7KH3HRSOH3DJHV5HVRXUFHVIRU6RFLDO&KDQJH
%RRNNHHSLQJ%DVLFV
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¶VPRQH\(YHQLIDYROXQWHHURUDFFRXQWDQWGRHV\RXUERRNNHHSLQJXQGHUVWDQGLQJ WKHILQDQFLDOUHSRUWVWKH\SUHSDUHZLOOKHOS\RXPDNHEHWWHUEXVLQHVVGHFLVLRQV%HFDXVH ERDUGPHPEHUVDUHUHVSRQVLEOHIRUDQRUJDQL]DWLRQ¶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±'RQDWLRQV*UDQWV0HPEHUVKLS'XHV5HYHQXHIURP6SHFLDO(YHQWV ([SHQVHV±6DODULHV5HQW3RVWDJH3ULQWLQJDQG6XSSOLHV $VVHWV±%XLOGLQJ&RPSXWHUV(TXLSPHQW)XUQLWXUH3HWW\&DVKDQG%DQN$FFRXQWV /LDELOLWLHV±&UHGLW&DUGV0RUWJDJHDQG%LOOV 7RHQVXUH\RXUILQDQFLDOLQWHJULW\PDNHVXUHWR - .HHSDOORI\RXUUHFHLSWVDQGRUJDQL]HWKHPVRWKH\DUHHDV\WRILQG - 8VHDEDQNDFFRXQWDQGNHHS\RXURUJDQL]DWLRQ¶VPRQH\VHSDUDWHIURPDQ\SHUVRQDO IXQGV - +DYHWZRSHRSOHUHYLHZDQGVLJQHYHU\FKHFNLISRVVLEOHKDYHDWKLUGSHUVRQSUHSDUHDQG SURFHVVFKHFNV - 3UHSDUHDQGDQDO\]HILQDQFLDOVWDWHPHQWVDWWKHHQGRIHYHU\PRQWKDQG\HDUFRPSDULQJ WKHPWRWKHODVWSHULRG - :RUNZLWKDQDFFRXQWDQWWRVHWXSDV\VWHPWKDWPDNHVVHQVHIRU\RXURUJDQL]DWLRQ