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Operational Implementation and Best Practices for the ACT Deposit Program
In this session, participants are guided through an operational summary of the Advancing Communities Together (ACT) Deposit Program. Topics include the flow of funds, account creation, accounting and settlement, and regulatory reporting.
FDIC Deposit Insurance Coverage and Related Matters
This free webinar is designed for CPAs, all levels of bank employees, and executives who would like to learn more about FDIC deposit insurance coverage and related matters. Upon completion you will have a thorough understanding of how FDIC insurance coverage works and other matters relating to FDIC insurance. CPAs can receive 1 CPE credit.
Exploring Your Wholesale Funding Capabilities through IntraFi
Diversified sources of funding ensure you have access to deposit funding when you need it. IntraFi is one of the largest providers of wholesale funding solutions. With funding options from IntraFi, your bank can access up to $2 billion in a day and tens of billions over time. Attend a dynamic webinar that will highlight why IntraFi solutions should be a mainstay in your wholesale funding toolbox.
With deposit and bank safety in the news, offering ICS and CDARS can provide your customers with valuable peace of mind that grows their loyalty to your bank. This webinar will explore why ICS and CDARS are excellent solutions for securing large deposits through a single bank. It will also explain the sign-up process, custor experience, and available tools and resources.
In this session we will cover the basicss of ICS accounting, reporting and settlement. We will provide you with all the information you will need to make your accounting entries, balance your GLs, conduct reconciliation, and more.
In this session we will cover the basics of CDARS accounting, reporting and settlement. We will provide you with all the information you will need to make your accounting entries, balance your GLs, conduct reconciliation, and more.
Operational Implementation and Best Practices for ICS and CDARS
In this session, participants are guided through an operational summary of IntraFi Cash Service, or ICS, and CDARS. Topics covered include how ICS and CDARS work, the customer experience, an overview of the Transaction and Reporting Portal and its entitlements, and time-saving features.
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.