ICD Securities

Commitment | Experience | Security

www.icdsecurities.com

Florida: 1.800.551.6362 New York: 1.800.533.9891 Arizona: 1.877.513.4367

Key Definitions and Documents associated with the DTC process

Brokerage Agreement: Agreement between the issuer and the individual Brokerage Firm.

Terms Agreement: The details of the CD terms agreed to by ICD and you, the issuer. You will need to execute a terms letter for each DTC CD issued. The details outlined in this document are as follows:

Letter of Representation: A one time document that is signed by your institution and forwarded directly to DTC. This document must be executed prior to your first DTC issuance and is a DTC standard agreement. For more information please visit www.dtcc.com.

Negotiable Master Certificate: The actual negotiable certificate of deposit that your institution will set up on its books. All the Certificates that are issued through the DTC market are set up under “Cede & Co., as nominee of the Depository Trust Corporation.” There is one Master Certificate per each issued CUSIP ID number. The CUSIP ID number is issued by Standard & Poors to identify each individual offering.

Certificate of Deposit Disclosure Agreement: This document is presented to the beneficiary owner from the selling dealer.

Selling Group Agreement: This document is executed between the underwriter and its selling group members.

For more information please feel free to contact your ICD Representative at 1-800-533-9891.