Unique Certificate Of Deposit Participation Program
Cumberland Brokerage Corporation offers the opportunity to the public to receive high interest rates normally available only to investors capable of purchasing a Jumbo CD ($100,000 minimum). The minimum investment required for the CBC CD participation Program is $5,000.


How Our Program Works
Cumberland combines the investment from its public customers and purchases a Jumbo CD. At times, it may take a few days to approximately a week to accumulate sufficient investment funds to purchase a Jumbo CD. During this waiting period, your funds will be deposited into the custodian bank (Republic First Bank) who will purchase shares of the Alliance Capital Money Market Fund (ACM) Prime Portfolio and you will receive their current interest rate. As of the actual purchase date of the Jumbo CD, you will begin earning the stated net interest rate for the full term of the CD on the sum total of your deposit plus the interest earned for the period your money was in the Money Market Fund. This is simple interest payable at maturity.

Cumberland Brokerage Corporation is registered with the National Association of Securities Dealers, Inc. (NASD). This Participation Program is being offered by Cumberland in its capacity as a member of the NASD. Cumberland is not as Savings Bank or Savings and Loan institution.

Cumberland will purchase the CD from various federally insured financial institutions throughout the United States. Federal Deposit Insurance insures up to $100,000, the principal and interest of each beneficial owner's pro rata share of the Jumbo CD. Your deposit is backed by the full faith and credit of the United States Treasury. Cumberland is not responsible for the principal or interest payment of the subject institution.

The Jumbo Certificate of Deposit will be held by the custodian bank. You, as the beneficial owner, will receive a Participation Certificate (see example attached) which will reflect the dollar value purchased, the name of the financial institution issuing the CD, the Certificate of Deposit identification number, the purchase and redemption dates, the dollar amount of interest accruing to maturity, the interest rate per annum and Cumberland Brokerage fees.

Advice notices will be issued approximately two weeks before the redemption date offering return of principal and interest or a "rollover" into another CD. If we do not hear from you within 7 days after the maturity date, your principal and interest will be rolled over into a new Certificate of Deposit for the same term in accordance with rates and regulations then in effect.

The total net simple interest is payable upon the redemption of the CD.

To Become A Participant:
1. Complete the application form**
2. Complete and sign the W-9 form**
3. Make checks payable to:

First Republic Bank Escrow Agent for CBC CD Participation Program
(Can be abbreviated to FRBK Escrow Agent for CBC CD Part. Prog.).

Mail checks to:

Cumberland Brokerage Corporation
614 Landis Ave.
Vineland NJ 08360

Wiring instructions:

First Republic Bank
Philadelphia, PA
ABA #036002247
Credit #12000027
FBO: First Republic Bank Escrow Agent For
CBC CD Participation Account

4. Call 888.999.6983 and ask for Linda Lynch or Carmie Chini for additional information and assistance.

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