Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - AMERIPRISE CERTIFICATE CO | acc-063015.htm |
| EX-31.1 - EXHIBIT 31.1 - AMERIPRISE CERTIFICATE CO | acc-ex311x063015.htm |
| EX-32.1 - EXHIBIT 32.1 - AMERIPRISE CERTIFICATE CO | acc-ex321x063015.htm |
| EX-31.2 - EXHIBIT 31.2 - AMERIPRISE CERTIFICATE CO | acc-ex312x063015.htm |
THIRD AMENDMENT
TO
DISTRIBUTION AGREEMENT
This Third Amendment to the Distribution Agreement, dated as of May 8, 2015 (the “Amendment”), is between Ameriprise Certificate Company (the “Company”) and Ameriprise Financial Services, Inc. (“AMPF”), and amends the Distribution Agreement, dated as of December 31, 2006 and amended as of May 15, 2012 and September 19, 2014 (the “Agreement”), between the Company and AMPF.
WITNESSETH:
WHEREAS, the Company and AMPF are parties to the Agreement; and
WHEREAS, the Company and AMPF desire to amend the terms of the Agreement as set forth herein.
NOW, THEREFORE, the parties hereby agree as follows:
(1) | Schedule A of the agreement is hereby deleted in its entirety and replaced with the attached Schedule A. |
(2) | This Amendment may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an original but all of which taken together will constitute one and the same instrument. |
(3) | Except to the extent amended hereby, the Agreement shall remain in full force and effect. |
IN WITNESS WHEREOF the parties have executed this Amendment as of the date first written above.
AMERIPRISE CERTIFICATE COMPANY
By: /s/ Abu M. Arif
Name: Abu M. Arif
Title: President and Chief Executive Officer
AMERIPRISE FINANCIAL SERVICES, INC.
By: /s/ Frank McCarthy
Name: Frank McCarthy
Title: Senior Vice President
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Schedule A
Effective May 8, 2015
Company shall pay AMPF and AMPF accepts in full payment of its services under this Agreement, distribution fees in accordance with the following schedule:
For Ameriprise Cash Reserve Certificate:
• | 0.03% of the initial payment on the issue date of the certificate; and |
• | 0.03% of the certificate’s reserve at the beginning of the second and subsequent quarters from issue date. |
For Ameriprise Flexible Savings Certificate:
• | For all terms except 7 and 13 months, 0.08% of the initial payment on the issue date of the certificate; |
• | For all terms except 7 and 13 month, 0.08% of the certificate’s reserve at the beginning of the second and subsequent quarters from issue date; |
• | For 7 month terms, 0.08% of the initial payment on the issue date of the certificate, 0.08% of the certificate’s reserve at the beginning of the second quarter from issue date of the certificate and 0.027% of the certificate’s reserve at the beginning of the last month of the certificate term; and |
• | For 13 month terms, 0.032% of the initial payment on the issue date of the certificate, 0.032% of the certificate’s reserve at the beginning of the second, third and fourth quarters from issue date and 0.011% at the beginning of the last month of the certificate term. |
For Ameriprise Installment Certificate:
• | 0.50% of all payments. This fee is paid on all payments received on or after issue of the certificate until the certificate’s maturity date. |
For Ameriprise Market Strategy Certificate:
• | 0.50% of the initial investment on the first day of the certificate’s term; and |
• | 0.50% of the certificate’s reserve at the beginning of each subsequent term. |
For Ameriprise Stock Market Certificate:
• | For 1 year terms, 0.50% of the initial investment on the first day of the certificate’s term and 0.50% of the certificate’s reserve at the beginning of each subsequent term. |
• | For 2 year terms, 1.00% of the initial investment on the first day of the certificate’s term and 1.00% of the certificate’s reserve at the beginning of each subsequent term. |
• | For 3 year terms, 1.50% of the initial investment on the first day of the certificate’s term and 1.50% of the certificate’s reserve at the beginning of each subsequent term. |
For Ameriprise Step-Up Rate Certificate
• | 0.075% of the initial investment on the issue date of the certificate; and |
• | 0.075% of the certificate’s reserve at the beginning of the second and subsequent quarters from issue date. |
Upon approval by a majority of the Company’s Independent Directors, the Company may pay AMPF additional compensation for distribution activities.
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