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For all users of this web site:
For BMO InvestorLine clients only:
BMO InvestorLine Internet and Automated Telephone Trading
Agreement
BMO InvestorLine’s Statement of Policies
Questions or Concerns
User Agreement
By accessing this web site, you agree to the terms of this User
Agreement set out below. If you do not agree with the terms of this
User Agreement, do not access the web site or any pages thereof.
No Advice
The financial market data, including quotes, charts, news and mutual fund research (collectively "Information") are provided by various information suppliers ("Information Providers") that are independent of BMO InvestorLine Inc., hereafter known as "BMO InvestorLine".
The Information may include the views, opinions, and recommendations of individuals or organizations that may be of interest to investors generally, but BMO InvestorLine and its Information Providers do not endorse such views or opinions. The Information is not intended to provide investment, tax, accounting or legal advice nor does it constitute a solicitation of any offer to buy or sell any securities.
BMO InvestorLine's quotes are provided by a third party vendor except the quotes displayed
on the Stock Screener results screens are provided by Globeinvestor.
All quote information is delayed by 20 minutes unless otherwise specified. We
cannot guarantee
the accuracy of the information provided.
MT Newswires, a division of MidnightTrader, Inc., is a leading provider of premium global financial news. Any attempt to reproduce, retransmit, disseminate, sell, distribute, publish, broadcast, circulate or commercially exploit the MT Newswires information available on this site in any manner without the express written consent of MT Newswires is strictly prohibited.
MT Newswires believes its news, commentary and data to be reliable, but timeliness and accuracy are not warranted or guaranteed. MT Newswires does not provide investment advice.
For additional information please visit
MT Newswires public web site - http://www.mtnewswires.com
The Mutual Fund Research is provided by Morningstar Research Inc., an independent third party. The Mutual Fund Research Content is the responsibility of Morningstar Research Inc. and does not represent BMO InvestorLine's views nor should it be seen as a solicitation by BMO InvestorLine to purchase or sell any of the products that are being discussed.
Charting provided by MarketWatch.com
Inc. User
agreement applies. Intraday data provided by S&P
Comstock and subject to terms
of use. Intraday data is at least 15-minutes delayed. All times
are ET. Historical and current end-of-day data provided by FT
Interactive Data.
Standard & Poor's, a division of The McGraw-Hill Companies, is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. The equity research reports and recommendations provided by Standard & Poor's Equity Research Services are performed separately from any other analytic activity of Standard & Poor's. Standard & Poor's does not trade on its own account. The analytical and ethical conduct of Standard & Poor's equity analysts is governed by the firm's Research Objectivity Policy, a copy of which may also be found at www.standardandpoors.com. The content provided by Standard & Poor’s does not represent BMO InvestorLine's views nor should it be seen as a solicitation by BMO InvestorLine to purchase or sell any of the products that are being discussed.
BayStreet.ca Media Corp, founded in May 1998 is a leading online Canadian publisher of original, timely and insightful commentary, analysis and opinion aimed at helping Canadian investors make informed investment decisions. The content provided by BayStreet.ca does not represent BMO InvestorLine's views nor should it be seen as a solicitation by BMO InvestorLine to purchase or sell any of the products that are being discussed.
Information provided by Globeinvestor is the intellectual property of Bell Globemedia Publishing Inc. and/or its licensors. Any copying, republication or redistribution of such content, including by caching, framing or similar means is expressly prohibited without the prior written consent of Bell Globemedia Publishing Inc.
Bell Globemedia Publishing Inc. and its affiliates and their respective employees and licensors assume no liability for inaccurate, delayed or incomplete information, nor for any actions taken in reliance thereon. The information has been provided by multiple data suppliers without verification by Bell Globemedia Publishing Inc. Past performance is not necessarily indicative of future performance. Prior to making any investment decision, consult directly with the relevant individual or firm and with a qualified investment advisor.
Disclaimer
Though the Information is believed to be reliable, neither BMO InvestorLine nor its third party licensors warrant or guarantee the timeliness, sequence, accuracy or completeness of this Information. IN NO EVENT WILL BMO INVESTORLINE OR ITS THIRD PARTY LICENSORS BE LIABLE FOR ANY SPECIAL, INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES, (INCLUDING, WITHOUT LIMITATION, LOST REVENUES, LOST PROFITS OR LOSS OF PROSPECTIVE ECONOMIC ADVANTAGE RESULTING FROM THE USE OF THE INFORMATION OR FOR OMISSIONS OR INACCURACIES IN THE INFORMATION) EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, OR FOR ANY CLAIM BY ANOTHER PARTY.
Available Only Where Permitted by Law
The products and services described on pages of this web site
are available only in jurisdictions where they may be legally offered
for sale. This information is not to be construed as an offer to
sell or a solicitation to buy or sell any products or services
of any kind whatsoever including without limitation securities
or any other financial instrument in the United States of America
or the territories or possessions thereof.
Who can open an Account with BMO InvestorLine
You must be resident
in Canada to open an account with BMO InvestorLine.
