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12. By what time each day would information on 100% of the City's clearings be <br />available? <br />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 99.9% of our clients' total <br />funding requirement by 4:4o a.m. PT, which accelerates your ability to make <br />investment decisions earlier in the morning. Our national CDA endpoints can <br />each be funded by an account anywhere within J.P. Morgan. <br />13. Provide a sample controlled disbursement report. <br />Please see Appendix 3 for sample reports. <br />14. Detail all costs associated with controlled disbursements. <br />Should the City choose move to a Controlled Disbursement Account structure, <br />billing is based on the table below: <br />Service Code <br />1005 <br />Description <br />DDA Account Maintenance <br />2205 <br />Monthly Maintenance for each CDA account <br />2210 <br />Charge per item for checks paid on CDA account <br />5234 <br />Charge per transfer for transferring funds from a master funding account to <br />replenish the CDA account <br />Please refer to Attachment 6A and 613 for specific pricing information. <br />15. How are stale -dated (more than 6 months old) items handled? <br />The City can use J.P. Morgan's stale -date feature to return checks that are <br />presented for payment past a client- determined number of days from the issue <br />date. The City's account must be on full reconciliation and J.P. Morgan must <br />receive the issue record in advance of the check being presented for payment. <br />For positive pay accounts, these checks appear as exceptions on the daily positive <br />pay exception report, allowing clients to decide whether each item should be paid <br />or returned. Checks presented on a non - positive pay account that exceed the <br />defined valid number of days will be automatically rejected and returned. <br />16. Describe the process for placing a stop payment. Does the City have the <br />option to determine the length of time for which the stop payment is in <br />effect? How long does it take for a stop payment to become effective once it <br />has been entered in your system? <br />To streamline the City's stop payment process, the bank offers the following <br />options: <br />Page 63 J T Morgan <br />55E -158 <br />