What is RBC Correspondent Services (RBCCS)?  RBC Correspondent Services  is a division of RBC Capital Market, LLC, a wholly owned subsidiary of Royal Bank of Canada (RBC) (NYSE symbol: RY).  Royal Bank of Canada employs approximately 78,000 full and part time employees who serve more than 16 million personal, business, public sector and institutional clients worldwide - making it a respected global leader in diversified financial services.  Its financial strength, sound risk management policies, strong balance, diversified business mix, and performance relative to its peers has been, and should a source of confidence for you.  RBCCS is part of RBC's U.S.. Wealth Management business, which has a rich hundred year history of serving the sophisticated wealth management needs of the world's leading families.  Delivering our world class wealth management solutions and custodial services to broker-dealers is an important strategic priority at RBC.

What are RBC's Credit Rating?  RBC's senior long term debt credit ratings are strong, including Aa3 rating from Moody's Investor Services, the AA- rating from Standard and Poor's  and AA (stable) ratings from Fitch and DBRS

What is RBC's standing amongst its peers in global financial services?  RBC is the sixth largest bank in North America and the 15th largest bank in the world in terms of market capitalization.  Additionally, RBC is recognized among the world's financial, social and environmental corporate leaders.

How will RBC Correspondent Services protect my assets as a custodian?  In addition to RBCCS's proven commitment to responsible stewardship, they comply with SEC commission requirements to maintain certain capital requirements, as well as to keep client assets segregated from corporate assets and the assets of others (unless you have a signed margin agreement).  Since RBC Capital Markets, LLC is a member of Securities Investor Protection Corporation (SIPC) - a nonprofit corporation funded by member securities brokers dealers - you are eligible for SIPC insurance protection.  In the event of catastrophic loss of RBC CM's firm capital, SIPC reserve funds would be available to satisfy claims against the firm, up to $500,000 per client, including up to $250,000 in cash.  Beyond SIPC insurance, RBC carries additional insurance through Lloyd's of London.  The policy provides additional securities and cash protection up to $99.5 million per SIPC qualified account (of which $900,000 may be cash).  The firms excess SIPC policy is subject to a maximum amount payable of $400 million.  

What are my next steps?  I am looking forward to both earning your trust and establishing a long term relationship with you and your family.  For more information about the strength and stability of RBC, visit the corporate profile and investor relations sections of www.rbc.com