Internet Email Usage
Please keep in mind that messages you send to us by email are not
encrypted and may be viewed by others during transmission.
Do not send us any personal information (example: account numbers
and/or card numbers) by Internet email.
BMO InvestorLine will not be responsible for any damages you may
incur if you communicate confidential information to us over the
Internet, or if we communicate such information to you, at your
request.
User ID
The User ID feature lets you consolidate all your BMO InvestorLine
accounts for easy access with one sign in. Clients are reminded
that they are solely responsible for preserving the confidentiality
of their account passwords. BMO InvestorLine does not verify
the identity of the person entering account passwords on the system. Once
accounts are linked under a single User ID, anyone with access
to the User ID will have access to all information pertaining to
the attached accounts as well.
Note that a User ID will be deemed “inactive” if
it has not been used for a period of 6 months or more. Inactive
User
IDs will be purged from our system. Should your User ID become
inactive, you will need to set up a new User ID.
Privacy Code
BMO InvestorLine may, from time to time, use information you provide
as part of the registration process for the Personal Page section
of this web site to send you information regarding other products
or services from BMO InvestorLine that may be of interest to you.
For detailed information about how we protect your confidentiality
click here.
Applicable Agreements
All products and services of BMO InvestorLine are subject to the
terms of the applicable agreements.
You agree and acknowledge that access to any portion of the content made available to you on our web site is subject to termination at any time, including in the event that any agreement between BMO InvestorLine and a provider of information or software is terminated.
Accuracy and Changes
Facts and information provided by BMO InvestorLine are believed
to be accurate when placed on the web site. Changes may be made
at any time to the information at this web site without prior notice.
Please consult any branch of BMO InvestorLine in your jurisdiction for
complete and up-to-date information on products and services.
Calculators
Calculations or projections are provided for general illustrative
purposes only and are not warranted to be accurate or complete.
Software Backup
While every effort is made to ensure that all software provided
at this web site, or as a link from this web site, is suitable for
use on a wide variety of computer systems, you should take reasonable
and appropriate precautions to scan for computer viruses, and ensure
compatibility of the software with your specific computer system.
You should also ensure that you have a complete and current backup
of the information contained on your computer system prior to installing
such software.
Hyperlinks are Not Endorsements
Links to other web sites or references to products, services or
publications other than those of BMO InvestorLine at this web site
do not imply the endorsement or approval of such web sites, products,
services or publications by BMO InvestorLine.
Protecting Your Confidentiality
In any business, privacy of personal information is desirable;
in financial services, it is essential. At BMO InvestorLine Inc.,
hereafter known as "BMO InvestorLine", we value your privacy on
the Internet and think you do too, and we feel you should know:
- how we protect your information
- how we use the information that you provide to us during Personal
Page registration, and
- how you can opt-out, update or delete your Personal Page information
from our database.
How we protect your information
When you sign into your BMO InvestorLine
account your financial transactions and your Retirement Planner
session are protected by 128-bit encryption. When you create a
Personal Page or sign into your Personal Page your session is
protected by 40-bit or 128-bit encryption, depending on the type of
browser you are using.
Encryption is a means of scrambling information
for transmission, in this case, between your PC and BMO Bank of
Montreal's computing systems. Information that is encrypted at one
end is decrypted (decoded) upon receipt at the other end.
128-bit encryption is the strongest, most
secure form of encryption that is generally available in Internet
browsers on the market in North America today. BMO InvestorLine
and BMO Bank of Montreal require that our clients use 128-bit encryption
when conducting financial transactions over the Internet. We also
recommend the use of 128-bit encryption for all non-financial transactions
over the Internet, e.g. the use of the Personal Page section on
our web site.
How we use the information that you provide to us
Information you provide during the registration process for the
Personal Page of our web site is collected and stored by BMO InvestorLine.
The information you provide may be used:
- To give us information that may be helpful in determining appropriate
new features, content or services
- To contact you, from time-to-time, to offer products and services
from BMO InvestorLine that we feel you may be of interest to you.
How you can opt-out, update or delete your information from our
database
If at the time of registration for the Personal Page, you had
indicated that you would like us to send you updates on site developments
or on new products and services, BMO InvestorLine may send you
these
updates by email or mail. If you decide at any time that you do
not want to receive these updates or if you want us to delete your
information from the Personal Page, simply call us at 1-888-776-6886
during our business hours from 8:00 a.m. - 8:00
p.m. ET, Monday to Friday.
If you have any questions or concerns about how we protect your
confidentiality, feel free to email us.
In addition, BMO InvestorLine also abides by BMO Bank of Montreal's
Privacy
Code.
Use of Cookies
Certain pages in our web site make use of “cookies”.
A cookie is a small text file that is placed on your computer’s
hard drive by a web site, in this case BMO InvestorLine’s
web site. Cookies are useful because they are stored and can be
read back by the web site that placed the cookie. The web site
can then present web pages that you have personalized with information
that you want to see. For example, if you have ever signed up for
a “stock watch list” on the Internet, the information
is likely being presented by the use of a cookie.
