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MARGIN APPLICATION

Scottrade Account Number

Scottrade Account Title

Risks of Margin Trading and Margin Disclosure Statement

Scottrade is furnishing you this information to provide some basic facts about purchasing securities on margin, and to alert you to the

risks involved with trading securities in a margin account.

You understand that trading on margin (including effecting short sales) involves a high degree of risk and may result in a loss of

funds greater than the amount you have deposited in your Account. Before trading stocks in a Margin Account, you should carefully

review Section IV of the Scottrade

Brokerage Account Agreement and the margin information in Scottrade's Agreements and

Disclosures Center at . Please contact your Scottrade

branch office or independent investment advisor (if your

Account is a SAS Account) with any questions or concerns you may have. When you purchase securities, you may pay for the

securities in full or you may borrow part of the purchase price from Scottrade. If you choose to borrow funds, it will be done in a

Margin Account. The securities held in your Margin Account are Scottrade's collateral for the loan to you. If the securities in your

Margin Account decline in value, so does the value of the collateral supporting your loan and, as a result, Scottrade can take action,

such as issuing a margin call and/or selling securities or other assets in any of your Scottrade Brokerage Accounts, in order to

maintain the required equity in the account. It is important that you fully understand the risks involved in trading securities on margin.

These risks include, but are not limited to:

•

You can lose more funds than you deposit in a Margin Account. A decline in the value of securities that are purchased on

margin may require you to provide additional funds to Scottrade to avoid the forced sale of those securities or other securities

in any of your Scottrade

Brokerage Accounts.

•

Scottrade can force the sale of securities or other assets in your account(s). If the equity in your Margin Account falls

below the maintenance Margin Requirements or Scottrade's higher House Requirements, Scottrade can sell the securities or

other assets in any of your Scottrade

Brokerage Accounts to cover the margin deficiency. You will be responsible for any

shortfall in your Margin Account after the sale.

•

Scottrade can sell your securities or other assets without contacting you. Some investors mistakenly believe that a firm

must contact them for a margin call to be valid, and that the firm cannot liquidate securities or other assets in their accounts

unless the firm has contacted them first. This is not the case. Although Scottrade usually attempts to notify customers of

margin calls, it is not required to do so. Even if Scottrade has contacted a customer and provided a specific date by which the

customer can meet a margin call, Scottrade can still take necessary steps to protect its financial interests, including

immediately selling the securities without notice to the customer.

•

You are not entitled to choose which securities in your Margin Account are liquidated or sold to meet your margin

call. Because the securities are collateral for your margin loan, Scottrade has the right to decide which security to sell in order

to protect its interests.

•

Scottrade may increase or decrease its House Requirements at any time and is not required to provide you with

advance notice. These changes in policy can take effect immediately and may result in the issuance of a margin call. Your

failure to satisfy this call may cause a forced liquidation of your account.

•

You are not entitled to an extension of time on a margin call. While an extension of time to meet margin requirements

may be available under certain conditions, you do not have a right to the extension. Scottrade has the sole and absolute

discretion to provide an extension.

BY SIGNING THIS APPLICATION I ACKNOWLEDGE THAT MY SECURITIES MAY BE LOANED TO SCOTTRADE OR

OTHERS AND THAT I HAVE READ AND AGREE TO THE MARGIN DISCLOSURE STATEMENT AND MARGIN AGREEMENT.

Applicant/Authorized Person's Signature

Date

Co-Applicant/Authorized Person's Signature

Date

Signature Verification via

Signature Page

Application

*SF1011*

Associate Initials

Scottrade, Inc. - Member

FINRA

and

SIPC

Page 1 of 2

SF1011/4-16

Margin Application Form

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