank Deposit Sweep, or an available Money Market Fund selected by us). If you wish to specify a different Cash Sweep Vehicle, if available for your Account account type, you may do so at any time by instructing your Advisor to notify us of the Cash Sweep Vehicle you wish to choose for your Accountcontacting us. Existing balances in your prior Cash Sweep Vehicle will be automatically transferred to the new Cash Sweep Vehicle you select. How the Sweep Program Works: On each business day available cash balances will be automatically swept into the Cash Sweep Vehicle for your account. Shares or cash held in your Cash Sweep Vehicle will be automatically redeemed in order to settle a transaction, serve as collateral for a margin loan or short sale, or satisfy any other obligations. Timing of Credits: Your Cash Sweep Vehicle will be credited: (i) in the case of available cash balances resulting from the proceeds of securities sales, on the settlement date of the securities sale; and.