Cookies hold unique, but very limited information. A cookie cannot
retrieve any other data from your hard drive, pass on computer
viruses, or collect personally identifiable information to determine
who you are, or capture your email address. The use of cookies
is very common – you’ll find them almost everywhere
on the Internet.
BMO InvestorLine's use of cookies
BMO InvestorLine uses cookies in a number of locations. For example,
cookies are used to allow you to save your search results when
you use our stock screening tools. Additionally, we may use pixel
tags (also known as clear gifs) and cookies in promotional email
messages and online advertising. These tools allow us to measure
the effectiveness of our advertising and promotional campaigns.
You may determine if and how a cookie will be accepted by your
computer by choosing specific “preferences” or “options” in
your computer’s browser. However, please note that cookies
must be enabled in order to use certain features within the BMO
InvestorLine web site.
For more information about cookies please
visit:
Microsoft
Netscape
Trademarks
Belonging to BMO InvestorLine, BMO Bank of Montreal or Other Entities
Certain names, graphics, logos, icons,
designs, words, titles or phrases at this web site may constitute
trade names, trademarks or service marks of BMO InvestorLine, BMO
Bank of Montreal or other entities. Trademarks may be registered
in Canada and in other countries as applicable. The display of trademarks
on pages at this web site does not imply that a license of any kind
has been granted. Any unauthorized downloading, re-transmission
or other copying or modification of trademarks and/or the contents
herein may be a violation of federal or common law, trademark and/or
copyright laws and could subject the copier to legal action.
TM -- BMO InvestorLine 5 Star Program, Intuition, Instabank
EXTRA are trademarks of Bank of Montreal.
® -- BMO (M-bar roundel symbol), First
Canadian, FirstBank, FirstBank Card, FundFinder, Instabank, InvestorLine,
AccountLink, FundSolutions are registered trademarks of Bank of Montreal.
®* -- Bank of Montreal is a licensed
user of the registered trademark and design owned by MasterCard
International Inc., the INTERAC trademark of Interac Inc., and the
Cirrus trademark of Cirrus System, Inc.
®†* -- Netscape, Netscape Navigator,
Netscape ONE, and the Netscape N and Ship's Wheel logos are registered
trademarks of Netscape Communications Corporation in the United
States and other countries.
TM†* -- Netscape Communicator
is also trademark of Netscape Communications Corporation, which
may be registered in other countries.
®† -- Microsoft, Windows, Windows NT,
MSN, The Microsoft Network and/or other Microsoft products are either
trademarks or registered trademarks of Microsoft.
®** -- Apple, Mac, and Macintosh are
trademarks of Apple Computer, Inc., registered in the U.S. and other
countries.
Copyright BMO InvestorLine 2006
BMO InvestorLine either owns the intellectual
property rights in the underlying HTML, text, images, audio clips,
video clips, software and other content that is made available to
you on our web site, or has obtained the permission of the owner
of the intellectual property in such content to use the content
on our web site. You acknowledge that all information made available to you on our web site is proprietary to BMO InvestorLine or to the appropriate information supplier and is protected by copyright law and other applicable intellectual property laws.
BMO InvestorLine grants to you its
limited permission to display on your computer, print, download
and use the underlying HTML, text, images, audio clips, video clips,
software and other content that is made available to you on our
web site, for non-commercial, personal, or educational purposes
only, provided that:
- you do not modify any such content,
and
- you include with and display on
each copy of such content the associated copyright notice and
this intellectual property notice.
No other use is permitted. Without
limiting the generality of the foregoing, you may not:
- make any commercial use of such
content;
- use or permit anyone else to use such content for any unlawful or unauthorized purpose;
- include such content in or with
any product that you create or distribute; or
- copy such content onto your or any
other persons web page.
- authorize or permit such content be reused or retransmitted without prior written approval of the source of such information or software.
Notwithstanding the above, nothing
contained in this Section shall be construed as conferring any right
or licence under any copyright of BMO InvestorLine or any other
person who owns the copyright in content provided on our web site.
Copyright © 2006 BMO InvestorLine
Inc. All rights reserved.
Important Information About Alerts
The BMO InvestorLine
Alerts service is a free computer online service that provides notifications
to users of various customizable events, such as stock and news
information ("Alerts").
By signing up
to receive Alerts you acknowledge that you are aware of and agree
to abide by the following terms and conditions:
Privacy &
Security
Alerts are 'e-mails' sent over the Internet and through wireless
networks that are not encrypted. As Alerts are sent unencrypted
it is possible that they may be viewed by others.
Special Warning
Regarding Financial Matters.
Prior to the execution of a trade or other transaction based on
information contained in Alerts, you should verify the information
provided in the Alerts.
Delivery
Capability
It is your responsibility to determine if your service provider
supports text messaging and your device is capable of receiving
text messages.
Network Provider
Fees
You are responsible for any and all fees imposed by your internet
and/or cellular phone service provider.
