In accordance with regulations or the law, your account may not be allowed to invest in certain sweeping currency funds. In addition, Schwab reserves the right to charge additional service fees for securities for which Schwab is unable to identify a transfer agent (a “non-negotiable security”). The presence of a non-transferable security in your account may be indicated on account statements with an “N/A” mention for the value of this position. You acknowledge that you have a duty to immediately verify the accuracy and completeness of all account confirmations and statements and to notify us immediately of any items that you believe to be defective. You agree not to object to any trades, positions, money transfers, cheques, withdrawals, fees and other information that are indicated on the confirmations and account statements, unless you notify us in writing of an unauthorized transaction or other error within 10 days of sending. You agree that we are not responsible for any damages or market fluctuations resulting from an error that you do not report to us in time or your delay in notifying an error. It is your responsibility to choose (or change) the basic cost billing method appropriate to your tax situation. If you do not select (or change) your desired cost base billing method before the trade is cleared, you may have adverse tax effects. Schwab does not offer tax advice and recommends that you consult a tax advisor on basic cost decisions. More detailed information on the cost basis can be found in the cost-based publication statement on schwab.com. Schwab is under no obligation to inform you of upcoming expiration or collection dates or to take any other action on your behalf without specific instructions from you. However, if a voluntary capital measure ends, becomes worthless or is cashed for a value well below its fair value and you have not given instructions to Schwab, we may act on your behalf at our discretion and the proceeds are credited to your account. Schwab is not required to take any action on your behalf and you agree that Schwab shall not be liable for any losses related to the extinguishment of rights arising out of or in connection with your omission or giving instructions to Schwab to act on your behalf.
This Agreement and any future agreements you enter into with Schwab, unless otherwise specified in such other agreements, are subject to the laws (but not choice of law doctrines) of the State of California. Whether you are located in California or elsewhere or work with Schwab, except that the “Arbitration” section is subject to the Federal Arbitration Act. Scope of the Agreement – This Electronic Services Agreement (the “Agreement”) between you and Schwab sets forth the terms that govern your use of Schwab`s Electronic Services. It`s part of your brokerage contract. The term “we”, if used below, means Schwab. “Electronic services” means all computer, telephone, fax, e-mail or wireless services or systems of Schwab. These include services and information accessible through Schwab or service providers used by Schwab, including, but not limited to: Note: This section does not apply to tax-eligible accounts subject to the prohibited transaction rules of the Internal Income Code or ERISA, or to debts arising therefrom. . . .