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Throughout this Account Agreement, the terms “I”, “me”, “my”, “we”, “us”, and “our” mean the B2B Bank
Intermediary Services Inc. Investment Account holder(s). In consideration of B2B Bank Intermediary Services
Inc. (“B2BBISI”) accepting this account, I acknowledge and agree that:
a) I have engaged my Dealer/advisor as my agent. B2BBISI is entitled to accept and act on any notice,
authorization or other communication including by electronic transmission and telephone that it believes
in good faith to be given by me or on my behalf by an individual or entity acting (or representing that it
acts) in connection with this account as my Dealer or my advisor or on behalf of my Dealer or my advisor.
B2BBISI is under no obligation to verify that my Dealer or my advisor or any individual or entity acting (or
representing that it acts) is properly authorized to act as my agent or is otherwise authorized to act on my
b) My Dealer and B2BBISI have different roles and responsibilities. I have read and I understand and accept
the roles and responsibilities outlined below:
My mutual funds representative is responsible for working with me to understand and help me achieve my
investment objectives by providing me with investment advice.
Canadian securities regulations require that my mutual funds representative work under the authority of a
dealer. My Dealer (the Introducing Dealer) and B2BBISI have entered into an Introducing/Carrying Dealer
Role of B2BBISI
B2BBISI, as the Carrying Dealer on this account, is responsible for trade execution and for settling trades
(both of which my Dealer may do in certain circumstances) and custody of my cash and my securities.
B2BBISI is also responsible for issuing account statements and trade conrmations and for most tax
reporting. Nevertheless, for mutual fund transactions, B2BBISI relies on the manager of the mutual fund to
issue trade conrmations.
B2BBISIdoes notgive investment advice,does not determinethe suitability ofmy investments and
B2BBISI may pay a portion of its fees to my Dealer and my Dealer may pay a portion of its fees to B2BBISI.
Fees for carrying dealer services are paid by me in accordance with the B2BBISI Fee Schedule and/or are
paid by my Dealer.
c) B2BBISI has the right to reject any of my instructions, or to sell any securities in this account, for legal,
regulatory or eligibility reasons.
d) I am responsible for all commissions payable in respect of all trades in this account.
e) My xed income trades are valid until the end of the day, unless otherwise specied. I acknowledge that I
am responsible for all trades, placed by me or my Dealer or my advisor and I must pay for the trade at the
time the trade is placed.
f) B2BBISI will provide me with the applicable Account Fee Schedule upon their opening of this account. I
will have up to 30 days from the date of account opening by B2BBISI to close this account without being
charged the applicable fees as outlined in the Account Fee Schedule. For its annual fee, B2BBISI provides
various account administration services, including custody of securities, maintenance of accounting records,
collecting and remitting income and issuing statements.
g) I will pay B2BBISI any amounts owing to B2BBISI and any fees as outlined in the Account Fee Schedule.
In addition, B2BBISI can sell securities in this account or otherwise deduct from this account any amounts
owing to B2BBISI in respect of this account or any other of my accounts at B2BBISI. B2BBISI, as agent for
B2B Trustco, may collect fees payable to B2B Trustco for Individual Pension Plans.
h) B2BBISI may collect the annual and/or negotiated fee from the investments in my account. The fees will be
collected based on the investments held in my account. B2BBISI has established a hierarchy of investments
for collecting fees. The hierarchy is as follows where the fee will be collected from the named investment
in ascending order:
(ii) Money Maximizer
(iii) B2B Bank High Interest Investment Account
(iv) Front-end money market funds/t-bill funds
(v) Other front-end mutual funds
(vi) Deferred sales charge money market funds/t-bill funds
(vii) Other deferred sales charge mutual funds
(viii) Front-end money market funds/t-bill funds (non-electronic)
(ix) Other front-end mutual funds (non-electronic)
(x) Deferred sales charge money market funds/t-bill funds (non-electronic)
(xi) Other deferred sales charge mutual funds (non-electronic)
(xii) Front-end asset allocation mutual funds/dollar cost averaging mutual funds
(xiii) Front-end capped funds
(xiv) Deferred sales charge asset allocation funds/dollar cost averaging mutual funds
(xv) Deferred sales charge capped funds
(xvi) Hedge funds, limited partnerships and note structured mutual funds/other mutual funds not easily
(xvii) Labour-sponsored mutual funds
(xviii) Other mutual fund investments including exchange-traded funds
(xix) Other investments
i) I will deliver any securities that I sell to B2BBISI promptly if not held by B2BBISI. If I do not, B2BBISI may
purchase the security at my expense.
j) B2BBISI will pay interest to this account on credit balances, or charge interest to this account on debit
balances, at the applicable rate as posted from time to time.
k) I will notify B2BBISI in writing about any errors or omissions within the time limits specied on conrmations,
statements or other notices.
l) For all accounts, including corporate, unincorporated organization, formal trust and estate accounts, I will
provide any additional documentation as reasonably requested by B2BBISI.
m) Each of B2BBISI and my Dealer have the right and I hereby authorize each of them to conduct a credit check
or obtain a credit report or credit le with respect to me and my business, if applicable, for the purposes of
providing services to me and to verify my identity. Each of B2BBISI and my Dealer also have the right to
use banking information, including without limitation information with respect to any deposit account I may
have, in connection with the provision of services to me.
n) I will advise B2BBISI of any changes to this account in writing.
o) I acknowledge that any update to my personal information will apply to all accounts in my client record. If
my investment account is associated with B2B Bank Investment Loan, I authorize B2BBISI to share my
personal information with B2B Bank and authorize B2B Bank to update my B2B Bank accounts with my
updated personal information including my personal address (residential and mailing), phone and cell
number(s), and email address.
