When you purchase securities on a cash basis, you agree to pay for the securities by settlement day. Dividend reinvestment does not assure profits on your investments and does not protect against loss in declining markets. In addition, if you write an uncovered call option contract and are allocated an exercise of the option, you may be required to borrow shares in order to satisfy the delivery requirement of the option contract. You may not use your account or any account-related service to process gambling transactions, or to conduct any other activity, that would violate applicable law. We will pay all brokerage commissions or service charges assessed by the buying agent that apply to automatic reinvestment transactions in SCHW stock. Each Third-Party Beneficiary is entitled to rely upon all rights, representations, warranties and covenants made by you in this ESA to the same extent as if each Third-Party Beneficiary was a party to this ESA with respect to their own Information or Research Reports. You agree and acknowledge that Securities and Other Property held in your Margin Account, now or in the future, can be borrowed (either separately or together with the property of others) by us (acting as principal) or by others. Schwab does not promote directly or indirectly what is commonly referred to as "Day Trading." When you make a short sale, it is necessary to borrow securities in order to deliver the shares to the buyer. 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. You cannot amend or cancel a payment order after we receive it. If you or Schwab designate a new Cash Feature after the close of business or on a non-Business Day, your Free Credit Balances will be invested or deposited into your new Cash Feature after the close of business on the next Business Day, and generally will begin earning dividends or interest on the Business Day following the next Business Day. Please consult with your attorney or investment advisor with regard to your particular investment. Schwab does not accept limit orders in sub-penny prices. Until notified otherwise by Schwab, you agree to use software that supports the Secure Socket Layer (SSL) protocol or other protocols accepted by Schwab and follow Schwab's logon procedures for Electronic Services that support such protocols. During this time, we will earn and retain interest on your funds, generally at money market rates. It is your responsibility to choose (or change) the appropriate cost basis accounting method for your tax situation. At our election, all debit balances in your account, including those resulting from extensions of margin credit, will be immediately due and payable. During periods of heavy trading and/or wide price fluctuations ("Fast Markets"), there may be delays in executing your order or providing trade status reports to you. You acknowledge that you bear the entire risk and agree to accept full responsibility for the orders you place. You may ask for copies of the documents that we used in our investigation. Deposit and lending products and services are offered by Charles Schwab Bank, SSB, Member FDIC and an Equal Housing Lender. Although investments in SchwabSweep Money Funds provide a means of earning a return on cash, there can be no assurance that a SchwabSweep Money Fund will be able to maintain a stable net asset value of $1 per share. You agree to review the Terms of Service and not to use or not to continue use of the Service if you do not agree to pay the applicable fees. No portion of these fees will reduce or offset the fees otherwise due to Schwab in connection with the Account unless required by law. For further details, please seewww.sipc.org. We may elect anytime, with or without notice, to make any debit balance or other obligation related to your account immediately due and payable. This site is designed for U.S. residents. Backup withholding is a tax withholding on specific types of payments for federal tax and state tax purposes. Schwab reserves the right to enter into fee-sharing arrangements with applicable Information Providers, Information Transmitters, and Third-Party Research Providers. You agree that we are not liable for any damages or market fluctuations resulting from an error you fail to timely report to us or to your delay in reporting an error to us. If Schwab fails to sweep, or pay interest on, your Free Credit Balance according to the Cash Features Disclosure Statement, Schwab's liability is limited to the actual amount of interest or dividends you would have earned had the Free Credit Balance been invested, deposited, or credited in the manner described in the Cash Features Disclosure Statement. ThePricing Guidesare companions to this Account Agreement and are incorporated as part of this Account Agreement. Timing of purchases is subject to our discretion. Engage via Email. Alternatively, you may call1-877-870-7317to request a paper copy of the most current margin rate table. In arranging for the execution of non-directed orders for equities and listed options, Schwab seeks out industry-leading execution services and access to the best-performing markets. If arbitration before FINRA or an eligible national securities exchange is unavailable or impossible for any reason, then such arbitration will be conducted by, and according to the rules and regulations then in effect of, the American Arbitration Association (AAA). We obtain market data from securities exchanges and markets and from third parties that transmit market data (collectively referred to in this section as "the market data providers"). These client groups may be given preference in reaching a Schwab representative. Select your country/region of residence from the list below. You agree that Schwab will retain as compensation for services your Account's proportionate share of any interest earned on aggregate cash balances held in Schwab's bank account with respect to (1)assets awaiting investment or (2)assets pending distribution from your Account. Such terms and conditions, when accepted by you as indicated either by your actions or express acknowledgment, become part of your Account Agreement with Schwab, and you agree to abide by the requirements of those terms and conditions. If several accounts hold short positions in a security and not all of the positions are to be covered, we can select the positions to be covered on a random basis. You are responsible for monitoring the status of your account, for ensuring that sufficient collateral is maintained in the account and for liquidating positions to minimize losses. If you have an account for which you are acting in a fiduciary capacity, it is your responsibility to consider whether it is appropriate for envelopes to be mailed to you that might contain material relating to both your personal and fiduciary capacities. Schwab reserves the right, but has no obligation, to negotiate different prices or arrangements than those described in aPricing Guideor elsewhere with account holders and with unaffiliated third parties acting as agents for certain account holders. Notwithstanding any oral communications between you and us, we reserve the right to liquidate anytime (including on or before settlement date) if