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Protecting Your Exchange Funds

Protecting Your Exchange Funds:

Client Protection

The safety and security of your exchange funds is our main priority. Cascade Exchange Services, Inc. (CES) maintains segregated, interest-bearing accounts for the benefit of each taxpayer. Exchange funds are never commingled or pooled with any other client’s exchange funds, and the exchangor receives all interest accrued on a deposit at a fixed interest rate. For your protection, all disbursements from the account require client authorization.

The segregated account is associated with the taxpayers tax identification number, and as such, a signed W-9 and valid identification are required to set up each account. All accounts are FDIC insured up to $250,000, and through December, 2012, the taxpayer has the option of investing their funds in a non-interest bearing account that is fully insured by the FDIC.

CES is covered by a Fidelity Bond and Errors and Omissions Insurance for the benefit of our clients.

For a copy of CES’ Fidelity Bond, please click here:

Cascade Exchange Services, Inc. Fidelity Bond  pdf-icon

For a copy of CES’ Errors and Omissions Insurance, please click here:

Cascade Exchange Services, Inc. Errors and Omissions Insurance  pdf-icon

WASHINGTON STATE LAW, RCW 19.310.040, REQUIRES AN EXCHANGE FACILITATOR TO EITHER MAINTAIN A FIDELITY BOND IN AN AMOUNT OF NOT LESS THAN ONE MILLION DOLLARS THAT PROTECTS CLIENTS AGAINST LOSSES CAUSED BY CRIMINAL ACTS OF THE EXCHANGE FACILITATOR, OR TO HOLD ALL CLIENT FUNDS IN A QUALIFIED ESCROW ACCOUNT OR QUALIFIED TRUST THAT REQUIRES YOUR CONSENT FOR WITHDRAWALS. ALL EXCHANGE FUNDS MUST BE DEPOSITED IN A SEPARATELY IDENTIFIED ACCOUNT USING YOUR TAX IDENTIFICATION NUMBER. YOU MUST RECEIVE WRITTEN NOTIFICATION OF HOW YOUR EXCHANGE FUNDS HAVE BEEN DEPOSITED. YOUR EXCHANGE FACILITATOR IS REQUIRED TO PROVIDE YOU WITH WRITTEN DIRECTIONS OF HOW TO INDEPENDENTLY VERIFY THE DEPOSIT OF THE EXCHANGE FUNDS. EXCHANGE FACILITATION SERVICES ARE NOT REGULATED BY ANY AGENCY OF THE STATE OF WASHINGTON OR OF THE UNITED STATES GOVERNMENT. IT IS YOUR RESPONSIBILITY TO DETERMINE THAT YOUR EXCHANGE FUNDS WILL BE HELD IN A SAFE MANNER.

Locations

willamette
Eugene Main Office

811 Willamette St.
Eugene, OR 97401
Ph. 541-687-2233
Fax 541-485-0307
delta
Village Plaza Office

4750 Village Plaza Loop,
Ste 100
Eugene OR, 97401
Ph. 541-653-8622
Fax 541-844-1626
florence
Florence Office

715 Hwy. 101
Florence, OR 97439
Ph. 541-997-8417
Fax 541-997-8246

Locations

willamette
Eugene Main Office

811 Willamette St.
Eugene, OR 97401
Ph. 541-687-2233
delta
Village Plaza Office

4750 Village Plaza Lp., Ste 100
Eugene OR, 97401
florence
Florence Office

705 Hwy. 101
Florence, OR 97439
Ph. 541-997-8417
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