RBC Dominion Securities Inc.

Reading Your Futures Statement A guide for clients of RBC Dominion Securities At RBC Dominion Securities, we have been helping individual and corporate clients achieve their financial goals since 1901. Today, we are Canada’s leading provider of wealth management services, trusted by more than 400,000 clients globally.

In the area of /financial futures, we provide some of the most comprehensive services available from any investment firm in Canada, including professional advice and trade execution. Our Futures Risk Group provides access to leading commodity research advisors who provide insight on various commodity sectors and strategies.

This guide will detail each section of your futures statement, page by page, to help you understand how trade confirmations, gains/losses and monthly activity will be summarized in your statement. If you have any questions about your futures statement, please speak with your Futures Specialist today. Your Futures Statement

The first page of your Futures Statement identifies the portfolio, the time period covered in the statement and the name and contact information of your Futures Specialist.

Opening Account Balance Futures/Options Confirmations (1) The date of the trade (2) Long/buy activity This section shows the cash balance This section displays the confirmed (3) Short/sell activity in the account at the beginning of futures and options activities for the (4) Indicates total quantity (*) the trading period in the various time period of the statement. (5) Contract month currencies. (6) Product (7) Price (8) Commissions/Clearing/Exchange charges and other fees (most commonly include NFA, RBC Clearing, Give Up, Desk Execution and CDCC)

(9) Base currency of product

Salesman Account TST 44124849 Your Commodity Broker BILL AND MARY CUSTOMER YOUR IA NAME 123 MAIN ST TORONTO, ON TORONTO, ON M4M 4M4 416-123-4567

Salesman Account TST 44124849 Page Your1 Commodity Broker BILL AND MARY CUSTOMER YOUR IA NAME 123 MAIN ST Monthly Statemen t For: MAY 01, 2015 TORONTO,through MAYON 31, 2015 TORONTO, ON M4M 4M4 416-123-4567 ------O P E N I N G A C C O U N T B A L A N C E S ------CAN DOLLAR 0CR US DOLLAR 0CR Page 1 ------F UMonthly T U R EStatemen S / O Pt TFor: I O MAYN S 01, C2015 O N throughF I R M AMAY T I31, O N2015 S ------Date Long Short Contract/Description Strike Price Curr Amount ------O P E N I N G A C C O U N T B A L A N C E S ------1 2 3 5/19/15 1 JUN15 IMM B-PDS 1.530007 USD CAN DOLLAR 1* * 0CR USD US DOLLAR 0CR COMMISSION USD9 62.50DB* CLEARING8 USD 2.01DB* ------F U T U R E S / O P T I O N S C O N F I R M A T I O N S ------5/19/15 1 5JUN15 6IMM E-S&P 2100.00 USD Date Long 4 1* Short * Contract/Description Strike Price USD Curr Amount COMMISSION USD 62.50DB* 5/19/15 1 JUN15 IMM B-P DS CLEARING 1.53000 USD USD 1.42DB* 1* * USD 5/20/15 1 JUL15 CBT WHE AT P 4.850 COMMISSION .11 1/2 USDUSD 575.00DB 62.50DB* 1* * CLEARING Premium Paid USD USD 575.00DB* 2.01DB* EDAT:06/26/15, 5/19/15 1 JUN15 IMM E-S &P COMMISSION 2100.00 USD USD 125.00DB* 1* * CLEARING USD USD 4.72DB* COMMISSION USD 62.50DB* 5/20/15 1 JUN15 IMM E-S &P 2110.00 CLEARING USD USD 1.42DB* * 1* USD 5/20/15 1 JUL15 CBT WHE AT P 4.850 COMMISSION .11 1/2 USD USD 62.50DB* 575.00DB 1* * CLEARING Premium Paid USD USD 1.42DB*575.00DB* Recap of Confirm Activity EDAT:06/26/15, Total P&L COMMISSION On Confirmations USD USD 575.00DB 125.00DB* Commissions CLEARING On Confirmations USD USD 312.50DB 4.72DB* Fees On Confirmations USD 9.57DB 5/20/15 1 JUN15 IMM E-S &P Realized Futures 2110.00 On Confirmations USD USD 192.35DB * 1* Realized Options On Confirmations USDUSD 704.72DB Total Realized Futures COMMISSION On Confirmations CADUSD 239.38DB 62.50DB* Total Realized Options CLEARING On Confirmations CADUSD 877.02DB 1.42DB* Recap of Confirm Activity ------C O L L A T E R A L C O N TotalF I R P&LM A OnT IConfirmations O N S - - - - USD------575.00DB ------Commissions On Confirmations USD 312.50DB Par Value/ Fees On ConfirmationsREADING USD YOUR MONTHLY FUTURES9.57DB STATEMENT 3 Realized Futures On Confirmations USD 192.35DB Date Quantity Description Realized Options Rate On Confirmations Maturity USD Amount 704.72DB Total Realized Futures On Confirmations CAD 239.38DB TNOTE / USD / US T-NOTE Total Realized Options On Confirmations CAD 877.02DB 5/19/15 L 100,000.00CR USD T-NOTE 5/31/17 ------C O L LPur A chaseT E R CosA L C O N F I100,000.00DB R M A T I O N S ------*------Par- - Value/------R E A L I Z E D F U T U R E S G A I N S / L O S S E S ------Date Date Long Short Quantity Contract/Description Description Strike Price Rate Maturity Curr Amount Amount 5/19/15TNOTE / USD 1 / US T-NOTE JUN15 IMM E-S&P 2100.00 USD 5/20/15 5/19/15 L 100,000.00CR1 JUN15 USD T-NOTE IMM E-S &P 2110.00 5/31/17 USD 1* 1* Pur chase Cos 100,000.00DB P & S USD 500.00CR* * Profit Or Loss From Offset Trades USD 500.00CR ------R E A L I Z E D F U T U R E S G A I N S / L O S S E S ------C O N T I N U E D O N N E X T P A G E - - - - - Date Long Short Contract/Description Strike Price Curr Amount 5/19/15 1 JUN15 IMM E-S&P 2100.00 USD 5/20/15 1 JUN15 IMM E-S&P 2110.00 USD 1* 1* P & S USD 500.00CR* Profit Or Loss From Offset Trades USD 500.00CR - - - - - C O N T I N U E D O N N E X T P A G E - - - - - Salesman Account TST 44124849 Your Commodity Broker BILL AND MARY CUSTOMER YOUR IA NAME 123 MAIN ST TORONTO, ON TORONTO, ON M4M 4M4 416-123-4567

