TREASURY SERVICES. Account Analysis Statement Guide

Transcription

1 TREASURY SERVICES Account Analysis Statement Guide

2 Account Analysis Statement Guide This guide is intended to provide information to help you understand each section of your Account Analysis statement(s). All balance terms, column headings and summary line items are defined in detail with clear cross references. Information about Statements Each month, you will receive a detailed Account Analysis statement for your account. If you have multiple accounts, you will receive a summary Account Analysis statement for your entire billing relationship in addition to a detailed Account Analysis statement for each individual account. Your Account Analysis statement contains the following sections: Balance and Compensation Analysis A concise summary of your average monthly balances, service charges, and earnings allowance. It provides a step-by-step review of how your excess/(deficit) investable balance and earnings allowance were calculated. Activity Summary A review of all services used during the month and the resulting service charge and balance equivalent. Services are grouped by product family, and display both the bank's service code and the equivalent Association for Financial Professionals (AFP) service code. Relationship Balance Compensation History A current month and calendar year-to-date snapshot of each month s average balances, earnings allowance, service charges, and excess/ (deficit) earnings allowance. Adjustment Pages Provide summary and detailed information related to your historical adjustments and financial impacts to your bill. Account Analysis Definitions and Formulas

3 Balance and Compensation Analysis Summarizes your average monthly balances, service charges, and earnings allowance. It provides a step-by-step review of how your excess/(deficit) investable balance and excess/ (deficit) earnings allowance were calculated for the period. 6 Page Numbers: Page numbers in the upper right hand corner reflect the number of pages within each section. Page numbering at the bottom of the page provides consecutive numbering for the entire Account Analysis relationship. Account Number/Group Account Number: The demand deposit account (DDA) number for this statement. For groups, the account number designated to represent a group of accounts in a relationship. Contact: Your JPMorgan Chase relationship manager or the department managing your relationship. Earnings Allowance Rate: The rate used to value your average investable balance. JPMorgan Chase assigns this rate at our manage ment s discretion. Note: Rate will display on each deposit account. Multiplier: The balance required to offset one dollar of balance compensable service charges at the prevailing Earnings Allowance Rate. [($.00 x No. of Days in Year)/(Earnings Allowance Rate x No. of Days in Month)] Note: Multiplier will display on each deposit account. AFP Code: The six-character alphanumeric codes developed by AFP to standardize the reporting of account analysis data. Average Net Ledger Balance: The sum of the daily ending ledger balances (positive and negative) divided by the number of days in the analysis period. 8 Less Average Float Balance: The difference between the Average Net Ledger Balance and the Average Net Collected Balance. [Average Net Ledger Balance Average Net Collected Balance] Excess/(Deficit) Investable Balance: The excess or deficit in balances remaining after the balances required to offset the current analysis period s balance compensable service charges have been deducted. 9 0 Average Net Collected Balance: The average net ledger balance minus the average float balance. [Average Net Ledger Balance Average Float Balance] Average Negative Collected Balance: The sum of the daily ending negative collected balances divided by the number of days in the analysis period. [Average Net Collected Balance Average Positive Collected Balance] Average Positive Collected Balance: The sum of the daily positive collected balances for the month, divided by the number of days in the analysis period. [Average Net Collected Balance + Average Negative Collected Balance] Less DDA Balance Reserve Requirement: That portion of the DDA balance that must be set aside by the bank to meet reserve requirements. Investable Balance: The balance on which the earnings allowance rate is applied. [Average Positive Collected Balance DDA Balance Reserve Requirement, if applicable] Balance Equivalent Total Service Charges: The balance required to offset the current analysis period s balance compensable service charges. [Balance Compensable Service Charges x Multiplier] [Investable Balance Balance Equivalent of Total Service Charges] Earnings Allowance: The value of balances maintained during the analysis period, which can be used to offset balance compensable service charges. [Investable Balance x Earnings Allowance Rate x (Days in Mo./Days in Yr.)] Balance Compensable Service Charges: The total dollar amount of service charges that can be offset by the earnings allowance. Excess/(Deficit) Earnings Allowance: The difference between the earnings allowance and the balance compensable service charges. [Earnings Allowance Balance Compensable Service Charges] Service Charge Amount: Net charge (total service charge after offset of earnings allowance), which will be debited from the DDA you have specified (or invoiced, if applicable). Accounts Included in Summary: This section displays all account numbers and account titles that are included in the analysis summary.

