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Live Webinars

ICS and CDARS: Taking Advantage of New Opportunities

Reg relief makes most reciprocal deposits nonbrokered, providing banks the opportunity to attract even more deposits. Thanks to the newly signed regulatory relief bill, most reciprocal deposits are no longer brokered. This comes as banks face intense and increasing competition for deposits.

Join Promontory Interfinancial Network—the nation’s leading provider and inventor of reciprocal deposit placement services—for a free webinar that outlines key provisions of the new law and the impact ICS, or Insured Cash Sweep, and CDARS can have on banks’ balance sheets. The webinar will also cover how banks can use ICS and CDARS to capitalize on the opportunities at hand; presenters will discuss cost-effective ways to use the services to attract high-value relationships (even as deposit competition intensifies) and to lock-in more low-cost funding (even as interest rates continue to rise). This webinar is a “must” for decision-makers at banks of all sizes, especially for community banks that utilize collateralized deposits and/or listing services.

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How to Market ICS and CDARS

Passage of reg relief legislation and the war for deposits make now the perfect time to ramp up marketing for ICS and CDARS. 
Thanks to the newly signed regulatory relief bill, most reciprocal deposits are no longer brokered. This comes as banks face intense and increasing competition for deposits. And it means that now is the perfect time to ramp up marketing for either or both services. 

Promontory Interfinancial Network tries to make it easy as possible for Network members to market ICS and CDARS by providing background information on how to get started. The company also provides free art files for brochures, sales sheets, customer presentations, advertisements, web text and graphics, and more—downloadable files that can be used “as is,” customized with your bank’s logo and contact information, or tailored further with approval. 

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How to Manage CDARS and ICS Operations

In this session, participants are guided through an operational summary of CDARS and ICS, or the Insured Cash Sweep service. Topics covered include how CDARS and ICS work, the customer experience, an overview of the Promontory Network Transaction & Reporting Portal and its entitlements, and time-saving features.

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Explaining ICS to Customers

Need help explaining why ICS, the Insured Cash Sweep service, is the right solution for your customer’s needs and how the service works? Promontory Network’s free webinar explores how your institution can offer customers access to multi-million-dollar FDIC insurance in either a demand deposit or money market deposit account, plus a return on their investments.

We also help you explain the ICS sign-up process, customer experience, and available tools and resources. Additionally, you learn how your bank can easily market ICS and what support Promontory Network provides to your institution. Register today for this session.

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Explaining CDARS to Customers

Need help explaining why CDARS is the right solution for your customer’s needs and how the service works? Promontory Network’s free webinar explores how your institution can offer customers access to multi-million-dollar FDIC insurance on time deposits. We also help you explain the CDARS sign-up process, customer experience, and available tools and resources. Additionally, you learn how your bank can easily market CDARS and what support Promontory Network provides to your institution. Register today for this session.

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ICS Paperwork Overview

In this session, participants are guided through the paperwork required to open an ICS account. Topics covered include the ICS Deposit Placement Agreement and Custodial Agreement, as well as account maintenance documents and ICS statements. Participants should have already completed an introductory training session or the "Introduction to ICS" webinar.

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CDARS Paperwork Overview

In this session, participants are guided through the paperwork required to open a CDARS account. Topics covered include the CDARS Deposit Placement Agreement and Custodial Agreement, the CDARS Request for Account Placement (order form), and the CDARS Early Withdrawal Addendum. Additionally, CDARS statements, new account notices, and maturity notices will be reviewed. Participants should have already completed an introductory training session or the "Introduction to CDARS" webinar.

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