ABA-Endorsed Capital Management &
Funding Solutions

Helping banks to deal with capital management and liquidity challenges is one of ABA's top priorities. The Corporation for American Banking (CAB) offers these programs to help bankers meet and overcome funding challenges.

<CDARS^® and IND^®
by Promontory Interfinancial Network, LLC

Promontory Interfinancial Network, LLC ("Promontory") provides creative solutions that help banks and other financial institutions to compete more effectively.  The company currently offers two well-established, funding-related services— Certificate of Deposit Account Registry Service^®, CDARS^®, and Insured Network Deposits^SM, IND^®.  As a member of the Promontory Network, your bank can use one or both of these ABA-endorsed services to:

• Offer full FDIC coverage on multi-million dollar investments which encourages customers to consolidate their investments through your institution.  This can help your bank not only to attract new deposits, but also to expand market share, enhance customer loyalty, cross-sell other services, and reduce collateralization cost.
• Earn fee income by selling "excess" deposits.  You can attract new customer deposits and take these funds off your balance sheet by selling "excess" deposits to institutions that need funds while maintaining complete ownership of the customer relationship.
• Access fixed or floating rate funding without collateralization requirements or administrative hassles.

More.

<ICS or the Insurance Cash Sweep Service
by Promontory Interfinancial Network, LLC

Promontory Interfinancial Network's Insured Cash Sweep service (or ICS) is a low-cost, reciprocal, deposit sweep service that enables banks to offer their customers a savings product that earns interest and provides access to multi-million-dollar FDIC insurance; improves margins and asset liquidity by reducing ongoing collateralization requirements; offers true reciprocal funding; and gives institutions the flexibility to set the rates they offer. Learn how ICS can benefit your bank. 

ABA Member Special Offer:  Join the Promontory Network by 12/31/11 and get 50% off the implementation fee plus a chance to offset the 50% you pay through a special rebate. If your bank is already a member of the Promontory Network, there is no implementation fee to offer ICS.  More.