Page 1 Salesman Account TST 44124849 Monthly Statemen t For: MAY 01, 2015 Your through Commodity MAY Broker31, 2015 BILL AND MARY CUSTOMER YOUR IA NAME 123 MAIN ST TORONTO, ON - - - - -TORONTO, - - - - ON- - -M4M - -4M4 - - - - - O P E N I N G A C C O U N T 416-123-4567B A L A N C E S ------CAN DOLLAR 0CR US DOLLAR 0CR Recap of Confirm Activity for the Time Period Realized Futures Gains/Losses ------F U T U R E S / O P T I O N Page S C O 1N F I R M A T I O N S ------(A) Total P&L on Confirmations (USD) – Net value of Options Date Long Short Contract/Description Monthly Statemen t For: StrikeMAY 01, This 2015 Price section through shows MAY 31, the 2015 profit Curr or loss realized Amount from closing Premium [Paid – Received] in the currency of the product 5/19/15 1 JUN15 IMM B-PDS out an open1.53000 (Futures/Options/Forward) USD position. (B) - Commissions------1*- on - Confirmations- - -* - - - - - (USD) - - O – P Total E N Icommissions N G A C C O U N T B A L A N C E S - - - - -USD ------COMMISSION USD 62.50DB* CAN paid DOLLAR for all products traded. Commissions 0CR are paid in USD or (1) CLEARINGThe sum of all profits USDand losses for the 2.01DB*time period of the USCAD. DOLLAR 0CR 5/19/15 1 JUN15 IMM E-S&P statement 2100.00 (CR – Profit; USDDB – Loss) (C) - Fees- - - on - Confirmations- - 1*- - - - -* -(USD) - - - – -Total F U clearingT U R E costsS / O paidP T Ifor O N S C O N F I R M A T I O N S USD------COMMISSION USD 62.50DB* Date all products Long traded Short in the Contract/Descriptioncurrency of the product Strike Price CLEARING USDCurr Amount1.42DB* (D) 5/19/155/20/15Realized Futures 11 on Confirmations JUN15JUL15 (USD) – IMMCBTClearing/ B-PWHEDSAT P 4.850 temized 1.53000 .11 1/2a sh ctivity USDUSD 575.00DB 1*1* ** I C Premium A Paid USDUSD 575.00DB* Exchange fees and commissons EDAT:06/26/15, paid on all futures COMMISSION USD 62.50DB* CLEARINGCOMMISSION USDUSD 125.00DB* 2.01DB* (E) Realized Options on Confirmations (USD) – Total P&L on All transfers CLEARING from a USD account to a 4.72DB*futures account 5/19/15 1 JUN15 IMM E-S&P 2100.00 USD 5/20/15Confirmations 1* + Clearing/Exchange 1* JUN15 fees and IMM commissions E-S &P are noted 2110.00 as credits, while USD USD transfers from a futures paid on all options * trades 1* in the currency of the product COMMISSION USD 62.50DB* account CLEARINGCOMMISSION to a margin account USDUSD will be noted 62.50DB*1.42DB* as debits. (F) Total Realized Futures on Confirmations (CAD) – CLEARING USD 1.42DB* Recap5/20/15 of Confirm 1 Activity JUL15 CBT WHEAT P 4.850(2) The .11 sum 1/2 of all cash activity USD in the account 575.00DB (D) * Exchange 1* rate * Total P&L On ConfirmationsPremium Paid USDUSD 575.00DB*575.00DB EDAT:06/26/15, Commissions On Confirmations USD 312.50DB (G) Total Realized Options on Confirmations (CAD) – FeesCOMMISSION On Confirmations USDUSD 125.00DB* 9.57DB Realized Futures CLEARING On Confirmations USD USD 192.35DB4.72DB* (E) * Exchange rate Realized Options On Confirmations USD 704.72DB 5/20/15 1 JUN15 IMM E-S &P Total Realized Futures 2110.00 On Confirmations USDCAD 239.38DB * 1* Total Realized Options On Confirmations USD CAD 877.02DB COMMISSION USD 62.50DB* ------C O L L A T E R A L C O N F ICLEARING R M A T I O N S - - -USD ------1.42DB*------Recap of Confirm Activity Par Value/ Total P&L On Confirmations USD 575.00DB A Commissions On Confirmations USD 312.50DB B Date Quantity Description Fees OnRate Confirmations Maturity USD 9.57DBAmount C Realized Futures On Confirmations USD 192.35DB D TNOTE / USD / US T-NOTE Realized Options On Confirmations USD 704.72DB E 5/19/15 L 100,000.00CR USD T-NOTE Total Realized Futures On Confirmations Salesman 5/31/17 Account CAD 239.38DB F Pur chase Total Cos Realized Options 100,000.00DB On Confirmations TST 44124849 CAD 877.02DB * G Your Commodity Broker ------BILL -- -- -AND- -- -MARY- -- -- CUSTOMER ------R -E -A CL O I L Z L E A D T EF RU AT LU R E C S O N G F AYOURI IR N M IA SA /NAMET LI OO SN SS E- S------123 MAIN ST TORONTO, ON Date TORONTO, Long Par Short Value/ON M4M Contract/Description 4M4 Strike 416-123-4567Price Curr Amount 5/19/15 Date 1 Quantity DescriptionJUN15 IMM E-S &P 2100.00 Rate Maturity USD Amount 5/20/15 1 JUN15 IMM E-S&P 2110.00 USD TNOTE / USD /1* US T-NOTE 1* P & S USD 500.00CR* 5/19/15 L 100,000.00CR USD T-NOTE Profit Page Or Loss 2 From Offset 5/31/17Trades USD 500.00CR1 Purchase Cos 100,000.00DB * - - - -Monthly - C O N Statemen T