SUMMARY:
This information is relevant to margin accounts only.

On an ongoing basis, our credit and loan policies are reviewed to ensure they reflect current market conditions while protecting our clients. As part of this regular review process, and considering recent market volatility, maximum margin lending values have been reduced for select securities in the U.S. financial sector, effective immediately.

If you are holding any of these listed securities in a TD Waterhouse margin account, your loan value and available margin will be reduced until further notice.

CONTACT INFORMATION:
If you have any questions or concerns, please contact your TD Waterhouse representative.