the equity in your account falls below Schwab's minimum requirements. The daily interest charges are calculated by multiplying your "daily adjusted debit balance" by the "daily margin interest rate." We can transfer Securities and Other Property from any non-retirement brokerage account in which you have an interest to any other non-retirement brokerage account in which you have an interest, regardless of whether there are other account holders on either account, in order to satisfy deficiencies in any such account or if we think your obligations in any such account are not adequately secured. When your account is first opened, Schwab will default the cost basis accounting method for open-end mutual funds to the Average Cost Method with the First In, First out (FIFO) Lot Selection Method, and for all other assets (i.e., equities, fixed income, options, etc.) We may in our sole discretion close your account or terminate any or all services rendered under the Account Agreement anytime and for any reason. Before you submit a short sale order, you will be notified of the current cost of borrowing those shares. This information may also be shared with other companies to support your transactions with us and for identity verification and fraud avoidance purposes. If you do not respond within the specified time period, you agree that Schwab may treat your non-response as your acceptance of the new Cash Feature. Schwab will not be responsible for any service difficulties resulting from your failure to possess technology adequate to use Schwab's Electronic Services to your satisfaction. It is unlikely that you would be able to sell your interests in the Non-Publicly Traded Securities held in your Account or realize the amounts shown on your Schwab statement upon a sale of the Non-Publicly Traded Securities held in your Account. Fail to receive an accurate written confirmation of an order or its execution. You may obtain a copy of the applicablePricing Guideor fee schedule by calling1-800-435-4000, or if your Account is managed by an independent investment advisor, please contact your advisor directly, or call Schwab Alliance at1-800-515-2157. Your TCP will be the same for all your accounts (except for incorporated organization accounts), so if you provide or update your TCP for one account, it will apply to all of your accounts (except for incorporated organization accounts). 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. ArbitrationYou agree that any controversy which may arise between yourself and any Third-Party Information or Research Provider and any of their officers, directors, affiliates and employees, shall be resolved in arbitration in accordance with the terms and conditions of the arbitration agreement(s) entered into between you and Schwab at the time you opened your Schwab account(s), and as amended from time to time. Agreement Not to Contact AnalystYou agree not to contact any individual or analyst who is an author of, or who is named on, any Research Report, or any representative of any Information or Research Provider. Learn more Could a professional trustee help you achieve your goals? If the Electronic Services are unavailable or delayed at any time, you agree to use alternative means to place your orders, such as calling a Schwab representative or visiting one of our branch offices. Generally, current margin maintenance rules require you to maintain equity in your account equal to at least Schwab's minimum maintenance requirement for the market value of each stock "short" in your account. It is important that you provide us with accurate and complete payment information. Find workshops View All Branches 2. Schwab does not have any obligation to advance redemption proceeds and distributions related to mutual fund shares to your account before we have received them from the mutual fund. With respect to any election you make in a corporate action while the Securities or Other Property in your Margin Account are lent to another borrowing counterparty, you understand that the borrower may vote the shares differently and/or make a different election. Risk of Higher Volatility. 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. You agree to abide by any such restriction and to not initiate trades or transactions which would violate any restriction on your Account. This manual review may result in a delay in execution. We will tell you the results within three Business Days after completing our investigation. A description of the error or transaction you're unsure about, A clear explanation of why you believe it's an error or why you need more information, and. All transactions made through the Schwab StockBuilder Planwill be confirmed on your regular account statement. Certain fees and other items relating to your account are calculated by considering (i.e., aggregating) activities and balances in the Accounts of Your Household. Designating one or more TCPs is solely your decision and is optional. Therefore, before you apply for the Margin and Short Account Feature, you must carefully consider market conditions and your financial position and investment objectives. If you provide Schwab with evidence of the validity of the security from an independent third party within 60 days of receiving the notice of removal, Schwab will reinstate your position. Learn more You agree to use this credit primarily for business and investment purposes. The Cash Features Program permits you to earn income while you decide how those funds should be invested longer term. You acknowledge that Schwab's obligations are limited to maintaining possession or control and may not include facilitation of transfers, sales, withdrawals, or any other activity related to the Non-Publicly Traded Securities. E-0323-5864603325063757858 REG18163-29 (04/23), Brokerage Products: Not FDIC Insured No Bank Guarantee May Lose Value. Contact Number (***) ***-**** If you are a new customer and the error or question concerns a Schwab MoneyLinkElectronic Fund Transfer that occurred within 30 days after the first deposit to your Schwab Account was made, we will tell you the results of our investigation within 20 Business Days after we hear from you. Timing is subject to our discretion. If several purchase transactions are required in order to reinvest your and other customers' eligible cash distributions in a particular security, the purchase price per share will be the weighted average price per share for all such shares purchased. Schwab processes your request to change or cancel an order on a best-efforts basis only and will not be liable to you if Schwab is unable to change or cancel your order. By providing us with a payment order in a manner that is acceptable to us, you authorize us to act on your behalf to initiate a wire transfer. In no event will we be liable for any special, indirect, or consequential damages (even if we have been informed of the possibility of such damages), including, without limitation, loss of profits or revenue, except as may be required by applicable law. Access to the Electronic Services may be limited or unavailable during periods of peak demand, market volatility, systems upgrades or maintenance, or for other reasons.
