Correspondent Notices

Transcription

1 Correspondent Notices June 25, 2012 June 29, 2012 Inside this Issue: Click the notice title to jump directly to that notice. July 4th 2012 Observed Holiday and Early Market Close Alert... 2 NEW Update about Updated Cashiering Forms... 3 Important Notification: Account Change of Clearing Firm... 4 FINRA Rule 4311 Summary Report... 5 Holiday Notice CORRESPONDENT NOTICE COLOR LEGEND Report Notice Daily Operations Notice Statement Stuffer Product Notice Service Charge (Fee) Maintenance Notice Compliance Notice

2 Apex Clearing Corporation Member FINRA, NYSE and SIPC 1700 Pacific Avenue, Ste Dallas, Texas Holiday Notice June 29, 2012 July 4th 2012 Observed Holiday and Early Market Close Alert The offices of Apex Clearing Corporation (Apex) will be closed Wednesday, July 4, 2012 in observance of the U.S. federal holiday Independence Day. Banks, the Federal Reserve, the postal service, and government offices will also be closed. Apex will be unable to process ACH transactions, wires, or checks via the postal service. Additionally, because we are closed, Apex will not be able to accommodate any movements between money funds (no same day purchases or redemptions), including FDIC. ALERT: Market Early Close TUESDAY, July 3, As a result of early closure of U.S. markets on Tuesday, July 3, 2012, cut-off times for banking transactions have been adjusted: All same-day money market and FDIC redemption and purchase requests must be submitted no later than 10:15 AM CST on Tuesday, July 3, All check, wire, and ACH requests must be submitted for approval no later than 11:30 AM CST on Tuesday, July 3, 2012 Please contact the Banking Department at or banking@penson.com with any questions. Thank you, Apex Clearing Corporation Apex Clearing Corporation Page 2

3 Apex Clearing Corporation Member FINRA, NYSE and SIPC 1700 Pacific Avenue, Ste Dallas, Texas Daily Operations Notice June 29, 2012 NEW Update about Updated Cashiering Forms Apex Clearing Corporation (Apex) has an important update regarding our recently updated cashiering forms on Forms on-demand. As a reference, please refer to our recent bulletin dated June 15, 2012: Updated Cashiering Forms. NEW amended date alert: Apex has extended the deadline date to July 9, 2012 as the effective date that all requests must be submitted on the updated Apex form. The following forms have been updated with the new Apex formatting 1 : Domestic Wire Form International Wire Form Check Request Form DTC/Free Delivery Form Cash or Securities Transfer/Journal Form Any request that is not on the correct Apex form as of July 9, 2012 will be rejected. Please contact your Relationship Manager or Correspondent Support at cs@penson.com if you have any questions. Thank you, Apex Clearing Corporation 1 Please note: It is no longer necessary to use a 3 rd Party Form for 3 rd party requests. The required sign-off information is included on the newly updated Apex forms. Apex Clearing Corporation Page 3

4 Apex Clearing Corporation Member FINRA, NYSE and SIPC 1700 Pacific Avenue, Ste Dallas, Texas June 2012 Statement Notice June 29, 2012 Important Notification: Account Change of Clearing Firm Apex Clearing Corporation (Apex) has an important alert regarding June 2012 statements. The following message will appear on June 2012 statements. It informs clients that their account has recently undergone a change in clearing firm. The message is as follows: Effective as of the close of business on June 5, 2012, the clearing firm for your account changed from Penson Financial Services, Inc. ( Penson ) to Apex Clearing Corporation ( Apex Clearing ). A notification of this change was sent to you with your May 2012 account statement. The transactions in your account that settled from June 1, 2012 through June 5, 2012 were cleared through Penson and the transactions that settled from June 6, 2012 through June 30, 2012 were cleared through Apex Clearing. All transactions from June 6, 2012 forward will be cleared and settled through Apex Clearing. If you have any questions, please contact your introducing firm, investment representative, or Apex Clearing at (888) If you have any questions about your June 2012 statements, or this bulletin, please contact your Relationship Manager or statements@penson.com. Thank you, Apex Clearing Corporation Apex Clearing Corporation Page 4