I N U tE For:D OMAY N 01, N E2015 X T through P A G MAYE - 31,- - 2015------R- E -A -L -I IZ TE ED M IF ZU ET DU R EC SA S GH A I AN CS T/ IL VO IS TS YE -S ------Date 5/19/15 WIRETRANSFERLong RECEIVED Short FROM MARGIN Contract/Description ACCOUNT Strike Price 5/19/15 CurrCAD 50,000.00CR Amount 5/19/15 WIRETRANSFER RECEIVED FROM MARGIN ACCOUNT 5/19/15 USD 30,000.00CR 5/19/155/20/15 WIRETRANSFER 1RECEIVED FROM MARGIN ACCOUNT JUN15 IMM E-S &P 2100.00 5/20/15 USDUSD 5,000.00CR 5/20/15 1 JUN15 IMM E-S &P 2110.00 Total Cash CADUSD 50,000.00CR** 1* 1* P & STotal Cash USDUSD 35,000.00CR** 500.00CR*2 Profit Or Loss From Offset Trades USD 500.00CR ------C L O S I N G A C C O U N T B A L A N C E S ------C O N T I N U E D O N N E X T P A G E - - - - - CAN DOLLAR 50,000.00CR* US DOLLAR 34,602.93CR* ------F U T U R E S / O P T I O N S O P E N P O S I T I O N S ------Date Long Short Contract/Description Strike Price Curr Amount Closing 5/20/15 Acc o unt 1 B a l a nces JUL15 CBT WHEAT P 4.850 .11 1/2 USD 1,031.25CR 1* * Settlement .20 5/8 USD 1,031.25CR* This section shows the cash balance in the account at the end of the trading period in the various currencies, equal to: Avg Bought .1150000 Avg Sold .0000000 Opening Account Balance + (D) +/-FLTD:07/14/15, (E) +/- (1) EDAT:06/2+/- (2), or:6/15, UNSP:4.77, DLTA:0.56430-, DQ:.56-, Opening Account Balance In The Money 400.00CR USD * +/- Realized Futures on Confirmations (D) Value in Base @ 1.2445000 CAD 1,283.39CR* +/- Realized Options on Confirmations Net(E) Fut: .56DB +/- The 5/19/15 sum of all profits 1 and losses for JUN15 the time periodIMM B-P ofDS the statement (1) 1.53000 USD 68.75DB +/- The sum of all cash 1* activity * in the account (2) Settlement 1.52890 USD 68.75DB* Avg Bought 1.5300000 Avg Sold .0000000 FLTD:06/15/15, Value in Base @ 1.2445000 CAD 85.56DB* Total Value in Base Currency Total Cash Market Value CAD 85.56DB** Total Non-cash Market Value CAD 0CR** Total Long Value CAD 1,283.39CR** Total Short Option Value CAD 0CR** Net Option Value CAD 1,283.39CR** 4 RBC DOMINION SECURITIES Net Liquidity CAD 94,261.18CR** ------A C C O U N T C O L L A T E R A L ------Par Value/ Type/ Market Haircut/ Margin Purchase Date Quantity Descr Rate Maturity Value Settlement Value Curr Cost Positions ------TNOTE / USD / US T-NOTE 5/19/15 L 100,000.00CR 5/31/17 100,000.00CR 95.00 95,000.00CR 100,000.00DB 100,000.00CR* USD 100,000.00CR* 95,000.00CR* 100,000.00DB** Account Totals CAD 124,450.00CR* 118,227.50CR* 124,450.00DB** - - - - - C O N T I N U E D O N N E X T P A G E - - - - - Open Positions Summary (1) Option type (Put/Call) Salesman Account (2) Option strike TST 44124849 (3) YourFutures Commodity Last Trading Broker Date (FLTD) BILL AND MARY CUSTOMER YOUR IA NAME This section 123 displaysMAIN ST the open (Futures/ (4) TORONTO,Expiration ON Date of Option (EDAT) TORONTO, ON M4M 4M4 416-123-4567 Options/Forwards) positions in the (5) Underlying Settlement Price of Futures (UNSP) account at the end of the time period (6) The delta of the open position (DLTA)/(DQ) (7) The closing price of the open Futures/Forward/Option position covered in the statement. Page 2 (8) Value of open option position in the currency of the product Monthly Statement For: MAY 01, 2015 through MAY 31, 2015 ------I T E M I Z E D C A S H [Total A C numberT I V I of T contractsY - - - -* Settlement------price - - *- Futures- - - - Multiplier] - (9) The value of the open option position in Futures Equivalent [DB – 5/19/15 WIRE RECEIVED 5/19/15 CAD 50,000.00CR 5/19/15 WIRE RECEIVED Short Futures, CR 5/19/15– Long Futures] USD 30,000.00CR 5/20/15 WIRE RECEIVED 5/20/15 USD 5,000.00CR (10) The average Totalentry priceCash for CAD the total quantity 50,000.00CR** traded (11) Unrealized gain/loss Total Cash on the USD open futures 35,000.00CR** position [Total # of ------C L O S I N G A C C O U N T Bcontracts A L A N *C (SettlementE S - - - - price - - –- Avg- - Bought/Sold)------* Futures- - CAN DOLLAR 50,000.00CR* Multiplier] US DOLLAR 34,602.93CR* ------F U T U R E S / O P T I O N S O P E N P O S I T I O N S ------Date Long Short Contract/Description Strike Price Curr Amount 1 2 5/20/15 1 JUL15 CBT WHE AT P 4.850 .11 1/2 USD 1,031.25CR 8 1* * Settlement 7 .20 5/8 USD 1,031.25CR* Avg Bought .1150 000 Avg Sold .0000000 3 4 5 6 FLTD:07/14/15, EDAT:06/2 6/15, UNSP:4.77, DLTA:0.56430-, DQ:.56-, In The Money 400.00CR USD * Value in Base @ 1.2445000 CAD 1,283.39CR* Net Fut: .59 6DB