No Guarantee
of Delivery
We neither guarantee the delivery nor the accuracy of the contents
of Alerts. Alerts may be delayed or prevented from being received
by factors affecting your cellular phone service provider, internet
service provider and other factors outside our control.
Release and
Indemnity
YOU AGREE NOT TO HOLD BMO INVESTORLINE RESPONSIBLE FOR ANY LOSSES
OCCURRING FROM USE, OR FAILURE OF, THIS SERVICE. BMO INVESTORLINE
PROVIDES ALERTS AS A CONVENIENCE TO YOU ON AN "AS IS"
AND "AS AVAILABLE" BASIS FOR INFORMATION PURPOSES ONLY,
AND DOES NOT MAKE ANY WARRANTY AS TO THE RELIABILITY, ACCURACY OR
TIMELINESS OF ALERTS, OR THAT ALERTS WILL BE PROVIDED UNINTERRUPTED
OR ERROR-FREE.
BMO INVESTORLINE
SHALL NOT BE LIABLE, FOR ANY ERRORS, INACCURACIES, OMISSIONS, OR
OTHER DEFECTS IN, OR UNTIMELINESS OF ALERTS, OR FOR ANY DELAY OR
INTERRUPTION IN THE TRANSMISSION TO YOU, OR FOR ANY CLAIMS OR LOSSES
ARISING THEREFROM OR OCCASIONED THEREBY. YOU AGREE TO INDEMNIFY
AND HOLD BMO INVESTORLINE, AND ITS SUBSIDIARIES, AFFILIATES, OFFICERS,
AGENTS, AND EMPLOYEES, HARMLESS FROM ANY CLAIM OR DEMAND, INCLUDING
REASONABLE ATTORNEYS' FEES, MADE BY ANY PARTY DUE TO OR ARISING
OUT OF YOUR USE OF ALERTS.
Important Legal Notices on Mutual Funds Online and Mutual Fund Investing:
- Past performance is not an indication of future returns.
Mutual Fund unit/share values, yields and investment returns will
fluctuate. The performance of a mutual fund over any previous
period is not a guarantee of future results. The principal value
and the unit/share price will fluctuate with changes in the market
conditions. Your original investment may be worth more or less
than your cost when you redeem the units/shares.
- Read the prospectus of the fund you are buying. A prospectus
must be sent to you when you make your first purchase of any fund.
The simplified prospectus contains important information such
as the fund's objectives, strategies, risks and expenses charged
to the fund by the fund manager. It is important to read the prospectus
carefully before you invest to ensure that the fund's goals and
potential risks are consistent with your own. Mutual Fund investment
units/shares are not insured by the Canada Deposit Insurance Corporation
or the Régie de l'Assurance-dépôts du Québec or by Bank of Montreal.
- Reliability of information. BMO InvestorLine's Mutual Funds
Online service is provided for information purposes only. It is not
intended to provide legal, investment, accounting or tax advice, and
should not be relied upon in that regard. If you require legal or investment
advice, please obtain the services of a competent professional. While
the information supplied by Morningstar Canada and Chand Carmichael
& Company are deemed to be reliable, BMO InvestorLine has not independently
verified any such data and does not guarantee its accuracy or suitability
for any purpose. Morningstar Ratings are provided by and are the sole
responsibility of Morningstar Canada.
- Tax Implications. As a mutual fund investor, you may
receive taxable distributions from your mutual funds. These taxes
can affect the actual returns you may realize from your investment.
We at BMO InvestorLine do not offer tax advice except to say that
you should consider the impact of taxes before you invest. Please
consult your tax advisor with any questions you may have in this
regard.
- Sale Charges, Fees, and Performance. BMO InvestorLine
is not responsible for any information relating to the investment
performance of a mutual fund such as ratings, rankings, quotations,
analysis on rates of returns, volatility or any other measurement
of performance as presented. Management fees charged to any mutual
fund will vary according to the fund and the fund manager. While
performance data usually reflects the fees charged to the fund,
some managers may waive a portion of their fees over a period
of time. This waiver would have the effect of increasing the fund's
reported returns and should be considered when evaluating the
fund's performance.
- Fund Registration. Not all mutual funds are registered
for sale in all provinces. Any communication relating to mutual
funds does not constitute an offer or solicitation by anyone
in any jurisdiction in which such an offer or solicitation is
not
authorized or to any person to whom it is unlawful to make such
an offer or solicitation. Prospective investors who are not resident
in Canada should consult with their financial advisor to determine
if these securities may lawfully be sold in their jurisdiction.
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InSite Newsletter
InSite is published quarterly by BMO InvestorLine
Inc., and is distributed with BMO InvestorLine account statements.
To tell us your story or to request additional copies of this issue,
please
send an email to: insite@bmoinvestorline.com.
To view past issues of the newsletter, visit the Education
Centre.