5 Apex Clearing Corporation Member FINRA, NYSE and SIPC 1700 Pacific Avenue, Ste Dallas, Texas Compliance Notice June 29, 2012 Notification to All Correspondents, Chief Executive and Compliance Officers Regarding the FINRA Rule 4311 Summary Report As you may be aware, FINRA Rule 4311 requires Apex Clearing Corporation (Apex) to annually, by July 1st, notify our introducing broker-dealers of the exception reports that we currently offer for compliance and supervisory responsibilities. The attached list represents those reports that Apex offers in order to assist you in supervising activities, monitoring accounts, and carrying out your functions and responsibilities under your clearing agreement. Please note the list includes, but is not limited to, reports for general compliance, AML, and INSITE. We urge you to review these documents to make sure that you are receiving all the necessary reports. Additionally, the available reports are part of the individual broker-dealers Books and Records Retention requirements, and accordingly, should be maintained by the introducing firm for a minimum of 18 months. If you are not receiving a particular report and would like to receive it, CS@penson.com for assistance in getting set up to receive the report. Please be advised that, as required pursuant to FINRA Rule 4311, a copy of these lists will also be provided to your Designated Examining Authority. A list of those reports you are currently receiving will also be forwarded to their attention. Thank you, Apex Clearing Corporation Apex Clearing Corporation Page 5

6 Annual 4311 Notification Reports Summary 2012 Annual 4311 Notification... 6 Reports Summary Apex Reports (Coldweb Users)... 6 Apex Reports (ereports Users) Apex Reports (Coldweb Users) The information contained herein is obtained from sources believed to be reliable but is not guaranteed as to its accuracy or completeness. These Reports could include technical or other inaccuracies, errors, or omissions. In no event shall Apex or any of its affiliates be liable to you or any third party for the accuracy, timeliness, or completeness of any information available on these Reports or for any decision made or action taken by you in reliance upon such information. Likewise, Apex and its affiliated entities shall not be liable for any investment decisions or other actions taken by you based upon the information provided on these Reports. All information provided on these Reports is provided as is without warranty of any kind, either express or implied, including, but not limited to, the implied warranties of merchantability, fitness of a particular purpose or non-infringement. In no event shall Apex or any of its affiliated entities be liable for any special incidental, indirect or consequential damages whatsoever, including, without limitation, those resulting from loss of use, data or profits, whether or not advised of the possibility of damage, and on any theory of liability, arising out of or in connection with the use of these Reports or with the delay or inability to use these Reports. Category Report name Description ACAT (Daily account transfer activity reports) ACAT ACATS_NOTIFICATION_LETTERS Lists Incoming and Outgoing ACAT transfers that are pending and settling. AML (Daily money movement reports, show deposits, journals, checks and wires) AML DAILY_CASH_DEPOSIT_RPT List of cash deposit from previous day. AML DAILY_WIRE_TRANSACTION_DETAIL Lists wires from the AML FOREIGN_BANK_RPT Foreign Bank Report AML MONTHLY_OUTSTANDING_CHKS_OVER_180_DAYS Outstanding checks over 180 days. AML MONTHLY_OUTSTANDING_CHKS_OVER_90_DAYS Outstanding checks over 90 days. AML NON_REQUIRED_DEPOSITS_REPORT Lists non-required deposits from AOM (Provides daily order activity for AOM and other Ridge Clearing order entry systems) AOM BAST_REPORT AOM Order Activity Report AOM COMPRESSED_TRADE_DETAIL Compressed trade detail as of Apex Clearing Corporation Page 6

7 CAMS (Cash Account Management System. Provides a list of all exceptions within an account) CAMS CAMS_EXCEPTIONS Cash Account Management System. Identifies transactions in accounts that may require attention to be taken. Commissions (Daily and Monthly commission and gross credit tracking reports by branch and RR) Commissions COMMISSION_DETAIL Listing of transactions from the Sorted by registered rep and account number. Commissions COMMISSION_SUMMARY Summary of commissions by registered rep. Includes month to date and year to date numbers. Commissions MONTHLY_COMMISSION_SUMMARY Monthly Commission Summary Compliance (Contains reports to assist the Compliance Department in review firm activity.) Compliance LIQUIDATING_EQUITY_RPT Equity Liquidation report. Compliance MONTHLY_ACCOUNT_SURVEILLANCE Monthly Account Surveillance Compliance REPORT_GENERATION_SURVEILLANCE_RPT Daily General Surveillance Report Compliance SECURITIES_HELD_UNENDORSED Certificates missing signature/endorsements. Confirmations (Daily report of the prior day's confirmations) Confirmations PAPER_STATEMENT_FEE_DETAIL_REPORT Paper Statements Fees Credit Exposure (Highlights accounts with large positions, which if devalued could create financial exposure) Credit Exposure Fail Reports CREDIT_EXPOSURE (Tracks trades that have been not affirmed, DK'd, or dropped which creates exposure to the firm) Accounts with large positions which if devalued could create financial exposure. Legal Transfer LEGAL_BOX_BY_ADP_AND_ACCOUNT Legal Transfer Safekeeping items. Margin (Daily Margin Activity reports for various call and account management) Margin MARGIN_ACTIVITY Margin activity. Margin MARGIN_NO_PAPERS Lists accounts with margin activity and no margin documentation on file. Margin MARGIN_NOTICES Margin Notices Margin SMALL_DEBITS Accounts with small debits Margin UNSECURED_ACCOUNTS Displays accounts that contain an unsecured debit balance. Margin DAYTRADE_CALL_REPORT Lists Daytrade Calls Mutual Funds TRANSACTION_AUDIT_REPORT Daily Audit report of transactions. New Accounts (Reports to help manage new accounts, changes on accounts, accounts missing paperwork, & foreign/non-certified accounts) New Accounts BRANCH_MONEYLINE Money Balances Report Apex Clearing Corporation Page 7