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5 Activity Summary Provides a review of all services used during the month, product volumes, the resulting service charge, and balance equivalent. Services are grouped by product family, and we display both the JPMorgan Chase service code and the equivalent Association for Financial Professionals (AFP*) service code. Product Line and Description: This column lists all services used during the month. Services are grouped by product family. Subtotals are provided for service charges and balance equivalents for each product family grouping. Bank Service Code: This column displays the JPMorgan Chase service code that corresponds to the AFP service code. AFP Service Code: This column displays the six-character alphanumeric code developed by AFP to standardize the reporting of account analysis data. Unit Price ($): This column displays the per-unit price for each service used. If accounts within an analysis relationship have different pricing for the same service, this column lists the price for each service provided. Volume: This column displays total volumes for each service used. If a service is fee-based, those volumes will also be included in this column. 6 Service Charge ($): This column displays the total charge for each service. If a service is fee-based, the charges will also display in this column. 0 Balance Equivalent ($): This column displays the balance required to offset the current analysis period s balance compensable service charges. Fee-based charges are not included in the balance equivalent calculation. [Balance Compensable Service Charges x Multiplier] 8 Fee-Based Charges ($): This column displays service charges that cannot be offset by the Earnings Allowance. At the group level, the charges will be summarized. 9 Subtotal: This figure represents the subtotals for service charges and balance equivalents for each product family grouping. Total Charge for Services: This figure represents the total of all your service charges for the month, including fee-based charges. Total Fee-Based Charges: This figure represents the total of all fee-based service charges. Balance Compensable Service Charges: This figure represents the total dollar amount of service charges that can be offset by the earnings allowance. Balance Equivalent Total Service Charges: This figure represents the sum of all balances required to offset the current analysis period s balance compensable service charges.

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7 Relationship Balance Compensation History Summarizes current-month and calendar-year-to-date snapshots of each month s average balances, earnings allowance, service charges, and excess (deficit) earnings allowance. Average Net Ledger Balance: This column displays each month s average net ledger balance. Average Net Collected Balance: This column displays each month s average net collected balance, which is the average net ledger balance minus the average float balance. Investable Balance: This column displays each month s investable balance on which the earnings allowance rate is applied. Balance Equivalent Total Service Charges: This column displays the balance required to offset the balance compensable service charges. 6 8 Excess/(Deficit) Investable Balance: This column displays each month s excess/(deficit) after the balances required to offset the balance compensable service charges have been deducted. Earnings Allowance Rate: This column displays each month s earnings allowance rate used for calculating each month s earnings allowance. Earnings Allowance: This column displays the value of balances maintained during the analysis period to offset balance-compensable service charges. Balance Compensable Service Charges: This column displays each month s service charges that can be offset by the earnings allowance for the month. 9 0 Excess/(Deficit) Earnings Allowance: This column displays the difference between the earnings allowance and balance compensable service charges for each month. YTD Average: This section displays the year-to-date average values for the average net ledger balance, average net collected balance, investable balance, and balance equivalent-total service charges. YTD Net: This section displays the year-to-date net values for the excess/ (deficit) investable balance, earnings allowance, balance compensable service charges, and excess/(deficit) earnings allowance. 6

