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SECURITIES We ask you to inform your Investment Advisor ifyou have borrowed money from third parties forinvestment purposes or if you intend to. Pleaserefer to section 5 “Notices”, “Off-Book Borrowingfor Investment Purposes”, for more details onthis subject Do not hesitate to request information onyour account proactively, and contact yourInvestment Advisor or your branch managerif you are not satisfied with the handling ofyour account(s)Our ServiceOfferingsAdvisory AccountsAn “advisory account” is an account where theclient is responsible for the investment decisions,but can rely on the advice given by an InvestmentAdvisor. The Investment Advisor must meet anappropriate standard of care, make investmentrecommendations suited to the client’s investorprofile, and offer unbiased investment advice.What is asignificant change?Please consult the “General AccountAgreement” for the terms and conditionsgoverning Desjardins Securities accounts.A significant change is a change that affectsyour personal or financial situation, yourinvestment needs and objectives, your riskprofile or your investment time horizon,as well as any change that can reasonablybe expected to have a significant impacton your net worth or on your incomesince the last update of your file.There are two compensation types for advisoryaccounts: commissions or fees. It is the clientwho chooses the compensation structure. YourInvestment Advisor can recommend one orthe other based on the intended use of youraccount (number of trades, for example).CommissionsClients must inform their Investment Advisorof any significant change, any event in theirlife that may cause a significant changeto their short-, medium- or long-terminvestment objectives or any event witha significant impact on their personal orfinancial situation. Clients must also notifytheir Investment Advisor of any changein their civil status, a change of address, achange of agent, or a change in their statusas an insider or as a significant shareholderof a company whose shares are traded on anexchange or on the over-the-counter market.The client pays brokerage commissions to DesjardinsSecurities based on the value and the terms andconditions of the transactions. The commissionpaid is indicated on the transaction confirmationsent to the client after each transaction.FeesDesjardins Securities offers the “Elite” Program forits fee-based advisory account service offering.Fees are based on a percentage of billable assetsunder management. Fee rates are describedin the Elite agreement signed by the client.6

SECURITIESThree Elite formulas are available accordingto the investor’s trading profile: Elite Basic,Elite Intermediate and Elite FLEXible.There are two types of Discretionary managementService accounts:If you are interested in a fee-based structure, speakwith your Investment Advisor, who will give youthe available documents on the Elite Program.Mandate Only Cash (registered or non-registered) Margin Options Margin Short MarginWith the help of your Investment Advisor, you chooseone or more mandates suited to your personalsituation. The mandates are designated on theaccount opening form signed by the client. The initialchoice of mandates as designated on the accountopening form may be modified with your consent.The description of the mandate(s) is provided to theclient by the Investment Advisor. Transactions to buyand sell securities are made by Desjardins Securitiesaccording to the provisions of the chosen mandate(s). Delivery Against PaymentAsset allocationTypes of accounts available with thisservice offeringAfter examining your investor profile anddiscussing with your Investment Advisor, thePortfolio Management service will propose aninvestment policy suited to your personal situation.This investment policy defines the target assetallocation and the selected mandates. Rebalancingbetween asset classes can be done if needed tomaintain the target asset allocation. The investmentpolicy is appended to the account opening formsigned by the client. Buy and sell transactionsare made by Desjardins Securities accordingto the provisions of the investment policy.Discretionary ManagementService AccountsA discretionary portfolio management accountdesignates any account in which the investmentdecisions are made on an ongoing basis by a dulyauthorized portfolio manager, who makes andexecutes investment decisions on your behalf.A Discretionary Management Service Accountis an account in which the assets are managedaccording to models you have chosen withthe help of your Investment Advisor.Please consult the “General Account Agreement”for the terms and conditions governing DesjardinsSecurities accounts and the “DiscretionaryManagement Service Account Agreement.”The models are managed by an authorizedDesjardins Securities portfolio manager orby an external portfolio manager authorizedand supervised by Desjardins Securities.Types of accounts available with thisservice offeringFees are calculated as a percentage of assetsunder management. Fee rates are presentedon the Discretionary management ServiceAccount Opening Form signed by the client. 7Cash (registered or non-registered)

