Using Repurchasing Agreements to Grow and Protect Customer Deposits Seminar
Over 40 years ago sweep accounts utilizing overnight Repurchase Agreements were developed to bypass the prohibition against paying interest on business checking accounts. Dodd-Frank removed that prohibition, but the secondary benefit of protecting deposits over $250,000 remains a powerful and under-appreciated strategy, especially today. Repurchase Agreements are a strategic advantage to those savvy banks that have figured out how to leverage their investment portfolio to “collateralize” customer deposits in excess of FDIC Insurance limits. Attend this seminar and learn how to use your US Treasury and Agency securities to quench your best customers’ thirst for protecting the safety and security of their account balances over $250,000.
Bankers’ Bank and Stratman Solutions share what your bank needs to do in order to leverage Sweep Repos to protect and grow bank funding. In the session, you’ll walk away with a complete understanding of how Sweep Repos began, what they are, what regulations govern them, and how you can make them work for your bank. You’ll also learn how Stratman’s turnkey solution, Bank Sweep Manager, makes the management of a Repurchase Agreement program easy and compliant and why Bankers’ Bank is a custodian of choice when implementing a Repurchase Agreement program