8 New Accounts IRS1099R_CORRECTIONS Corrected 1099Rs New Accounts IRS5498_ORIGINALS 5498 Originals New Accounts ITEMS_REQUIRING_ATTN Items requiring attention. New Accounts RESTRICTED_ACTIVE_ACCOUNTS Open accounts under Restriction New Accounts RR_MONEYLINE Daily money line balance for all accounts. New Accounts TEFRA_SURVEILLANCE Tracks TEFRA withholding. Report indicates how many days remaining before withholding is taken from account. New Accounts VER130Q_NA_CHANGES Name and address change report. New Accounts W-8_NOT_ON_FILE_ACCT_ACTIVE W-8 Not on file Account Active New Accounts W-8_NOT_ON_FILE_ACCT_INACTIVE W-8 Not on file Account Inactive New Accounts W-8_ON_FILE_ACCT_ACTIVE W-8 on file Account Active New Accounts W-8_ON_FILE_ACCT_INACTIVE W-8 on file Account Inactive New Accounts ACH_PENDING_DISTRIBUTIONS Pending ACH New Accounts MRD_EXCEPTION_REPORT IRA Minimum Required Distribution report New Accounts PROSPECTUS_PLUS_RPT_CODES Prospectus Mailing by Account. New Accounts PERIODIC_PAYMENT_REPORTS Bank Activity New Accounts Name and address exception NAME_AND_ADDRESS_EXCEPTION_RPT report New Accounts ANNUITY_POSITION_PROCESSING_RPT Annuity report Options (Daily Reports monitoring positions, assignments, & expirations of Options) Options COMBINED_OPT_COMPLIANCE Option Compliance Report Options DAILY_OPTION_REPORTS Daily reports that monitor positions, assignments, and expiration of options. Options NAKED_OPTIONS Displays accounts that have sold an option position and does not own the underlying security. Options OPTION_LINK Daily Option Link by Account. Options SHORT_OPT_LIQUIDATING_EQUITY_RPT Daily list of short option positions. Registrations (Blue Sky Reports - Exception reports for registration management and trading violations) Registrations BLUE_SKY_STATE_RRS_REG Blue Sky State RR Registrations Registrations Lists all brokers within a selected BLUE_SKY_RR_REG_WITHIN_STATE state Registrations BLUE_SKY_RR_STATE_EXCEPTIONS Lists trades executed by brokers who are not registered in the customer's state of residence Reorg (Displays future dividends and interest payments, and corporate actions. Track responses for Reorg items in accounts) Reorg BRANCH_REORG_ACTIVITY_RPT Reorg activity report Reorg REORG_CASH_CREDITS Cash credit due to Reorg. Tax Lot Engine (TLE) (Contains reports from Ridge Clearing's TLE system for users to audit missing cost basis) TLE TLE_REPORTS Tax Lot Reports Apex Clearing Corporation Page 8

9 Trading (Daily reports that summarize trading activity, inventory, breaks, and P&L) Trading DAILY_INVENTORY_REPORT Summary of inventory as of Trading IB_OATS_REPORT Shows orders that are required to be reported to OATS (Order Audit Trail System). Types of order events include receipt, routing, modification, and cancellation. Trading TRACE_RTTM_STREETSIDE_TRANS_RPT Provides cumulative detail of transactions submitted to RTTM for the entire day Apex Clearing Corporation Page 9