SECURITIESPortfolio Manager AdvisorProgram AccountsA discretionary portfolio management accountdesignates any account in which the investmentdecisions are made on an ongoing basis by a dulyauthorized portfolio manager, who makes andexecutes investment decisions on your behalf.A Portfolio Manager Advisor Program account isa discretionary management account in which theassets are managed according to an investmentpolicy and model portfolios built by your InvestmentAdvisor. Your Investment Advisor is authorizedto manage your assets on a discretionary basisbecause he/she is a licensed portfolio manager.Licensing is granted by the regulatory authoritiesand supervised by Desjardins Securities. Notall Desjardins Securities Investment Advisorsare licensed portfolio managers. For moreinformation, contact your Investment Advisor.Fees are calculated as a percentage of assetsunder management. Rates are presented in theaccount opening form signed by the client. Options MarginFor completed block trades at one price,Desjardins Securities allocates the same fill to allits clients and to its own accounts. If the blocktrade does not fill at one price, allocations toclients and Desjardins Securities’ own accountswill be made on an average pricing basis.Should Desjardins Securities participate in thepurchase of initial public offerings, the treatment ofsuch orders and distribution to Desjardins Securities’client accounts related to the Discretionary managementService and/or the Portfolio Manager AdvisorProgram would remain the same as with any otherblock trade or partial fills at Desjardins Securities.Types of accounts availablewith the service offeringCash (registered or non-registered)Desjardins Securities maintains standards inorder to ensure fairness for clients who are partof the Discretionary management Service and/or the Portfolio Manager Advisor Program.As such, Desjardins Securities ensures that nosingle account or type of account will receivepreference in the allocation of investmentopportunities. Accordingly, Desjardins Securitiesand its staff shall act in a manner consistent withtheir obligation to deal fairly with all clients.Partial fills on block trades will be distributedto client accounts on a pro rata basis.Please consult the “General Account Agreement”for the terms and conditions governingDesjardins Securities accounts and the “PortfolioManager Advisor Program Account Agreement”for more details on this kind of account. Fairness policy for the allocation ofinvestment opportunities for clientsof the Discretionary management Serviceand the Portfolio Manager Advisor ProgramCommissions charged to Desjardins Securities inconnection with trades made under the Discretionarymanagement Service and/or the Portfolio ManagerAdvisor Program are not charged to clients.The foregoing policy will be revised from timeto time in keeping with changes in regulatoryrequirements and industry practices.8

SECURITIESOther charges and forms ofcompensation that may applyto our different service offerings Desjardins Securities and its Investment Advisorsmay collect two types of compensation, adirect one and an indirect one. The directcompensation is paid by you and consistsof brokerage commissions, managementfees and account-related fees. Note that theaccount-related fees are presented in the feesand commissions schedule that is sent to youby Desjardins Securities when you open youraccount. The indirect compensation consistsof trailing fees or other forms of compensationfrom third parties in connection with certaintransactions involving the purchase, holdingor sale of securities in your account, includingunits in mutual funds, exchange-traded funds,bonds, principal-protected notes or newlyissued securities sold by Desjardins Securitiesas underwriter or agent When Desjardins Securities acts as principal ina trade involving debt securities, it may receivean income resulting from the spread betweenthe buying and selling rates. Additionally to thisincome, Desjardins Securities’ commission isadded to the price of the security in the caseof a purchase or deducted from the price of thesecurity in the case of a sale. This commissionis indicated on the transaction confirmationprovided to you after each transaction otherthan for