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9 Adjustment Pages Includes summary and detail adjustment sections for Financial Recap, Historical Adjustment Summary, Balance Adjustment Detail, Volume/Pricing Adjustment Detail, Rate Adjustment Detail and Payment Method Adjustment Detail. FINANCIAL RECAP SECTION Page Numbers: Page numbers in the upper right hand corner reflect the total number of pages within each section. Page numbering at the bottom of the page provides consecutive numbering for the entire Account Analysis relationship. Deposit/Group Account Number: The demand deposit account (DDA) for this statement. For groups, this is the account designated to represent a group of accounts in a relationship. 6 Contact: Your JPMorgan Chase relationship manager or the department managing your relationship. Billing Account: The DDA account number that is assessed with the net service charge amount. Cycle Date: The month and year of the adjusted historical period. Settlement Date Old/New: The date the service charges are due. This will not reflect changes unless we have adjusted the settlement frequency. 8 9 Previous Service Charge: The service charge last assessed. Adjusted Service Charge: The service charge after the adjustment is applied. Service Charge Adjustment Amount: The difference between the previous and adjusted service charge. 8

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11 Adjustment Pages (continued) HISTORICAL ADJUSTMENT SUMMARY SECTION Page Numbers: Page numbers in the upper right hand corner reflect the total number of pages within each section. Page numbering at the bottom of the page provides consecutive numbering for the entire Account Analysis relationship. Deposit/Group Account Number: The demand deposit account (DDA) for this statement. For groups, this is the account designated to represent a group of accounts in a relationship. Contact: Your JPMorgan Chase relationship manager or the department managing your relationship. Historical Adjustment Detail: Please refer to page for descriptions of each field. This section will show your previous balance information as well as your adjusted balance information which is after all adjustments were processed for this cycle. 0

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13 Adjustment Pages (continued) BALANCE ADJUSTMENT DETAIL SECTION Page Numbers: Page numbers in the upper right hand corner reflect the total number of pages within each section. Page numbering at the bottom of the page provides consecutive numbering for the entire Account Analysis relationship. 6 Account Number: The DDA to which a balance adjustment has been applied. Date Posted: The date the balance adjustment was processed. Start Date: The first date during 0 the month reported that the balance adjustment is effective. Deposit/Group Account Number: The demand deposit account (DDA) for this statement. For groups, this is the account designated to represent a group of accounts in a relationship. Contact: Your JPMorgan Chase relationship manager or the department managing your relationship. Adjusted Cycle Date: The month and year of the adjusted historical period. 8 9 End Date: The last date during the month reported that the balance adjustment is effective. AFP Code/Balance Type: Codes developed by the Association for Financial Professionals to standardize the reporting of account analysis data. The type of balance being adjusted ledger or collected. Balance Adjustment Amount: The dollar amount of the balance adjustment. Impact to Average Monthly Balance: The balance adjustment amount multiplied times the number of effective days then divided by the total number of days in the period. Impact to Earnings Allowance: The amount that is added or subtracted from the Earnings Allowance as a result of this balance adjustment. Impact to Excess/(Deficit): The amount that is added or subtracted from the Net Charge/Credit for services as a result of this balance adjustment. This amount does not reflect a reserve requirement.

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15 Adjustment Pages (continued) VOLUME/PRICING ADJUSTMENT DETAIL SECTION Page Numbers: Page numbers in the upper right hand corner reflect the total number of pages within each section. Page numbering at the bottom of the page provides consecutive numbering for the entire Account Analysis relationship. 6 Account Number: The DDA to which a volume/pricing adjustment has been applied. Product Line/Origin Code: The product family with origin code, as applicable. 0 Original/Adjusted Unit Price: Displays the prior price per unit and the adjusted price per unit. Original/Adjusted Volume: Displays the prior volume and the adjusted volume. Deposit/Group Account Number: The demand deposit account (DDA) for this statement. For groups, this is the account designated to represent a group of accounts in a relationship. Contact: Your JPMorgan Chase relationship manager or the department managing your relationship. Adjusted Cycle Date: The month and year of the adjusted historical period. 8 9 Service Description: Description of the bank service code. Bank Service Code: The JPMorgan Chase service code that corresponds to the AFP service code. AFP Service Code: The six character alpha-numeric code developed by AFP to standardize the reporting of Account Analysis data. Original/Adjusted Service Charge Including Net Impact: Displays the original Service Charge and the Adjusted Service Charge as well as the Net Impact. Impact to Excess/(Deficit) Earnings Allowance: The amount that is added or subtracted from the Excess (Deficit) Earnings Allowance as a result of this adjustment.