Please send comments and suggestions to insite@bmoinvestorline.com
or mail to: The Editor, BMO InvestorLine InSite, First Canadian Place,
100 King St. W., 54th Floor, Toronto, ON M5X 1H3.
The articles in this newsletter are prepared as a general
source of information. They are not intended to provide legal, investment,
accounting or tax advice, and should not be relied upon in that regard.
If legal or investment advice, or other professional assistance is needed,
the service of a competent professional should be obtained. The information
contained in this newsletter is based on sources believed to be reliable,
but its accuracy cannot be guaranteed. The views expressed and information
provided in the articles are attributable solely to the authors.
Commissions, trailing commissions, management fees and
expenses may be associated with mutual fund investments. Please read
the prospectus of the mutual funds before investing, including the mutual
funds in the model portfolios. Mutual funds are not guaranteed, their
values change frequently and past performance may not be repeated. The
indicated rates of return are the historical annual compounded total
returns, including changes in unit value and reinvestment of all distributions,
and do not take into account sales, redemption, distribution, or other
charges or income taxes that may have reduced returns.
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BMO InvestorLine Internet and Automated Telephone Trading Agreement
(for clients only)
IN CONSIDERATION of BMO InvestorLine Inc. providing the Investor
with BMO InvestorLine Internet Trading/Automated Telephone Trading
Services, the Customer and BMO InvestorLine Inc., on its own behalf,
and as trustee for its directors, officers, employees and agents
agree as follows:
- Definition of terms - In this Agreement:
- "Access Device" means any device, such as a telephone, cellular
phone, portable phone, personal computer, intelligent terminal
or similar device, that the Customer uses to access the Services.
- "Account" means the Customer’s BMO InvestorLine account
with BMO InvestorLine Inc. that operates under the terms and
conditions of the existing BMO InvestorLine Account Application
signed by the Customer.
- "Password" means the personal password selected by the Customer
for access to the Services using the Access Device.
- "Information" has the meaning set out is section 6 below.
- "Security" means stocks, options or other securities or
investments.
- "Services" means the BMO InvestorLine Internet Trading and
Automated Telephone Trading services and the information,
documents, software and content thereof.
- "Trade Request" means any buy, sell or short sell trade
request that is created and transmitted for Securities to
the BMO InvestorLine Inc. trading desk using the Services.
- Use of Password
- The Customer agrees not to disclose the Password to any
person and keep it separate from instructions about the Services.
The Customer agrees to be responsible for all costs and charges,
including fees and trade settlement costs, incurred through
use of the Password. If the Customer becomes aware of any
unauthorized use of the Password or if the Password is lost
or stolen, the Customer will notify BMO InvestorLine Inc.
immediately by telephoning 1-888-776-6886
during our business hours from 8:00 a.m. - 8:00 p.m. ET,
Monday to Friday. The Customer shall avoid selecting an
obvious Password, such as a street
address,
date of birth or telephone number. The Customer shall change
the Password on a regular basis to reduce the potential for
unauthorized use.
- Once the Customer has entered the Password into the Access
Device, the Customer agrees not to leave the Access Device
unattended until all Trade Requests are completed and the
Customer has terminated the Service connection through the
Access Device.
- Trade Request Processing
The Customer hereby authorizes BMO InvestorLine Inc. to accept,
transact and execute any Trade Request for the Account and agrees
to be solely responsible for the accuracy of any instruction
communicated to BMO InvestorLine Inc. using the Services. The
Customer agrees that all Trade Requests will only be processed,
if in BMO InvestorLine Inc.’s sole discretion, the Customer’s
Account is in good order, the Customer has sufficient funds
or buying power to complete the Trade Request. In certain circumstances,
BMO InvestorLine Inc. may request additional confirmation of
a Trade Request before execution of the Trade Request. The Customer
agrees to provide to BMO InvestorLine Inc. a current telephone
number at which the Customer may be reached to discuss any Trade
Request. This telephone number shall be kept up to date with
BMO InvestorLine Inc. The Customer may telephone BMO InvestorLine
Inc. at any time to determine the status of prior Trade Requests
entered using an Access Device.
- Subsequent Changes to Trade Requests
The Customer may only enter a subsequent change to a previously
sent Trade Request by using the Services and only if the original
Trade Request has not yet been executed. BMO InvestorLine Inc.
agrees to act with respect to such subsequent change requests
only on a best efforts basis.
- Liability Limitations
- BMO InvestorLine Inc. may, in its discretion, act in all
matters on instructions given or purporting to be given by
or on behalf of the Customer by a Trade Request using the
Services. BMO InvestorLine Inc. shall not incur any liability
by reason of acting or not acting on or because of any error
in any such Trade Request submitted by the Customer.
- The Customer agrees that BMO InvestorLine Inc. will not
be liable for any loss or damage resulting from any cause
over which BMO InvestorLine Inc. has no control including,
but not limited to, acts or omissions of suppliers, failure
of electronic or mechanical equipment or communications lines,
telephone or other inter-connect problems, unauthorized access,
theft, power failure, labour disputes or government intervention.
