Fees for certain services and accounts are generally set out in a price guide or fee schedule, by .B. in the Charles Schwab Pricing Guide or any other pricing guide that Schwab provides on your behalf as needed (collectively, the „Pricing Guides“ and individually a „Pricing Guide“). Pricing guides accompany this Account Agreement and are incorporated into this Account Agreement. By choosing a TCP, you understand that you have authorized Schwab to contact the TCP at our discretion and disclose any information about your account to help us manage the above situations. This includes disclosing information about your account to remedy potential financial abuse, confirming details of your current contact information, your mental and physical health condition, or the identity of a legal guardian, executor, trustee, or power of attorney for your accounts; or to the extent permitted by industry regulations or government laws. By submitting an account application, you authorize us to: Assets awaiting an investment or deposit include: (1) the amounts you have deposited into your account; and (2) any other uninvested assets held by your account as a result of an instruction authorized to Schwab to buy or sell securities (which may be automatically deposited into a Schwab® Sweep Money fund or deposited into a Sweep bank after the period described below). With respect to such assets awaiting investment or deposit: (i) if such assets are received by Schwab on a business day and before the filing deadline for the local Schwab Investor Center where the funds are deposited, such interest may be earned by Schwab until the beginning of the next business day; (ii) If such assets are received on a day that is not a business day, or if such assets are received after the filing deadline of the local Schwab Investor Center, such interest may be earned until the beginning of the second following business day. For more information on Schwab`s financial relationship with mutual funds and exchange-traded products, please see www.schwab.com. Further information is available upon request. All transactions on your margin and short-term account are subject to the account agreement in its entirety and all other written agreements between you and us, all of which will be amended from time to time. When you buy margin securities or close short sales or short options, you borrow money from Schwab for part of your trades. All securities and other assets in your Schwab accounts will be given as collateral to secure this loan.
These margin transactions are riskier and involve the possibility of larger losses than transactions where you do not borrow money. If the value of your securities and other assets decreases, you may need to deposit more assets (a „margin call“) to secure your loan or securities, and other assets may be sold to repay or repay your loan without notice and at a loss or at prices lower than in other circumstances. If you sell securities short and the value of the securities increases, you may receive a margin call asking you to deposit additional assets and we may sell other assets in your account to meet your margin obligation without notice and at a loss or at prices lower than in any other circumstance. There are no fees for applying for a line of credit, and there are no account opening or maintenance fees on the pledged account (brokerage commissions and other fees may apply). Under regulations or laws, your account may not be eligible to invest in certain Sweep Funds. While investing in Schwab® Sweep Money Funds offers a way to earn a cash return, there is no guarantee that a Schwab® Sweep Money fund will be able to maintain a stable net asset value of $1 per share. In the event that a Schwab® Sweep Money fund is no longer able to maintain the net asset value of its shares at $1, authorize and instruct Schwab, without further notice, to redeem all of your Schwab® Sweep Money Fund shares as soon as commercially possible and deposit the proceeds into your account. When you contact us, you must provide us with information that will help us identify the transfer you wish to cancel, including the amount and location to which the money was sent.
We will refund your money within three business days of your request to cancel a transfer, as long as the money has not already been collected or deposited into a recipient`s account. If my Schwab account is converted to another account with Schwab, whether by closing my Schwab account and opening another account or otherwise, I agree to read and be bound by the terms of the Agreement applicable to that other Account as they are currently in effect at the time of conversion and as amended from time to time thereafter. I understand that the account terms for that other account with Schwab, including account fees, other fees and charges, cash features, interest rates and cash returns, may be different and more or less advantageous than comparable terms for my Schwab account. If I do not receive or do not understand the agreement regarding the account to which my Schwab account will be converted, I will notify Schwab. If you have a consultant on your account (independent or affiliated with Schwab), you understand that you authorize Schwab and your advisor to contact TCP, and we may share TCP information with each other and coordinate with each other in all conversations with a TCP and in all follow-ups. You agree that Schwab is not responsible for and cannot monitor your consultant`s use of TCP information. The president himself has no public events on his agenda, but the White House has posted a video on his Biden social media accounts. Harris promised to visit, but no date has been announced. Scope of the Agreement – This Electronic Services Agreement (the „Agreement“) between you and Schwab contains the terms that govern your use of schwab`s Electronic Services. This is part of your brokerage account contract.
The term „we, when used below, means Schwab. The term „electronic services“ includes all of Schwab`s computer, telephone, fax, e-mail or wireless services or systems. This includes services and information accessible through Schwab or service providers used by Schwab, including, but not limited to: At our discretion, all debit balances in your account, including those resulting from margin balance renewals, are immediately due and payable. You further agree that, to the extent that no funds are available, Schwab is entitled to liquidate any investment in your account necessary to generate the funds necessary to meet your tax obligations. You understand and acknowledge that in cases where the annual federal tax is greater than $500, the IRS requires that quarterly estimated tax payments be made. You understand and acknowledge that Schwab will only make such quarterly payments in the name of your account if you ask us in writing to make such payments and if you tell us the amount we must pay quarterly. You agree that, as compensation for the Services, Schwab will retain the proportionate portion of your account of all interest earned on the aggregate cash balances of Schwab`s bank account with respect to (1) assets awaiting investment or (2) assets distributed from your account. The interest retained by Schwab is generally calculated at money market rates.
You agree to carefully review your own financial condition, risk tolerance and investment objectives, as well as market conditions, before deciding to use the margin credit or short account features. By applying for a margin account and/or placing a margin order, you acknowledge that, with the terms of the margin agreement, you have carefully considered all of these factors and decided that margin financing is right for you. .