Privacy Policy for Clients Introduced to J.P. Morgan Clearing Corp. by Correspondent Brokers

Our Commitment to Your Privacy: J.P. Morgan Clearing Corp. and J.P. Morgan Securities Inc. (“we”, “us”) have a long standing policy of protecting the confidentiality and security of information we collect about customers of brokers for which we provide clearing services. We will not share nonpublic personal information about you ("Information") with third parties outside of your broker without your consent, except for the specific purposes described below. This notice describes the Information we may gather and the circumstances under which we may share it. Your broker should have an additional separate privacy policy, which explains its privacy practices.

Why We Collect and How We Use Information: We collect and use Information to deliver service to your broker and you. Such service includes maintaining your accounts with us, processing transactions requested by you and administering our business.

How We Gather Information: We get most Information directly from you or your broker, when you apply for, access, and use financial products and services offered by your broker and its business partners - whether in person, by telephone or electronically. We may verify this Information or get additional Information from consumer reporting agencies or other sources. This Information may relate to your finances, employment or other personal characteristics, such as your first and last name, address, phone number, social security number and email address, as well as accounts with us and transactions and interactions by, with or through your broker, us or others. We may also collect Information about what you have entered into, viewed on and/or downloaded from our or your broker’s website.



How We Protect Information: Our employees are required to protect the confidentiality of Information and to comply with our established policies. They are authorized to access Information only when there is an appropriate reason to do so, such as to administer our products or services. Employees who violate our Privacy Policy are subject to disciplinary process. In addition, we maintain physical, electronic and procedural safeguards to protect Information, which comply with all applicable laws.

Disclosure of Information: We may disclose any kind of Information to or as directed by your broker or when we believe it necessary for the conduct of our business, or where disclosure is required or permitted by law. For example, Information may be disclosed for audit or research purposes, to attorneys or other professionals, or to law enforcement and regulatory agencies to help, among other things, prevent fraud or money laundering. In addition, we may disclose any kind of Information to third party service providers, (i) to enable them to provide business services for us or your broker, such as performing computer related or data maintenance or processing services for us or your broker, (ii) to facilitate the processing of transactions requested by you, (iii), to assist us in offering products and services to your broker or to assist your broker in offering products and services to you, or (iv) for credit review and reporting purposes. Except in those specific, limited situations, without your consent, we will not make any disclosures of Information to other companies who may want to sell their products or services to you. For example, we do not sell customer lists, and we will not sell your name to a catalog company or telemarketer.

Former Customers: Even if you are no longer a customer of a broker for whom we provide clearing services or we no longer provide clearing service to your broker, our Privacy Policy will continue to apply to Information about you.

To Whom This Policy Applies: This Privacy Policy applies to individuals to whom products or services are provided by J.P. Morgan Securities Inc. or J.P. Morgan Clearing Corp. from our offices in the United States (in conjunction with us providing clearing services to your broker), provided such products or services are used primarily for personal, family, or household purposes (not business purposes), whether or not the individuals have a customer relationship with us.

Further Information: We reserve the right to change this Privacy Policy. If there are material changes to this policy an updated policy will be sent to you. The examples contained within this Privacy Policy are illustrations and they are not intended to be exclusive.