- BMO InvestorLine Inc. warrants that all Services rendered
pursuant to the Agreement shall be performed in a good and
workmanlike manner and in accordance with industry standards
and practices reasonably applicable to the performance of
the Services. BMO InvestorLine Inc. shall reperform any Services
not in compliance with these warranties, provided such non-compliance
is brought to its attention within 30 days after those Services
were performed.
- In no event will BMO InvestorLine Inc. be liable for any
special, indirect, incidental or consequential damages, including,
without limitation, lost revenues, lost profits or loss of
prospective economic advantage resulting from the use of the
Services or misuse of BMO InvestorLine Inc.’s web site even
if advised of the possibility of such damages, or for any
claim by another party.
- Information Sources
Information, including news and information supplied by third
parties, provided through the Services (collectively "Information"),
has been obtained from various information suppliers through
sources believed to be reliable. BMO InvestorLine Inc. does
not warrant the timeliness, sequence, accuracy or completeness
of any Securities, market data or other Information provided
through the use of Services. The Customer acknowledges that
the Information may include views, opinions, and recommendations
of individuals or organizations that may be of interest to investors
generally, but that BMO InvestorLine Inc. and its Information
suppliers do not endorse such views or opinions, or give investment,
tax, accounting or legal advice, or recommend the purchase or
sale of any Security.
- Proprietary Rights
The Customer acknowledges that all Information conveyed through
the Services is proprietary to BMO InvestorLine Inc. or to the
appropriate information supplier and is protected by copyright
law and other applicable intellectual property laws. The Customer
may store the Information in the memory of the Access Device.
The Information may also be printed and displayed for the Customer’s
personal and non-commercial use. The Customer agrees not to
reproduce, retransmit, disseminate, sell, distribute, publish,
broadcast, circulate or otherwise commercially exploit the Information
without the express written consent of BMO InvestorLine Inc.
and the appropriate Information supplier.
- Confidentiality
Confidentiality and security of Customer Trade Requests over
the Internet are provided through the implementation of a 128
bit Secure Sockets Layer ("SSL") encryption security feature;
the most secure encryption possible at this time. Further, the
Customer’s Account cannot be accessed without web browser software
that uses 128 bit SSL encryption.
- Available Only Where Permitted By Law
The Services are only available in jurisdictions where they
may legally be offered.
- Hyperlinks Are Not Endorsements
Links to other web sites or references to products, services
or publications other than those of BMO InvestorLine Inc. at
its web site do not imply the endorsement or approval by BMO
InvestorLine Inc. of such web sites or such products, services
or publications.
- General Provisions
- The Customer agrees and acknowledges that BMO InvestorLine
Inc. may modify or discontinue the Services or any part of
them at any time. The Customer also acknowledges that the
Services may be periodically unavailable to allow for systems
maintenance and updates.
- This Agreement shall be binding upon the respective successors
and assigns of the parties hereto. The Customer agrees that
the rights or obligations described in this Agreement may
not be assigned without the express written consent of BMO
InvestorLine Inc.
- This Agreement is in addition to and not in substitution
for any other agreements between the Customer and BMO InvestorLine
Inc., including any agreement relating to the Customer’s Account
or the Services. This Agreement shall prevail in the event
of any inconsistency between this Agreement and other agreements
between the Customer and BMO InvestorLine Inc. in connection
with the Services.
- The conditions, rules and regulations set forth in any manuals,
materials, documents or instructions relating to this Agreement
sent to the Customer form part of this Agreement.
- If any provision or condition of this Agreement is held
to be invalid or unenforceable, such invalidity or unenforceability
shall attach only to such provision or condition. The validity
of the remainder of this Agreement shall not be affected and
this Agreement shall be carried out as if such invalid or
unenforceable provision were not contained herein.
- This Agreement shall be governed by and construed in accordance
with the laws of the jurisdiction of the BMO InvestorLine
Inc. office that services the Customer’s Account.
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BMO InvestorLine’s Statement of Policies
December 2005
The securities laws of certain provinces of Canada require
securities dealers and advisers, when they trade in or advise
with respect to their own securities or securities of certain
other issuers to which they, or certain other parties related
to them, are related or connected, to do so only in accordance
with particular disclosure and other rules. In certain Provinces
or Territories, these rules require dealers and advisers, prior
to trading with or advising their clients or customers, to inform
them of the relevant relationships and connections with the issuer
of the securities. Clients and customers should refer to the
applicable laws for the particulars of these rules and their
rights, or should consult with a legal adviser.
BMO InvestorLine Inc. is a wholly-owned subsidiary of Bank
of Montreal (the ’Bank’).
The Bank is a reporting issuer under applicable securities
laws and is a related issuer of BMO InvestorLine Inc. and, in the
course of a distribution, would be a connected issuer of BMO InvestorLine
Inc. under such laws.