10 Apex Reports (ereports Users) The information contained herein is obtained from sources believed to be reliable but is not guaranteed as to its accuracy or completeness. These Reports could include technical or other inaccuracies, errors, or omissions. In no event shall Apex or any of its affiliates be liable to you or any third party for the accuracy, timeliness, or completeness of any information available on these Reports or for any decision made or action taken by you in reliance upon such information. Likewise, Apex and its affiliated entities shall not be liable for any investment decisions or other actions taken by you based upon the information provided on these Reports. All information provided on these Reports is provided as is without warranty of any kind, either express or implied, including, but not limited to, the implied warranties of merchantability, fitness of a particular purpose or non-infringement. In no event shall Apex or any of its affiliated entities be liable for any special incidental, indirect or consequential damages whatsoever, including, without limitation, those resulting from loss of use, data or profits, whether or not advised of the possibility of damage, and on any theory of liability, arising out of or in connection with the use of these Reports or with the delay or inability to use these Reports. Category Report Name Description ACAT (Daily account transfer activity reports) ACAT ACATS - Incoming Lists Incoming ACAT transfers that are pending and settling. ACAT ACATS - Outgoing Lists Outgoing ACAT transfers that are pending and settling. ACAT Lists Non Transferable securities Non Transferable Securities by RR by RR. Account Status (Daily margin slates. Show all activity for the day and all updated position and balance information) Account Status Account Status Provides a snapshot of client's account. Includes money line detail and current positions. AML (Daily money movement reports, show deposits, journals, checks and wires) AML Anti-Money Laundering Report Travel Rule Report AML Bank Reconciliation Report Lists checks and wires deposits from the AML Cash Listing Provides a list of non-trade related activity. Also known as Bookkeeping Journal Report. AML Daily Cash Activity List of cash deposit from AML Money Movement Monthly report that displays movement of money from previous month. AML Non Required Deposits Lists non-required deposits from AML Outstanding Checks List of outstanding checks Apex Clearing Corporation Page 10

11 AOM (Provides daily order activity for AOM and other ADP Clearing order entry systems) AOM AOM - Order Activity Report Previous day order activity. AOM AOM Reports 250 Acts Previous day order activity. AOM Audit Trail (OATS) Shows orders that are required to be reported to OATS (Order Audit Trail System). Types of order events include receipt, routing, modification, and cancellation. AOM Compressed Trade Detail Report Compressed trade detail as of AOM Order File Activity - DNS Daily report of open, modified, and cancelled orders. AOM OATS Report Shows those order events that are required to be reported to the NASDR s Order Audit Trail System (OATS). Each entry on the report is a timed, sequenced event in the life cycle of an order. Types of order events include receipt, routing, modification, and cancellation. CAMS (Cash Account Management System. Provides a list of all exceptions within an account) CAMS CAMS Cash Account Management System. Identifies transactions in accounts that may require attention to be taken. Commissions (Daily and Monthly commission and gross credit tracking reports by branch and RR) Commissions Commission Over 5% Provides a list of trades where the commission amount is greater than 5% of the principal. Commissions Daily Commission Detail Listing of transactions from the Sorted by registered rep and account number. Commissions Daily Commission Summary Summary of commissions by registered rep. Includes month to date and year to date numbers. Commissions Daily Commission Summary By Office Included in Daily Commission Detail. Not a separate report. Commissions Daily Commission Summary By Rep Included in Daily Commission Detail. Not a separate report. Commissions Monthly Commission Summary Detailed listing of all transactions for the previous month showing commission revenue generated. Apex Clearing Corporation Page 11

12 Compliance (Shows the current status of customer accounts whose recent and historical transactions exceed client-defined parameters for unusual activity. Also includes margin exception reporting and stock loan reporting) Compliance Accounts for Monthly Review Summary of past 12-month activity sorted by rep and account number. Compliance Active Accounts Exception Lists all accounts with 15 or more trades per month, and/or $2,500 in commissions per month, and/or $6,000 in commissions in 3 months. Includes activity for previous 12 months. Compliance Compliance Monitoring Report Provides snapshot of customer account for Compliance review. Compliance Daily General Trade Displays customer account transactions by account number. Compliance Margin Exception Lists margin accounts that have exceptions due to changes in balances, debits, SMA, and calls. Compliance No Margin Paper Exceptions Lists accounts with margin activity and no margin documentation on file. Confirmations (Daily report of the prior day's confirmations) Confirmations Confirmations (Firm) Copies of daily trade confirmations for proprietary trades. Confirmations Confirmations (Retail) Copies of daily trade confirmations for customer trades. Credit Exposure (Highlights accounts with large positions, which if devalued could create financial exposure) Credit Exposure Concentration Report Lists accounts that have positions greater than 3 % of all outstanding shares. Lists positions where firm holds a position greater than 7% of all outstanding shares. Credit Exposure Credit Exposure Lists margin accounts that have a deficit if a specific security is priced at zero. Credit Exposure Credit-Debit Balance Report List of retail accounts with debits over $200,000 and credits over $100,000. Fail Reports (Tracks trades that have been not affirmed, DK'd, or dropped which creates exposure to the firm) Fail Reports Open Items Exposure (Non-Affirmed) Lists RVP/DVP trades that have not been affirmed on trade date plus one (T+1) with positive or negative monetary exposure. Apex Clearing Corporation Page 12

