With IntraFi® RepoSM, IntraFi network members can offer their high-value institutional customers daily liquidity and the protection of government orgovernment agency collateral, along with a competitive return.
Why choose IntraFi Repo?
Protect large cash balances — funds, up to $2 billion per customer, are backed by U.S. Treasury collateral (or by Agency MBS)
Enjoy daily liquidity
Put cash to work earning returns
IntraFi Network Members
Strengthen relationships with business and institutional customers
Earn fee income; move funds off balance sheet
Avoid turning away valuable customers whose large cash balances may otherwise negatively impact your balance sheet
How IntraFi Repo Works
A relationship institution enters into a repurchase agreement as agent for its customers
The custodian, BNY Mellon, holds securities on the customer’s behalf and sends or receives funding by wire.
It’s an overnight transaction that rolls, so the customer enjoys daily liquidity.
For the relationship institution, this is an off-balance sheet transaction —funds and securities do not reside on its balance sheet and it retains the customer relationship.
IntraFi Repo can help banks, brokerage firms, and other financial institutions to build valuable relationships and manage liquidity. The service is provided by Assetpoint Financial, LLC, a wholly owned subsidiary of IntraFi LLC. To learn more contact us today →
When deposited funds are exchanged on a dollar-for-dollar basis with other banks in IntraFi's network of financial institutions, your bank can use the full amount of a deposit placed through ICS and CDARS for local lending, satisfying some depositors’ local investment goals or mandates.
Deposit placement through IntraFi’s deposit placement services is subject to the terms, conditions, and disclosures in the program agreements. Limits apply and customer eligibility criteria may apply. ICS program withdrawals may be limited to six per month for money market deposit accounts. Deposits are placed at destination institutions in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination institution. Using multiple destination institutions provides access to aggregate insurance amounts across institutions that are multiples of the SMDIA. Although deposits are placed at destination institutions in amounts that do not exceed the SMDIA at any one destination institution, a depositor’s balances at the relationship institution that places the deposits may exceed the SMDIA (e.g., before settlement for a deposit or after settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not an insured depository institution). The depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on deposits of its funds, the depositor is responsible for determining whether deposit placement through IntraFi’s services satisfies those restrictions. A list identifying IntraFi network banks may be found at https://www.intrafi.com/network-banks. The depositor may exclude particular insured depository institutions from eligibility to receive the depositor’s funds.