discretionary management accounts Investment funds may charge a commissionon the purchase and sale of units. However,when you invest in units of funds, each fund paysmanagement fees to its manager as compensationand for the provision of other services to the fund.9A portion of the management fees paid to themanager by the fund may be given to brokers,such as Desjardins Securities, as trailingcommissions when you invest in this fund andfor as long as you hold units of the fund. Fundsalso pay operating costs, which, when combinedto the management fees paid, are representedby the management expense ratio (MER) of thefund. The MER indicates, as a percentage of thetotal assets, how much managing and distributingthe fund costs. These fees, including the trailingcommissions paid, are described in the prospectusand the Fund Facts of each fund. When you investin funds, you do not pay these fees directly.However, they have an impact on you becausethey directly lower the returns of the fund andreduce the total returns of your account. YourInvestment Advisor is available to answer all yourquestions regarding the fees and charges forwhich the funds you invest in are liable. Weencourage you to read the Funds Facts of eachfund in which you plan on investing for moredetails about these fees. In any transaction requiring currency conversion,Desjardins Securities may earn, in addition tobrokerage fees, income from the conversion.In such transaction, Desjardins Securities acts asprincipal and uses a competitive conversion ratebased on bid and ask rates for the currency,with “currency conversion” and “income”included as separate parts. Any currencyconversion is conducted at the rate in effecton the day of the transaction Various other fees may be charged in relationwith the use of your accounts. These includeadministration charges, transfer fees, electronicfunds transfer fees and interest fees.Fees and other forms of compensationproportionally reduce the returns ofyour investments.

SECURITIESYou will receive, for the period ending December31 of each year, a report on the fees and otherforms of compensation paid to DesjardinsSecurities for the services and advice youreceived during the year. In accordance withIIROC’s regulatory guidelines, DesjardinsSecurities does not allow to aggregate accountfees and charges of related or linked accountsthrough one designated account. This measureincreases the transparency of the fees andcharges the clients pay as well as the investmentperformance they receive.2022 fee scheduleDesjardins Wealth Management is committed to providing youwith clear, detailed and transparent information. Below is a list ofthe fees that you may be charged. Whenever these fees apply toa service that you have received, they will be indicated on yourportfolio statement.OTHER FEESWithdrawal from RRIF or LIFNo feeScheduled payment(RRIF or LIF only)No feeChange in instructionsduring the year (RRIF or LIF only)No feeDirect depositNo feeFIXED ANNUAL FEES PER ACCOUNTElectronic transfer to a Desjardins caisse orDesjardins credit unionNo feeADMINISTRATIVE FEES (billed in March)Registration and delivery of securities 100 per certificateCash accountNo feeNo feeRush registration and delivery of securities(same day or within 48 hours) 200 per certificateMargin accountRRIF, LIF, RRSP, LIRA 1251, 2, 3, 4Electronic transfer to a bank 25RESPNo feeSwap 25IPP 1251, 4, 5Full transfer to another institution 1501Stock savings plan 751, 4, 6Partial transfer to another institution 1001TFSA 501, 2, 4NSF cheque 40Inactivity fees 125Document tracingand copies 251 per hour(minimum 25)4, 5FEES FOR SPECIALIZED SERVICESESTATE ACCOUNTAccount opening 150 4Securities depositedin Canadian dollars 1001(minimum fee)Securities depositedin US dollars 1501(minimum fee)TRUST, CURATORSHIP OR GUARDIANSHIP ACCOUNTSAccount opening 50 4SPECIAL SECURITIESQBIC or CIP securities depositedor transferred 5001, 6Private company securitiesdeposited or transferred 5001Euroclear securities transferred inor out 150 per securityRestricted securities(Legend 1933) 100 per securityWithdrawal from RRSP 501, 4Unlocking LIRA or LIFNo feeInterest amounts of 5 or less are neither charged nor paid to nonregistered accounts. Interest amounts of 5 or less are not chargedto registered accounts.Brokerage account that enables you to buy or sellsecurities and in which you must have a certainamount of money to cover your purchases or in whichyou must deposit the necessary amount before thesettlement date. Each transaction must be paid in full.A registered account is an account opened aspart of one of the programs provided in theIncome Tax Act. It allows you to defer the paymentof certain income taxes. To open a registeredaccount, you must