Each of the mutual funds (collectively, the ’Funds’)
in the BMO Mutual Funds group of funds, managed and distributed
by BMO Investments Inc., an indirect subsidiary of the Bank; and
in each of the mutual funds the BMO Nesbitt Burns group of funds,
managed and distributed by BMO Nesbitt Burns Inc.; and each of
the mutual funds in the GGOF Guardian Group of Funds, managed and
distributed by Guardian Group of Funds Ltd., an indirect subsidiary
of the Bank, and each of the mutual funds in the BMO Harris Private
Portfolios managed by BMO Harris Investment Management Inc., an
indirect subsidiary of the Bank and distributed by BMO Investments
Inc., are reporting issuers and may be related issuers and, in
the course of a distribution may be connected issuers, of BMO InvestorLine
Inc. Jones Heward Investment Counsel Inc., wholly-owned subsidiary
of BMO Harris Investment Management Inc., is the portfolio advisor
to certain of the mutual funds referred to herein. As well, BMO
Nesbitt Burns Inc., indirectly owns more than 20% of the voting
shares of each of certain split share companies whose only undertaking
is to invest the net proceeds raised from a distribution of its
non-voting shares to the public by way of prospectus into shares
of issuers identified in such prospectus, which companies currently
include Can-Banc NT Corp., Pipe NT Corp., Integrated Oil NT Corp.,
and Canadian Financial Services NT Corp., Cyclical Split NT Corp.,
CRS Preferred NT Ltd., and Leed NT Corp. and may include other
similar investment vehicles from time to time.
General
Under certain circumstances, BMO InvestorLine Inc. may deal
with you or for you in securities transactions where the issuer
of the securities or the other party to the transaction is BMO
InvestorLine Inc. or a party having an ownership or business relationship
with BMO InvestorLine Inc.
Since these transactions may create a conflict between BMO
InvestorLine Inc.’s interest and yours, BMO InvestorLine
Inc. is required by securities law to disclose to you certain relevant
matters relating to the transactions.
This statement contains a general description of the required
disclosure. For residents of British Columbia, a complete statement
of the rules is set out in division 11 of part 5 of the British
Columbia securities rules.
Important Concepts
'Related Party'– a party is
related to BMO InvestorLine Inc. if the party is an influential
securityholder of BMO InvestorLine Inc., or if BMO InvestorLine
Inc. is an influential securityholder of the party, or if each
of them is a related party of the same third party.
'Connected Party'– a
party is connected to BMO InvestorLine Inc. if a reasonable prospective
purchaser of the securities of the Connected Party might question
the Connected Party’s independence from any of the following
persons or companies: BMO InvestorLine Inc., a related party to
BMO InvestorLine Inc., a director or officer of BMO InvestorLine
Inc. or a director or officer of a related party to BMO InvestorLine
Inc.
'Associated Party' – an
associated party to BMO InvestorLine Inc. is a party in which BMO
InvestorLine Inc. beneficially owns, directly or indirectly, securities
carrying more than 10 (ten) per cent of the voting rights of the
party, or any trust in which BMO InvestorLine Inc. has a substantial
beneficial interest or to which BMO InvestorLine Inc. serves as
trustee, or another party in a close relationship with BMO InvestorLine
Inc. such as one of BMO InvestorLine Inc.’s salespeople,
directors or officers.
Required Disclosure
BMO InvestorLine Inc. must make certain disclosures where
BMO InvestorLine Inc. acts as your broker with respect to securities
issued by BMO InvestorLine Inc. or by a related party or, in the
course of an initial distribution, by a connected party. In these
situations, BMO InvestorLine Inc. must disclose either its relationship
with the issuer of the securities, or that BMO InvestorLine Inc.
is the issuer. BMO InvestorLine Inc. must also make disclosure
to you where BMO InvestorLine Inc. knows or should know that, if
as a result of BMO InvestorLine Inc. acting as your broker, securities
will be purchased from or sold to BMO InvestorLine Inc., an associated
party or, in the course of an initial distribution, a connected
party.
The following is a list of the time and manner in which these
disclosures must be made:
Where BMO InvestorLine Inc. buys or sells securities for
your account, the required disclosure will be contained in the
confirmation of trade and monthly statement which BMO InvestorLine
Inc. prepares and sends to you. In carrying on business as a securities
dealer, BMO InvestorLine Inc. may from time to time engage in the
following activities in respect of securities of the Bank or other
related issuers of BMO InvestorLine Inc. and, in the course of
a distribution, of securities of the Bank and other connected issuers
of BMO InvestorLine Inc.:
- act as a selling group member in connection with a distribution
of such securities;
- sell such securities with or on behalf of customers of BMO
InvestorLine Inc.;
- purchase such securities from or on behalf of customers of
BMO InvestorLine Inc.;
- offer for sale securities, goods and services which include
securities, goods or services issued or provided by the Bank
or another related issuer or the Funds or cooperate with the
Bank or another related issuer or the Funds in the joint offering
for sale or the sale of securities, and goods or services.
It is the policy of BMO InvestorLine Inc., as a dealer restricted
to discount brokerage, to refrain from:
- acting as underwriter;
- acting as an adviser; or
- exercising discretion on your behalf with respect to securities
of related or connected issuers or any other securities.
