ACCESS LOW-COST, FIXED- OR FLOATING-RATE FUNDING
Changing loan demand, deposit outflows, compliance rules, and interest rate risk all can have an impact on your bank’s funding needs. Promontory Interfinancial Network offers a variety of funding solutions—with no collateralization requirements—that can help.
- With Insured Overnight FundingSM powered by ICS®, your bank can submit requests for up to hundreds of millions of dollars on an overnight basis to meet both planned and unexpected funding demands.
- ICS and CDARS® enable your bank to access wholesale funding without collateralization requirements. Through ICS® One-Way Buy®, your bank can contract for variable-rate funding in terms from 3 months to multiple years. Alternatively, your bank can buy fixed- or floating-rate wholesale funding with CDARS® One-Way Buy® and CDARS® Floating-Rate FundingSM in amounts from under $1 million to multiple billions of dollars in a range of maturities from 4 weeks up to 5 years.
- Through IND®, your bank can access even larger blocks of cost-effective, floating-rate funding at terms ranging from 1 to 5+ years and in amounts generally ranging from $25 million to multiple billions of dollars. The total all-in cost of funds can be locked in for up to 5 years, and it may be possible to extend or renegotiate IND pricing before the agreement expires.
PROMONTORY INTERFINANCIAL NETWORK FUNDING SOLUTIONS
|Insured Overnight FundingSM||Varies||Daily||Overnight||Network Members with Excess Liquidity||No Collateralization Requirements Apply|
|Up to $1B+||3+ Months||Floating-Rate||Network Members with Excess Liquidity||No Collateralization Requirements Apply|
|Up to $1B+||1 - 60 Months||Fixed-Rate||Network Members with Excess Liquidity||No Collateralization Requirements Apply|
|Up to $1B+||1 - 7 Years*||Floating-Rate||Network Members with Excess Liquidity||No Collateralization Requirements Apply|
|IND®||$25M - $10B+||1 - 5+ Years||Floating-Rate||Cash from Millions of Brokerage Accounts||No Collateralization Requirements Apply**|
|Yankee Sweep®||Up to $1B+||1 - 5 Years||Floating-Rate||Sophisticated Investors Placing Funds Via Banks or Brokerage Firms||Provides Participating U.S. Branches of Non-U.S. Banking Organizations With Access to Funding|
*Through rolling, short-term, 4-week (or 13-week) CDs
**Typically, about 95% of IND deposits will be classified as savings deposits on a bank’s Call Report—and, as such, will not be subject to reserve requirements.
ICS, CDARS, One-Way Buy, IND, and Yankee Sweep are registered service marks, and Insured Overnight Funding and Floating-Rate Funding are service marks, of Promontory Interfinancial Network, LLC.
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