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The primary advantage of using a CDA is the prompt notification of your daily <br />funding requirements. With the advent of Image Exchange and our advanced <br />technology capabilities, J.P. Morgan now reports 99% of our clients' total funding <br />requirement by 4:45 a.m. PT, accelerating your ability to make investment <br />decisions earlier in the morning. Our national CDA endpoints can each be funded <br />by an account anywhere within J.P. Morgan. <br />Funding Options <br />Automated transfer approach: The exact amount needed to cover the <br />day's clearings is automatically transferred from the City's funding <br />account to your CDA. <br />Zero balance account structures: ZBA structures simplify funding <br />activities. They accommodate both organizational structure and business <br />objectives while automatically moving money to the appropriate account <br />for funding. Zero balance subaccounts are automatically funded from <br />your master account with an automated same -day electronic transfer. <br />There is no limit to the number of subaccounts within a tier, nor is there a <br />limit to the number of account tiers. <br />10. Are the presentment amounts available via the Bank's on -line system? <br />ACCESS Online provides controlled disbursement reports, current day only. The <br />City will be provided with the below detailed information. <br />• For U.S, accounts only, these reports show summary and detailed <br />information on your payments and templates. <br />• Provides interim and final presentments and funding across all sites, or <br />selected disbursement sites that offer both. <br />• Can include, for example, all detail payments sent, in- process or future - <br />valued. <br />• Template reporting includes summary and adjustments detail reports of <br />templates active accounts presentment totals by location. <br />• Within location, users can see location number, description, amount and <br />number of items per location in- process. <br />11. 1s controlled disbursement compatible with account reconcilement and <br />positive pay? <br />Yes, it is compatible. <br />Positive pay, payee verification and teller line positive pay are standard fraud <br />prevention measures made available to our controlled disbursement clients. <br />Page 62 JY Morgan <br />55E -157 <br />