Common use of Balancing Adjustment Clause in Contracts

Balancing Adjustment. Any deposit adjustment of [***] (said dollar amount may reasonably be adjusted over time, based on Customer requirements) will be charged to a Customer specified sundry general ledger account, using a system generated entry. All errors detected during the Over-the-Counter process are to be adjusted the same day. Original copies of adjustments will be processed with the proof transactions; and the offsetting side of the adjustment entry will be sent to the Customer for processing. Any deposit adjustment of [***] (said dollar amount may reasonably be adjusted over time, based on then current industry standard practices) will be charged to Customer’s end-customer or Customer’s designated general ledger account using forms. All errors detected during the Over-the-Counter process are to be adjusted the same day. Original copies of adjustments will be processed with the proof transactions; and the offsetting side of the adjustment entry will be sent to the Customer for processing. Fidelity will prepare proof corrections to Customer’s end-customer on forms for reasons including but not limited to: (i) Error(s) found in addition or subtraction (ii) Check Item was listed for the wrong amount (iii) Check Item listed was not enclosed (iv) Check Item enclosed, not listed (v) Cash not included in deposit total (vi) Collections not included in deposit (vii) Non-Negotiable Item in deposit (viii) Items drawn on foreign institutions [***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 406 of the Securities Act of 1933, as amended Fidelity will prepare proof corrections to Customer’s designated general ledger account on forms for reasons including but not limited to: (ix) Cash ticket missing (x) Cash ticket for wrong amount (xi) Wrong cash ticket used (xii) Currency included in work (xiii) Cashed check Item missing (xiv) Cashed check Item enclosed was not listed (xv) Cashed check Item for wrong amount (xvi) Other miscellaneous correction (xvii) Items drawn on foreign institutions