Promontory Interfinancial Network, LLC

IND is an FDIC-insured deposit sweep program that can provide broker-dealers with a superior investment alternative for their customers’ cash balances.

With IND, broker-dealers can:

Earn higher fees than from traditional money market funds.
Control the margin earned from the service.
Tier the rate offered to various customer segments, if they wish to do so.
Offer customers access to multi-million dollar FDIC insurance on their cash account balances.
Use IND balances to fund affiliate banks, if desired/applicable.

Our expertise in executing deposit sweep programs is unparalleled. The Promontory team marries in-depth sales and system development expertise with extensive regulatory experience; its senior management includes individuals who have designed and implemented similar programs for nationally recognized broker-dealers and who possess high-level understanding of the regulatory environment. Learn more about the team behind the service...

Additionally, the IND service has been crafted with meticulous attention to regulatory compliance. The integrity of IND's design is of utmost importance to Promontory - a company that values its reputation for compliance and the trust placed in it by its customers.

Our platform is a proven system, sized for millions of accounts and transactions and currently handling billions of dollars in daily balances.

Your institution retains full control of its customer relationships.
Fund movements are controlled by your institution (with The Bank of New York as settlement agent).
Daily reconciliation occurs between banks and your institution.
Your institution has access to a complete audit trail.
System-wide implementation is possible in as little as 90 days.
We provide detailed project plans and proactively manage the process during all phases of implementation and ongoing operations.

To learn more about IND, please contact:

Ted Hamilton
thamilton@promnetwork.com
212.365.6571

Senior Managing Director
Promontory Interfinancial Network, LLC
280 Park Avenue, 33rd Floor West
New York, NY 10017