13 Fail Reports Open Items Exposure By Sales Rep Same as Open Items Exposure Report. Fail Reports Open Items Exposure Current Date Same as Open Items Exposure Report. Fail Reports Open Items Exposure Past Settlement Same as Open Items Exposure Report. Fail Reports Open Items Exposure Report Displays unsettled RVP/DVP trades in settlement date order. Fail Reports Open Items Exposure Settle Date -1 Same as Open Items Exposure Report. Fail Reports Open Items Exposure Settle Date -2 Same as Open Items Exposure Report. Fail Reports Post-Settlement Fail Report Lists fails for DVP accounts that have gone beyond settlement date. Fail Reports Pre-Settlement Fail Open Item Report Lists all trades prior to settlement for DVP accounts. Fail Reports Reclaims Report Lists all DVP trades that were reclaimed and did not settle. Fail Reports Street Side Fail Strat Lists all fixed income trades that have failed to be delivered or received. Fixed Income (Contains reports useful for fixed income trading.) Fixed Income Bonds Maturing Fixed Income Settlement Date Blotter FI (QA Only) Settlement Date Detail Report. Details all trading activity on a settlement date basis. ICM (Institutional Commission Management System) ICM ICM - Commission By Stock Tracks RVP/DVP Client Commissions by Manager Code DTD, MTD, & YTD. Sorted by security. ICM ICM - Commission Summary By Acct (QA Only) Sorted by Account ICM ICM - Commission Summary By Rep (QA Only) Sorted by Registered Rep ICM ICM - Commission Summary MTD Sorted by MTD Commissions ICM ICM - Commission Summary Synd Sorted by MTD Commissions and includes Syndicate data. ICM ICM - Commission Summary YTD Sorted by YTD ICM ICM - Mgr Code Commission Detail Tracks RVP/DVP Client Commissions by Manager Code DTD, MTD, & YTD. Apex Clearing Corporation Page 13

14 ICM ICM - MTD Commissions Tracks RVP/DVP Client Commissions by Manager Code DTD, MTD, & YTD. ICM ICM - MTD Commissions by Manager Sorted by Manager ICM ICM - MTD Commissions Manual Includes manually entered commissions. ICM ICM - MTD Commissions Manual-Manager Sorted by Manager and includes manually entered commissions ICM ICM - New Accounts/Manager Exception Displays commissions for accounts not included in the system. INSITE (Daily trade data and account information required by and submitted to the NASD ) INSITE INSITE - Cancel Report INSITE - Cancel Report INSITE INSITE - Margin Detail INSITE - Margin Detail INSITE INSITE - Margin Summary INSITE - Margin Summary INSITE INSITE - Trade Detail INSITE - Trade Detail INSITE INSITE - Trade Summary INSITE - Trade Summary Margin (Daily Margin Activity reports for various call and account management) Margin Cash Liquidation Final Daily report that shows cash liquidation at close of market. Margin Cash Liquidation Market Daily report that shows cash liquidation pre-market. Margin Customer Payment Approved Bank Activity Margin Customer Payment Rejected Bank Activity Margin Daytrade Call Report Lists Daytrade Calls Margin Margin Call 2 PM Displays accounts with a margin call as of 2PM ET. Margin Margin Call 11AM Displays accounts with a margin call as of 11AM ET. Margin Margin Call Final Displays accounts that contain a margin call at close of market. Margin Margin Call Market Displays accounts with a margin call pre-market. Margin Unsecured Accounts Displays accounts that contain an unsecured debit balance. Moneyline (Contains all major information related to an account such as balances, TMV, T/E, SMA, calls, etc.) Moneyline Moneyline Daily money line balance for all accounts. New Accounts (Reports to help manage new accounts, changes on accounts, accounts missing paperwork, & foreign/non-certified accounts) New Accounts Items Requiring Attention Lists accounts that are missing documents and paperwork. New Accounts Name and Address Additions List of new accounts opened the Apex Clearing Corporation Page 14

