sr. . ilea-,
For the Period 9/1/12 to 9/30/12
Client News
Please note that a change will be made to how interest is
calculated on uninvested cash balances and new cash
deposits in your Asset Account if they are transferred
automatically to the Deposit Sweep that Is described In
the Asset Account Agreement. Effective on or about
November 16th, the Deposit Sweep interest calculation
will be based on the daily balance method, as described
below.
The Combined Terms and Condition' have been
modified to reflect this change. Unless otherwise
indicated below, all other terms and conditions of the
various account agreements still apply. Please contact
your J.P. Morgan team if you have questions about this
change.
The Second Paragraph of Section 1 of the Asset
Account Agreement shall be replaced as follows:
Interest will be compounded. calculated daily using the
daily balance method, and credited to your Account on
the first day of the month. The daily balance method
applies the daily periodic rate to the principal in the
account each day. Interest will begin to accrue on the
first business day that hinds are swept into the Account.
Interest is computed on a 365-day basis. We pay interest
only in whole cents. Therefore, at the end of each
interest payment period, any fractional amount of interest
less then half of one cent will be rounded down and any
fractional amount of interest equal to hall of one cent or
more will be rounded up to the next whole cent.
Consolidated Statement Page 2
J.P. Morgan
Confidential Treatment Requested by JPMorgan JPM-SDNY-00036422
Chase
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