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17 Account Analysis Definitions and Formulas This listing of terms and definitions is provided so that you can easily review how the Account Analysis figures were calculated. AFP Code: The six-character alphanumeric codes developed by the AFP to standardize the reporting of account analysis data. Average Float Balance: Average net ledger balance minus the average net collected balance. Average Negative Collected Balance: Sum of the daily ending negative collected balances divided by the number of days in the analysis period. Average Net Collected Balance: Average net ledger balance minus the average float balance. Average Net Ledger Balance: Sum of the daily ending ledger balances (positive and negative) divided by the number of days in the analysis period. Average Positive Collected Balance: Sum of the daily positive collected balances for the month divided by the number of days in the analysis period. Balance Compensable Service Charges: Total dollar amount of service charges that can be offset by the earnings allowance. Balance Equivalent Total Service Charges: Balance required to offset the current analysis period s balance compensable service charges. [Balance Compensable Service Charges x Multiplier] Charges Brought Forward: For accounts on a settlement cycle other than monthly, this represents the amount of service charges carried over from prior months to be accumulated within the analysis cycle. Charges Taken Forward: For accounts on a settlement cycle other than monthly, this represents the amount of service charge accumulated thus far which will be carried over to the next month. DDA Balance Reserve Requirement: That portion of the DDA balance that must be set aside by the bank to meet reserve requirements. Earnings Allowance: Value of balances maintained during the analysis period which can be used to offset balance compensable service charges. [Investable Balance x Earnings Allowance Rate x (Days in Mo./ Days in Yr.)] Earnings Allowance Rate: The rate used to value your average investable balance. Bank designates the rate based on prevailing markets and competitive rate conditions. Excess/Credit Taken Forward: For accounts on a settlement cycle other than monthly, this represents the amount of excess earnings credit carried over from the previous month to offset deficits for the current month. Excess/Credit Taken Forward: For accounts on a settlement cycle other than monthly, this represents the amount of earnings credit accumulated within the analysis cycle which will be carried over to the next month. Excess/(Deficit) Earnings Allowance: Difference between the earnings allowance and the balance compensable service charges. [Earnings Allowance Balance Compensable Service Charges] Excess/(Deficit) Investable Balance: The excess or deficit in balances remaining after the balances required to offset the current analysis period s balance compensable service charges have been deducted. [Investable Balance Balance Equivalent of Total Service Charges] FDIC Assessment: A pass-through fee based on each $,000 in ledger balances, held on the last day of the quarter, times the current premium rate. Fee-Based Service Charges: Service charges that cannot be offset by the earnings credit allowance. Investable Balance: Balance on which the earnings allowance rate is applied. [Average Positive Collected Balance DDA Balance Reserve Requirement] Multiplier: Balance required to offset one dollar of balance compensable service charges at the prevailing ECR. [$.00 x No. of Days in Year/(Earnings Allowance Rate x No. of Days in Mo.)] Service Charge Amount: Net charge (total service charge after offset of earnings allowance) which will be debited from the DDA you have specified (or invoiced if applicable). Settlement Date: When the analysis billing period is greater than one month, this represents the day for which the analysis billing cycle will be complete. For example, a quarterly billing cycle may have the settlement date of March on the January analysis statement. Unit Price: Price per unit of service. 6

18 If you have any questions about your new statement, please call your banker, treasury management officer or client services contact. JPMorgan Chase Treasury Services jpmorganchase.com/ts * A portion of the material related to AFP Services Codes TM copyrighted by the Association for Finance Professionals. AFP Service Codes are reprinted with permission. The services and charges contained in the account analysis statements in this guide are provided for illustrative purposes and may differ from a client s actual services and charges. 006 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase Bank, N.A. Member FDIC V-CS006