Portfolio Connection Brokerage Account - Union Bank

iv. Check-Writing Privileges
Checks drawn against my Portfolio Connection Brokerage Account
are payable through the Bank. I will be charged fees for events or
services such as stop payment requests, dishonored checks, copies
of checks or excessive check-writing activity, as set forth in the
Portfolio Connection Brokerage Account Fee Schedule. My checks may be
dishonored if the available balance in my account is insufficient to
honor a check in full.
v. Margin Orders/Loans and Options (Requires Separate Application)
I agree that in giving orders to sell, all “short” sale orders will be
designated as “short” by me and all “long” sale orders will be
designated as “long” by me, and that the designation of a sell order
as “long” is a representation on my part that I own the security and,
if the security is not in your possession, I will deliver it to you on or
before the settlement date.
I understand and agree that margin loans, if any, provided to me
will be made by NFS and not by Investment Services or the Bank
and that Investment Services may charge me for any sums due
Investment Services or NFS in connection with my margin/option
account. I will not request that any transaction in options be effected
for my Account unless each request is in compliance with the
Investment Services Option Agreement and compliance program.
Any margin credit extended by NFS will be in accordance with NFS’s
then prevailing margin agreement and margin credit policies. By
requesting margin credit, I acknowledge that I have read and agree
to such agreement and that I will comply with all requirements which
NFS may impose with respect to such loans.
vi. Transfer on Death (TOD) Designation
For individuals in certain jurisdictions, the Uniform TOD Security
Registration Act permits my Portfolio Connection Brokerage Account
to be registered under a “Transfer on Death” ownership designation
that will cause my Account to pass to named beneficiary(ies) on
my death or the death of the survivor of multiple owners. As a
consequence, the Act permits the non-probate transfer of securities
that would presumptively supersede the terms of my Will, revocable
trust or other estate planning dispositive arrangements. I can
change my beneficiary designation at any time by filling out a new
Beneficiary Designation form. You will rely on the latest Beneficiary
Designation in your possession. I acknowledge and agree that
I cannot change my beneficiary by will, codicil or trust, or other
testamentary document. If you consider it necessary, you may
request additional documents from any beneficiaries before you
transfer assets to them from my account. I understand that although
NFS may hold in a nominee name securities that are in a TOD
account, NFS has no responsibility to determine the registration or
ownership of the account as a whole, either before or after my death.
I understand that neither Investment Services nor NFS will advise me on
whether TOD registration is appropriate for my tax or estate planning
purposes. I understand that registering a securities account in TOD form
is legal only in certain states, so it is important to consult my own legal
or tax advisor before establishing or revoking a TOD registration.
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