It is the policy of BMO InvestorLine Inc. to comply fully with
all applicable securities legislation laws and to make all required
disclosure in acting as a dealer in respect of securities of the
Bank, the Funds and other related issuers or connected issuers
of BMO InvestorLine Inc.
Bank of Montreal Guarantee
Bank of Montreal guarantees all the liabilities of BMO InvestorLine
Inc.
Confidentiality and Conflict of Interest
Confidentiality of client information
is a fundamental principle of BMO InvestorLine Inc. No employee
may release confidential client information unless required by
law or with the client’s consent. The misuse of confidential
information or misuse of any inside information not generally disclosed
is prohibited and grounds for immediate dismissal of an employee.
To maintain public confidence and respect, BMO InvestorLine Inc.
is vigilant in identifying potential conflicts of interest and
opportunities for self-dealing that may arise in the conduct of
its business.
Revision or Amendment
Revisions or amendments to this Statement of Policies will be
provided to each client. The Statement of Policies is updated regularly
to reflect changes in the related and connected issuer list and
other updates. For the most recent version of the Statement of
Policies, please refer to the date indicated on the Client Account
Agreement or sign into your account online at bmoinvestorline.com
to access the Client Account Agreement. In addition, you will
be notified of amendments to the related and connected issuer list
in your account statements when appropriate. You should be referring
to the most recently dated Statement of Policies.
Statement of Disclosure
- BMO InvestorLine Inc. is subsidiary of Bank of Montreal
but is a separate corporate entity.
- Clients' accounts at BMO InvestorLine Inc. are covered
by the Canadian Investor Protection Fund up to prescribed limits.
Cash in BMO InvestorLine accounts with AccountLink service is
held in a Bank deposit account not protected by the Canadian
Investor Protection Fund.
- Unless specifically informed to the contrary by BMO
InvestorLine Inc., with respect to a particular security:
(a) Securities sold by BMO InvestorLine Inc., are not insured
by Canada Deposit Insurance Corporation or by any other government
deposit insurer;
(b) Securities sold by BMO InvestorLine Inc. are not guaranteed
by the Bank of Montreal;
(c) Values of securities sold by BMO InvestorLine Inc. are
subject to market fluctuations.
Disclosure of Related Registrants
Securities legislation requires a securities dealer or advisor
to advise its clients if it has a principal shareholder, officer,
partner or director that is also a principal shareholder, officer,
partner or director of another registrant under such legislation
and to describe the policies and procedures adopted to minimize
the potential for conflicts resulting from these relationships.
As used herein, “principal shareholder” means a person
or company that is the direct or indirect registered or beneficial
owner of more than 10% of any class or series of voting securities
of the person or company.
In addition to being the principal shareholder of BMO InvestorLine
Inc., the Bank of Montreal is the principal shareholder of the
following registrants: BMO Nesbitt Burns Inc., BMO Nesbitt Burns
Ltée/Ltd., BMO Investments Inc., BMO Harris Investment Management
Inc., Jones Heward Investment Counsel Inc., Guardian Group of Funds
Ltd., BMO Capital Corporation, Harris Nesbitt Corporation, and
HIM Monegy Inc. Certain directors and officers of BMO InvestorLine
Inc. are also directors and officers of BMO Nesbitt Burns Inc.,
BMO Nesbitt Burns Ltée/Ltd., BMO Investments Inc., BMO Harris
Investment Management Inc., and Jones Heward Investment Counsel
Inc.
Trade execution and certain accounting and system support
functions for client accounts with BMO InvestorLine Inc. are contracted
to BMO Nesbitt Burns Inc. BMO InvestorLine Inc. may also obtain
from or provide to the Bank of Montreal, BMO Nesbitt Burns Inc.,
BMO Nesbitt Burns Ltée/Ltd., BMO Investments Inc., Jones
Heward Investment Counsel Inc. and BMO Harris Investment Management
Inc. other management, administrative, referral and/or other services
in connection with its ongoing business activities or the ongoing
business activities of these other companies or transactions completed
by it or by these other companies. These relationships are subject
to certain legislative and industry regulatory requirements which
impose restrictions on dealings between related registrants intended
to minimize the potential for conflict of interest resulting from
these relationships. BMO InvestorLine Inc. has adopted internal
policies and procedures which supplement these requirements, including
its policies on confidentiality of information.
™ Trade mark of Bank of Montreal.
® Registered trade mark of Bank of Montreal.
Questions or Concerns
If you have a question or problem about any service or fee, we
will be please to hear from you, you can:
- Contact
your local BMO InvestorLine office.
If you still cannot resolve a specific problem, you can write to:
President
BMO InvestorLine Inc.
P.O. Box 1, First Canadian Place
Toronto, Ontario
M5X 1A1
OR
Vice-Chairman
Private Client Group
P.O. Box 1, First Canadian Place
Toronto, Ontario
M5X 1A1
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