Banking/Financial Institution Account Policy

This policy establishes guidelines for a company’s activities related to opening, closing and maintaining financial institution accounts. The purpose of this policy is to ensure that the company’s cash, investments and other assets are adequately controlled and safeguarded, as well as ensure consistency in the U.S. concerning dealings with financial institutions.

Procedures outlined within this document are related to banking relations, qualifications of financial institutions, opening and closing an account, maintenance of an account, and required account approvals. Compliance with these procedures will help eliminate undue risk and should minimize financial institution-related expenses.