Repurchase Agreements are:
- Not FDIC Insured
- May Lose Value
- Not Bank Guaranteed
Sweep to Repurchase AgreementsMaximize earnings potential for your business through overnight investment of your excess account balances. Rather than letting your available funds sit idle, this service automatically transfers balances over a predetermined target into overnight repurchase agreements* where they earn interest. The process is automatic, with no need to monitor your daily balance. All invested funds are available daily, as you need them.
Sweep to Line of Credit
Pay down your Line of Credit by sweeping idle funds from your business checking account into your credit line each night. This service helps to reduce your interest expense by reducing your principal loan obligation. Additionally, funds are returned to your checking account from the line as needed, helping to provide peace of mind against unexpected overdraft situations.
*Funds in your checking account are insured by FDIC insurance for balances up to $100,000. Repurchase agreements are secured by U.S. Government Securities, such as T-Bills. Funds invested in Repurchase Agreements are subject to investment risk, including possible loss.
Sweep to Line/RepoEnjoy the benefits of both Sweep to Repurchase Agreement and Sweep to Line of Credit Services with our Sweep to Line/Repo program. If your loan balance reaches zero at the close of business, funds over a pre-determined target balance will be swept into Repurchase Agreements.
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