5/19/15 1 JUN15 IMM B-P DS 1.53000 USD 68.75DB11 1* * Settlement 1.52890 USD 68.75DB* 10 Avg Bought 1.5300 000 Avg Sold .0000000 FLTD:06/15/15, Value in Base @ 1.2445000 CAD 85.56DB* Total Value in Base Currency Total Cash Market Value CAD 85.56DB** A Total Non-cash Market Value CAD 0CR** B Total Long Option Value CAD 1,283.39CR** C Total Short Option Value CAD 0CR** D Net Option Value CAD 1,283.39CR** E Net Liquidity CAD 94,261.18CR** F ------A C C O U N T C O L L A T E R A L ------Par Value/ Type/ Market Haircut/ Margin Purchase Date Quantity Descr Rate Maturity Value Settlement Value Curr Cost Positions ------otal alue in ase urrency of tatement TNOTE / USD / US T-NOTE T V B C S 5/19/15 L 100,000.00CR 5/31/17 100,000.00CR(A) Marked 95.00 to market 95,000.00CRvalue on all futures positions 100,000.00DB 100,000.00CR* USD 100,000.00CR*(B) Marked to market 95,000.00CR* value on forward positions 100,000.00DB** Account Totals CAD 124,450.00CR* 118,227.50CR* 124,450.00DB** - - - - - C O N T I N U E D O N (C) N E X PremiumT P A Gvalue E - of- open- - - long option positions (D) Premium value of open short positions (E) Net Option Value in base currency of statement [(C) – (D)] (F) Liquidating value of account [Closing Account Balance + Total Cash Market Value (A)+/- Total Non-Cash Market Value (B)+/- Net Option Value (E)]

