Your TCP is the same for all your accounts (except built-in organizational accounts), so if you deploy or update your TCP for one account, it applies to all your accounts (except built-in organizational accounts). You may change or remove your TCP at any time by contacting Schwab by telephone, in writing or via our website in the manner specified by us. If your account has multiple owners, each account holder has the option to choose their own TCP(s). In other words, if it`s a joint account, your TCP doesn`t necessarily apply to your joint account holder. A TCP is a source of information for Schwab, not a power of attorney. A TCP is not allowed to make investment decisions or withdraw money from your account. You and any agent or representative acting on your behalf agree that we may record telephone conversations or intercept conversations, but we are not required to make telephone calls or intercept conversations you have with a Schwab representative in order to monitor the quality of customer service you receive and to provide information about securities transactions for banks, mutual funds and other companies in connection with products or services, which we offer or organize on behalf of clients. or for other commercial reasons. You acknowledge that we may not be able to find a tape recording unless you can provide the date and time of the conversation and the full name of the representative you spoke to. You further agree that Schwab has the exclusive right to determine how long tape recordings are retained.
Access to electronic services may be limited or unavailable during periods of peak demand, market volatility, system upgrade or maintenance, or for other reasons. If at any time the Electronic Services are unavailable or delayed, you agree to use other means to place your orders, such as. B call a Schwab representative or visit one of our offices. Schwab will not be liable to you if you are unable to access your account information or request a transaction through the Electronic Services. (See Limitations of Liability, Section 5.) You may not use your account or any account-related services to process gaming transactions or perform any other activity that violates applicable law. If we are unsure of the legality of a transaction, we may refuse the transaction or freeze the amount in question during the investigation. You acknowledge that Schwab does not provide legal or tax advice. However, we can provide you with general information and principles regarding tax and estate planning. You agree that these principles do not apply to your particular situation and do not take into account your overall tax or estate planning situation.
For this type of assistance, you agree to consult your own tax or legal advisor. You can close your Schwab One account® at any time by notifying us and stopping writing cheques and using the Visa card®. We may, in our sole discretion, close your account at any time and for any reason or terminate all or part of the services provided under the Schwab One Account Agreement®. Closing an account or terminating services will not affect your obligations that arose prior to the closure or termination, including the obligation to pay visa transactions®, cheques or other fees. Card blocking/unlocking, bank and transaction notifications, and travel advice5 help you and us track your account. You authorize Schwab to make deposits, withdraw money, or purchase and redeem securities in accordance with the eligible cash functionality you have set or the cash functionality set for your account. The Services may require you to use a number or password to access your Schwab One account®. You are responsible for the confidentiality and use of your access number, password and account number, as well as all securities and other transactions carried out in this manner. Any order communicated to us in this way will be deemed to have been sent and authorized by you.
If there is a restriction on your account(s) with Schwab, your use of the trading features of the Electronic Services in connection with those accounts will be limited. In addition, Schwab reserves the right, in its sole discretion, to require a cash or stock deposit at any time and to determine the suitability of such deposit prior to the execution of any transaction via the Electronic Services. Schwab is not responsible for delays or failures in providing the Electronic Services, including the execution of a securities order, in the event that there is a restriction on your account, if you do not have sufficient funds in your account, or if you delay or fail to make a cash or capital requirement deposit. 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, under the terms of the margin agreement, you have carefully considered all of these factors and decided that margin financing is right for you. When you file a draft claim (an unsigned draft) into your account, you warrant that the draft has been approved by your payer. Arbitration – You agree that any controversy that may arise between you and third parties, information or research providers and their officers, directors, affiliates and employees will be resolved by arbitration in accordance with the terms of the arbitration agreement(s) entered into between you and Schwab at the time of opening your Schwab account(s). and as amended from time to time.
To open a Schwab One account®, complete an account application. If we approve your request and submit it to a credit check, we will open a Schwab One account® for you and act as a broker to buy and sell securities on your behalf and at your direction. If you transfer assets from another company, please note that we will not accept or comply with any verbal or written instructions from you to buy or sell securities until we have actually received your assets and completed the transfer process. You may only place orders for the transferred cash and/or securities after the transfer process has been completed and the assets have been received by Schwab. If you wish to transfer short positions from another company, we will try to lend you securities to cover your transaction with the other company. If we lend you securities, you may have to pay us a fee as long as you keep the position short. Fees are subject to change daily. If we are unable to receive shares that we can lend you, you are not allowed to transfer the short position to your Schwab account. Automatic reinvestment of your eligible cash distributions can provide you with partial share shares of securities, which we calculate to four decimal places. You are entitled to dividend payments in proportion to your partial shareholding. When an account is transferred, when a share is reorganized or when share certificates are ordered from an account, partial positions of shares that cannot be transferred or reorganized are liquidated at prevailing prices. Partial shares cannot be issued from an account in the form of certificates.
No commission is charged for these transactions. The time is at our discretion. You are also entitled to proxies and voting rights in respect of your sub-shares, except in the case of certain types of corporate restructuring. In the case of mandatory corporate reorganizations, your partial shares will be processed under the terms of the respective reorganization. In the event of a voluntary restructuring, the instructions you give us will only be applied to all your actions. Financial Information – Schwab`s electronic services provide certain data about financial markets, prices, news, research and opinions (including research reports as defined below) or other financial information (collectively, the “Information”) provided by certain financial market information services, financial publishers, various securities markets, including exchanges and their affiliates, investment bankers and other providers (collectively, “Information Provider”) or received from Schwab. .