Portfolio Connection Brokerage Account - Union Bank

eceipt of the prospectus for the designated affiliated Money
Market Mutual Fund, and I authorize, but do not require, you to
automatically invest in such affiliated Money Market Mutual
Funds on a daily basis, the free credit balances in my Portfolio
Connection Brokerage Account (such balances defined as cash
that my be transferred without giving rise to interest charges),
in excess of $1.00, including interest and dividend paid to me.
All investments must meet the fund’s investment minimums.
Money in my Core Account Investment Vehicle earns
dividends, as described in the applicable fund’s prospectus. If,
in the future, I have a different money market fund for my Core
Account Investment Vehicle, these provisions still apply.
b. Bank Deposit Sweep Program. You will promptly credit all
proceeds from all transactions, including deposits, to my Core
Account. If I have a Bank Deposit Sweep Program as my Core
Account Investment Vehicle, my Core Account credits (which
are considered cash balances awaiting reinvestment) will be
moved each day to the Bank Deposit Sweep Program. Money in
the Bank Deposit Sweep Program earns interest, as described in
the applicable disclosure document, and the rate of such interest
paid is determined by the Bank, also as indicated in the applicable
disclosure document, and may change at any time without notice
to you. To learn more, please refer to the Bank Deposit Sweep
Program disclosure document.
c. General Information. I understand that any such automatic
investment by you shall be subject to prior payment by you, and on
my behalf, of any margin loan balances, and any other obligation
in my Portfolio Connection Brokerage Account, including but not
limited to settlement of securities transactions. Amounts of less
than $1.00 will be automatically invested weekly.
For securities sold or purchased through you and any resulting credit
or debit balances, I hereby authorize you to automatically settle all
transactions through the affiliated Core Vehicle designated in the
Portfolio Connection Account Application. In the event that I carry a
margin account with NFS, I further authorize you to transfer from the
designated Core Vehicle any sums necessary to maintain the required
minimum equity in such margin accounts. In the event that the Core
Vehicle contains insufficient available funds to cover the transaction,
I authorize you to instruct the Bank to, and the Bank may, debit any
of my/our savings, time, money market or other deposit accounts at
the Bank or any such Bank accounts in which I have an interest for
the amount of any insufficiency. My Portfolio Connection Brokerage
Account statement details all activity in the Core Vehicle. This is
provided in lieu of a confirmation that might otherwise be provided to
me with respect to those transactions.
xv. Joint Accounts
If this is a joint account, “I” refers to all Portfolio Connection
Brokerage Account holders, and each of the Portfolio Connection
Brokerage Account holders jointly and severally agrees that any
account holder has authority on behalf of the joint account to:
●●
Buy, sell (including short sales) and otherwise deal in stocks,
bonds, options and other eligible securities or other investments on
margin or otherwise;
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