15 New Accounts Name and Address Change Report List of accounts where name or address was changed the New Accounts Name and Address Change Verification Notices List of accounts that were sent a name and address verification letter. New Accounts Prospectus Delivery Report Prospectus Mailing by Account. New Accounts Restricted Active Accounts List of open/active accounts that are restricted. New Accounts List of accounts that received a B-Notice Special TIN Penalty Report New Accounts TEFRA Surveillance Report Tracks TEFRA withholding. Report indicates how many days remaining before withholding is taken from account. New Accounts Uncertified Accounts Weekly report of accounts that are missing required tax documents. New Accounts W8 Not on File Active List of active accounts with no W8 on file statement in last 12 months New Accounts W8 on File Active List of active accounts with W8 on file statement in last 12 months New Accounts W8 on File Inactive List of inactive accounts with W8 on file no statement in last 12 months New Accounts Options W8 Not on File Inactive (Daily Reports monitoring positions, assignments, & expirations of Options) List of inactive accounts with no W8 on file no statement in last 12 months Options Long Option Position Displays long options positions by account. Options Naked Option Displays accounts that have sold an option position and does not own the underlying security. Options Option Assignments by Branch Displays out of money options expiring this month by Branch. Options Option Assignments by Rep Displays out of money options expiring this month by Rep. Options Option Compliance Displays accounts that have traded options without having the required paperwork on file. Options Option Expiration by RR Option expiration report by Rep. Options Option Expiration by Security Option expiration report by Security. Options List of options 99 contracts or Option Limit Report greater Apex Clearing Corporation Page 15

16 Options Short Option Position Daily list of short option positions. REGS (Blue Sky Reports - Exception reports for registration management and trading violations) REGS B-SKY - RR Account Details By State (QTR) Weekly Report of RR Account details by state. REGS B-SKY - State Registrations By RR (Weekly) Weekly report of Rep State registrations. REGS B-SKY - Violation Report Provides detail of trade executed by Rep not registered to do business in that state. Reorg (Displays future dividends and interest payments, and corporate actions. Track responses for Reorg items in accounts) Reorg Forecast Report Displays upcoming dividend payments, reorg items, and bond maturities. Reorg REOR Client Response Displays client response for reorg items. Reorg REOR Offers With No Response Displays reorg items with no response. Stock Record (Daily holdings of accounts) Stock Record Assets Under Management Displays assets under management by branch and rep. Stock Record Stock Record Weekly report that displays settlement date stock record positions as of the report date. Stock Record Unpriced Securities Displays securities that do not contain a price. Trading (Daily reports that summarize proprietary trading activity, inventory, breaks, and P&L) Trading Compressed trade detail as of Trade Compression Detail Trading Avg Price/Exec Acct Balancing Report Daily price averaging report by account and security. Trading Trade Exception Provides trade details of cancels, corrections, and as of trades. Also includes trades that do not settle within the regular 3-day settlement. Trading Option 8 Daily Inventory Report (T/D) This report is designed to control inventories and profits the day after the trades are processed. The report provides active trade date positions and balances. Trading Option 8 Daily Inventory Long Report (T/D) Shows every security trades in the year in the same format as the Daily Inventory Report. Apex Clearing Corporation Page 16

17 Trading Option 8 Firm Trading Report (S/D) This report displays information for every security having trade date and/or settlement date activity as well as bookkeeping transactions. Security totals are by settlement date. Trading Option 8 Trading Option 8 Firm Trading P&L Report (T/D) The Firm Trading Summary report provides updates for all securities having a settlement date position and/or balance. Firm Trading Summary Report (S/D) Vault Operations (Reports on physical security processing) Vault Operations SPS - Completed Items This report lists all items that were completed as all of the required documentation was received by Ridge Clearing Vault Operations SPS - Delivery Items This report lists all items that were returned to the customer either because they were requested or became aged, these items previously appeared on the Immediate Attention Items report. Vault Operations SPS - Immediate Attention Items This report list open items that will be mailed back to the client within the next five days. Vault Operations SPS - Outstanding Items This report will list all items that require paperwork to complete the deposit process. Apex Clearing Corporation Page 17