J.P. MORGAN CHASE BANK-2016 - Laserfiche WebLink

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8. Does the Bank offer paid -item truncation with CD imaging? If yes, are images available on -line and at what cost? Yes, J.P. Morgan will continue to provide the City with a CD -ROM of historical check and deposit slip images. CD -ROMs can also include check status and Reconciliation Report data, but only for monthly CD -ROMs going forward, not for historical projects. Historical check images and data will also continue to be available via ACCESS Online. Please refer to Attachment 6A and 613 for pricing information. 9. Does the Bank offer controlled disbursement services? If so, describe the controlled disbursement program offered by the Bank. What presentment locations are offered and what are the reporting times? We recommend the City continue to use the Zero balance account structure in place today as this provides the most flexibility at the lowest cost, however we have provided information on our controlled disbursement service below. J.P. Morgan's controlled disbursement services can help the City gain control over idle balances and optimize loan and investment opportunities. With early morning reporting and the knowledge of exact disbursement funding requirements, the City can maximize your working liquidity by taking advantage of intra -day investments or paying down debt early in the day. We provide the City with check specification sheets to follow when you print your checks. The specific routing number enables the checks to clear through our San Angelo, TX disbursement endpoint, which is dedicated to controlled disbursement processing. Each morning, we receive inputs to the controlled disbursement system. These inputs include files from the Federal Reserve (Fed) and other previously established bank trading partners. The early- morning controlled disbursement funding calculation includes totals from these files, as well as any prior -day account balance information and ACH transactions. Once final presentment is reported, J.P. Morgan will automatically transfer the funds from the linked bank account to your controlled disbursement account (CDA) to cover the total amount reported and maintain a daily zero balance. We also allow our clients to initiate wires and same -day ACH activity from your controlled disbursement account. In such instances, our "late -day" funding feature automatically funds those transactions for you at the end of each day, making sure the account balance remains at zero. Page 61 J. P Morgan