Replace Higher-Cost Funding and/or Repurpose Collateral

ICS® and CDARS® enable Promontory Network members to replace higher-cost funding (e.g., repurchase sweeps and letters of credit) and to reduce ongoing collateralization requirements. By replacing collateralized deposits with ICS and/or CDARS deposits, banks can improve asset liquidity, repurpose funds previously invested in collateral into higher-earning assets, reduce collateral-tracking costs, and lower the risk of shortfall due to collateral-value deterioration.

Complete the form below to have one of our Treasury Desk Managers contact you, or to speak to someone immediately, call (866) 776-6426.

 

Placement of customer funds through the ICS and/or CDARS services is subject to the terms, conditions, and disclosures set forth in the applicable program agreements, including the applicable Participating Institution Agreement and Deposit Placement Agreement. Limits apply, and customer eligibility criteria may apply. ICS program withdrawals are limited to six per month when using the ICS savings option. ICS and CDARS are registered service marks of Promontory Interfinancial Network, LLC.