complete the appropriateapplication form and meet the requirementsaccording to the type of registered account.Options Margin AccountCURRENCY CONVERSIONIn any transaction requiring currency conversion, DesjardinsSecurities Inc. may earn, in addition to the brokeragecommission, income from the conversion. This schedule doesnot include that income. In this type of transaction, DesjardinsSecurities Inc. acts as principal. Desjardins Securities Inc. uses acompetitive conversion rate based on the bid and ask rates forthe currency, which includes a currency conversion portion aswell as an income portion. All currency conversion is conductedat the rate in effect on the day that the transaction is executed.Margin account that allows you to buy or selloptions. An option is a contract that gives youthe right or the obligation to buy or sell a givenquantity of an underlying asset at a specific priceon or before a certain date. There are four differenttypes of option transactions to choose from:1.2.3.4.5.Applicable taxes not included.Fees are charged in the currency of the account.For each additional plan account, the fee is 50.These fees do not apply to fee-for-service accounts.No fee if the account generated at least 500 in commissions during the calendaryear or if the average commission amount generated by all your household’s accountsis at least 500 or if administrative fees were already charged to one of your otherregistered accounts during the calendar year or if the balance of all your household’saccounts is at least 150,000.6. Quebec residents only.vmdconseil.ca/enDesjardins Wealth Management is a trade name used by Desjardins Securities Inc. DesjardinsSecurities Inc. is a member of the Investment Industry Regulatory Organization of Canada(IIROC) and the Canadian Investor Protection Fund (CIPF).Cash AccountType of account in which you can buy or sellsecurities on credit. You pay only the differencebetween the market value of the security and theamount lent to you by the broker, who will thencharge you interest on the loan. Please consultthe “Margin Account Agreement” for more details.INTEREST RATESWith Desjardins Securities Inc., you get competitive interest rateson credit and debit balances. These rates may vary according to themarket and are subject to change without notice.Description of Typesof AccountsMargin AccountEffective January 1, 2022Clarity and transparency18529E (10-2021) 10 Buying puts and calls Selling covered options Spread trading Selling uncovered options

SECURITIESYour Investment Advisor must be duly licensed toopen an options account for you. Please consultthe “Options Account Agreement” for more details.Short Margin AccountMargin account that enables you to sell short.A short sale consists in selling securities that youdo not own. In such case, Desjardins Securitiesborrows the securities. Please consult the“Margin Account Agreement” for more details.Delivery Against PaymentWith this type of account, the client can buysecurities and pay for them on the settlement date.An intermediary, usually a financial institution, oftenacts as an agent and conducts these transactions forthe client. The brokerage firm delivers the securitiesto the buyer or to the person charged with makingthe settlement for the client, who must pay for thesecurities in full. The client or the client’s agent thentakes possession of the securities, which will notappear in the client’s account. Given the natureof the activities conducted in this type of account,Desjardins Securities does not offer any advice,does not determine the suitability of the transactionsconducted, and assumes no responsibility with respectto the transactions made in this type of account.DisclosureLeverageUsing borrowed money to finance thepurchase of securities involves greater riskthan a purchase using cash resources only.If you borrow money to purchase securities,your responsibility to repay the loan andpay interest as required by its terms remainsthe same even if the value of the securitiespurchased declines. Therefore, the leveragestrategy could result in far greater lossesthan an investment strategy that does notinvolve the use of borrowed money.Options TradingOption transactions carry a high degree ofrisk. Buyers and sellers of options shouldfamiliarize themselves with the type of option(i.e. put or call) which they contemplatetrading and the associated risks. For moreinformation, pl

the four following major categories: Low-risk income securities Moderate-risk income securities Moderate- to higher-risk income and growth securities High- to very-high-risk securities The breakdown of these percentages across the categories provides us with a general picture of your objectives. We use it to monitor and