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Regarding your End-of-Day Netted Investment Sweep  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏
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account migration


WE'RE MAKING CHANGES TO YOUR INVESTMENT SWEEP

Thank you for selecting a J.P. Morgan End-of-Day (EOD) Netted Automated
Overnight Investment Sweep. Starting February 28, 2025, we will no longer offer
the EOD Netted Automated Overnight Investment Sweep to Offshore London,
International Banking Facility, or Fed Funds Invested Deposits at JPMorgan Chase
Bank, N.A. This means that your EOD Netted Sweep account(s) will be closed and
automatically convert to an Interest Bearing Demand Deposit Account (DDA)—at the
equivalent interest rate—on February 28, 2025. Listed below are the last four
digits of your impacted accounts with the account and company names. Please
note, your account number(s) will remain the same. Impacted accounts XXXXX5232 -
BANKMUSCAT (SAOG) - BANK MUSCAT SAOG

 


MORE ABOUT INTEREST BEARING DDA

• Rate payouts will be maintained to match your current EOD Netted Sweep.
Interest accrues daily and is paid monthly on the last business day of the
month. • Balance Based Charges (BBC) are existing monthly fees assessed against
your deposits for charges related to the maintenance of deposits. From February
25, 2025, BBC charges will be assessed for newly converted accounts to match
your other Interest Bearing DDA rates.

For example, if your previous interest rate was 150bps net, your new interest
rate will be 163bps gross and your BBC charges on your bill will be 13bps (DDA
rate at 163bps – BBC Charges at 13bps = net rate at 150 bps).

• If your EOD Netted Sweep maintains a Target Balance, which is the amount that
remains in the DDA and earns an Earnings Credit Rate (ECR), then your account
will be converted to an Interest Bearing DDA with ECR (earning both ECR and
interest).

○ The Interest Bearing DDA with ECR structure earns ECR up to a predetermined
balance threshold (referred to as the “ECR Peg”). Balances over the ECR Peg
receive daily interest which is paid monthly. ○ The ECR Peg will be set to the
current Target Balance amount as designated on your EOD Netted Sweep parameter.

Balances in an Interest Bearing DDA are:

• FDIC Insured, up to applicable limits • Not subject to cross-border risk •
Classified as U.S. held deposits, which may receive a higher general creditor
preference for deposit balances above applicable FDIC insurance limits in the
event of a liquidation of the Bank

Please note, if we do not hear from you by February 1, 2025, your accounts will
automatically convert to an Interest Bearing DDA.


WE'RE HERE TO HELP

If you have any questions about these changes, or would like to discuss
alternative Treasury Services products, please contact your relationship
manager.



Important Information:

We sent this message from an unmonitored mailbox and cannot respond to replies.
Please contact your servicing team if you need help.


J.P. Morgan Disclosures | Chase Security Center

© 2024 JPMorgan Chase & Co. Member FDIC. Deposits held in non-U.S. branches are
not FDIC insured. All rights reserved. The statements herein are confidential
and proprietary and not intended to be legally binding. Not all products and
services are available in all geographical areas.

1342276_CIB_GLB_W1_E | PMT002386 PMT002386_504