READING YOUR MONTHLY FUTURES STATEMENT 5 Margin Requirement Summary (1) The funds required as a deposit on open positions. A zero balance implies no positions. (2) The funds required to maintain positions in the account; if Total Equity (9)in the account falls below the Maintenance Margin (2), a margin call is generated. (3) The excess/deficit amount of funds available/required in the base currency. A credit (CR) indicates excess cash and a debit (DR) indicates a deficit. Salesman Account (4) The difference between Total Equity (9) and Initial Margin (1) . A negative number represents TST 44124849 the amount under initial margin. Your Commodity Broker (5) The difference BILL AND betweenMARY CUSTOMER Total Equity (9) and Initial Margin (1) , when TotalYOUR EquityIA NAME is less than the Maintenance Margin (2) which is 123 MAIN ST TORONTO, ON known TORONTO, as the margin ON M4M call 4M4amount. 416-123-4567

Page 3 Monthly Statement For: MAY 01, 2015 through MAY 31, 2015 ------M A R G I N R E Q U I R E M E N T S U M M A R Y ------Margin Requirement ------Equity New Call or Amt Total Margin Calls Initial Maintenance Excess/Deficit Under Init Rqmts Amount No /Age CAD 0CR 0CR 50,000.00CR 0CR USD 2,288.75DB 1,986.75DB 34,534.18CR 0CR Total Value in Base Currency CAD 1 2,848.35DB 22,472.51DB 92,977.79CR3 0CR4 0CR5 / ------A C C O U N T V A L U E S U M M A R Y ------Account Unrealized G/L Unrealized G/L Total Net Option Net Balance on Futures on Forwards Equity Value Liquidity CAD 50,000.00CR 0CR 0CR 50,000.00CR 0CR 50,000.00CR USD 34,602.93CR 68.75DB 0CR 34,534.18CR 1,031.25CR 35,565.43CR Total Value in Base Currency CAD 6 93,063.35CR 785.56DB 0CR8 92,977.79CR9 1,283.39CR10 94,261.18CR11 ------P R O F I T & L O S S S U M M A R Y ------Futures Options Options Profit and Loss Long Premium Short Premium Commission Fees MTD CAD 0CR 0CR 0CR 0CR 0CR MTD USD 500.00CR 575.00DB 0CR 312.50DB 9.57DB Net CAD 622.25CR* 715.59DB* 0CR* 388.91DB* 11.91DB* YTD CAD 0CR 0CR 0CR 0CR 0CR YTD USD 500.00CR 575.00DB 0CR 312.50DB 9.57DB Net CAD 12 622.25CR* 13715.59DB* 0CR*14 388.91DB*15 11.91DB*16