p) I acknowledge that B2B Bank, or any of its afliates, successors or assigns (the “lender”) may have a
security interest in this account, and any securities or property held in it, in relation to a loan. B2BBISI is
authorized to accept instructions from the lender in connection with the operation of this account and the
realization of any security interest.
q) B2BBISI may, from time to time, amend the terms of this Account Agreement, including introducing a new
fee or amending the fees outlined in the Account Fee Schedule, after giving me no less than 60 days notice
of the new or amended fees.
r) All transactions in this account are subject to the rules and regulations of the securities industry, as applicable,
and the laws of the Province of Ontario. If I am a resident of the Province of Quebec, B2BBISI agrees to
submit to the laws applicable in Quebec and to Quebec courts in the event of litigation between me and
s) B2BBISI will act as principal in xed income transactions. For trades in xed income securities, for example,
Canadian issued bonds, the purchase price includes a mark-up and the sale price includes a mark-down.
For purchases, this mark-up will reduce the yield that I receive. For sells, this mark-down will reduce the
sale proceeds that I receive.
This mark-up or mark-down represents compensation to B2BBISI and/or my Dealer for providing me with
access to Canadian xed income markets. The mark-up or mark-down may be negotiable with my Dealer.
B2BBISI has established maximum mark-ups and mark-downs. The maximum is calculated as a percentage
of the par value and will vary depending on the term to maturity and the issuer of the debt security.
t) B2BBISI will act as principal in currency conversions. The currency of the account(s) shall be as selected
by me on the application for this account provided if I fail to make a selection or no selection option is
available on the application, the currency of this account shall be Canadian dollars. Currency conversions
will occur on trade date for any security that is denominated in a currency other than the currency of this
account. Currency conversions will also occur on deposits to this account and will include any conversions
required as a result of income or interest derived from securities denominated in a currency other than the
currency of this account. Currency conversions will take place at rates determined by B2BBISI, or others
engaged by B2BBISI, and each may earn revenue, in addition to applicable commissions, based on the
difference between the bid/ask rates for the currency and B2BBISI’s, or others engaged by B2BBISI, cost
of the currency. Where a transaction with a mutual fund involves a currency conversion, the mutual fund
company may charge me for the conversion.
u) The parties hereby acknowledge that they have expressly required this Account Agreement and all notices,
statements of account and other documents required or permitted to be given or entered into pursuant hereto
to be drawn up in the English language only. Les parties reconnaissent avoir expressément demandé que
la présente convention de compte ainsi que tout avis, tout état de compte et tout autre document à être ou
pouvant être donné ou conclu en vertu des dispositions des présentes, soient rédigés en langue anglaise
v) In the B2BBISI Investment Account Application and Account Agreement all singular references are deemed
to be in the plural, as applicable.
w) I acknowledge and agree that no transactions, other than the initial deposit, may be carried out in this
account until the identication of the persons authorized to give instructions in respect of this account has
been completed by my Dealer.
x) The account is owned jointly by those persons signing the B2BBISI Investment Account Application and
that ownership is in equal portions, unless otherwise specied if held as tenants in common.
y) All of us are jointly and severally liable to B2BBISI for any debts, liabilities and obligations arising in connection
with the account.
z) B2BBISI may, without consulting any of the other account holder(s), act on orders for the account submitted
by any one of us, including authorization to receive conrmations, statements or other information and to
buy, sell, deposit, withdraw, transfer, deliver and/or receive any and all account eligible securities and/or
aa) The transfer, delivery or payment of securities and/or funds may be made to any one of us or an account
for any one of us, without any liability to B2BBISI.
bb) All conrmations, statements, or other notices from B2BBISI will be mailed to the Applicant’s address or
to the mailing address if one is provided. All such correspondence will then be considered to have been
mailed to all of the account holders. Co-applicants may receive copies of statements upon request.
cc) On the death of any one of us, the deceased’s portion of the account proceeds will be disposed of to the
remaining account holder(s) if the account is held with rights of survivorship, or to the executor or administrator
of the deceased’s estate if it is held as tenants in common.
dd) On the death of any one of us, the remaining account holder(s) agrees to immediately advise B2BBISI, and
to provide such documentation as may reasonably be requested. B2BBISI reserves the right to restrict the
account, as deemed necessary for tax, liability, or legal reasons, under any present or future law.
ee) The deceased’s estate and the surviving account holder(s) continue to be jointly and severally liable for
debts, liabilities and obligations resulting from transactions initiated prior to B2BBISI receiving written notice
of death, or incurred in liquidating the account or adjusting the interests of the surviving account holder(s).
ff) If this account is held In Trust For more than one individual (ie., beneciary), each beneciary’s interest in
the account is deemed to be in equal portions.
gg) B2BBISI has no obligation to observe the terms of any trust and I am solely responsible for ensuring
compliance with the terms of any applicable trust agreement, or applicable law.
hh) For accounts with co-applicants, all conrmations, statements, or other notices from B2BBISI will be mailed
to the Applicant’s address or to the mailing address if one is provided. All such correspondence will then be
considered to have been mailed to all of the account holders.
ii) For accounts with co-applicants, on the death of any one of us, the remaining account holder(s) agrees to
immediately advise B2BBISI, and to provide such documentation as may reasonably be requested. B2BBISI
reserves the right to restrict the account, as deemed necessary for tax, liability, or legal reasons, under any
present or future law.
Oct 31, 2019