Certificate of Deposit Account Registry Service® (CDARS®)
This premier service allows network members to offer customers up to $50 million in FDIC insurance as a means to obtain funding; attract,
grow, and retain customer relationships; increase net interest margins;
and reduce collateralization costs.
CDARS also allows member banks to purchase funds at competitive rates (without collateralization or credit limits). Additionally, it enables members to place "excess" deposits with other members and to earn fee income in the process - all while maintaining complete control over their customer relationships.
Insured Network DepositsSM Service (IND®)
This service helps brokerage firm managers to significantly increase profit margins earned on short-term investment accounts (like money markets) and to deliver a differentiated investment product - one with access to multi-million dollar FDIC insurance.
On the flip side, it provides banks with another wholesale funding option. With this service, banks can access large funding blocks ($25 million - multiple billions) for the long term (e.g., up to several years).
Other Network Services
Bankers Procurement ServiceSM - This offering, which complements the efforts of an institution's procurement professionals, can help an organization to find the "right" technology solutions at the lowest cost. Additionally, it can lower the time spent on vendor indentification and evaluation, reduce technology adoption risk, and speed up delivery times.