Account Value Summary Profit & Loss Summary (6) The closing account balance (12) The profit and loss for closed Futures/Forwards positions in each (7) The unrealized gain/loss on open futures positions currency, in month-to-date (MTD) and year-to-date (YTD) values (8) The unrealized gain/loss on open forward positions (13) The amount spent on purchasing long options (9) The total equity, equal to (6)+/- (7) +/- (8) (14) The premium collected for selling short options (10) The total value of open long or short option positions in clients (15) The commissions paid account in base currency of account (16) The fees paid (11) The value of the account if all open positions are liquidated at settlement prices noted on the statement, equal to (9)+ (10)

6 RBC DOMINION SECURITIES If you have any questions about your futures statement, please speak with your Futures Specialist.

Futures or options trading involves substantial risk, may result in serious financial loss, and is not suitable for all investors or portfolios. The information contained in this brochure is not intended as a recommendation directed to a particular investor or class of investors and is not intended as a recommendation in view of the particular circumstances of a specific investor, class of investors or a specific portfolio. You should not take any action with respect to any securities or investment strategy mentioned in this brochure without first consulting your own investment advisor in order to ascertain whether the securities or investment strategy mentioned are suitable for your circumstances. The information contained herein has been obtained from sources believed to be reliable at the time obtained but neither RBC Dominion Securities Inc. nor its employees, agents, or information suppliers can guarantee its accuracy or completeness. This brochure is not and under no circumstances is to be construed as an offer to sell or the solicitation of an offer to buy any securities. It is furnished on the basis and understanding that neither RBC Dominion Securities Inc. nor its employees, agents, or information suppliers is to be under any responsibility or liability whatsoever in respect thereof. RBC Dominion Securities Inc.* and Royal Bank of Canada are separate corporate entities which are affiliated. *Member-Canadian Investor Protection Fund. ® Registered trademark of Royal Bank of Canada. Used under licence. RBC Dominion Securities is a registered trademark of Royal Bank of Canada. Used under licence. © Copyright 2015. All rights reserved. 15_90098_006 110364 (07/2015)