Funding Solutions for Depository Institutions
Access Competitively Priced and Flexible Deposit Funding.
How It Works
For each of the DDM and RTID programs, the receiving institution opens a single omnibus account. If participating in both programs, two single omnibus accounts would be required. Other participating sending institutions, acting for themselves or as agent for their customers, sweep or place funds into those omnibus accounts.
Under the DDM program “Receive-Only” model and the RTID program, depository institutions become part of the R&T network of participating receiving institutions that can receive funds from other participating sending institutions that sweep or place their customers’ funds into the network to provide those customers with access to an expanded level of deposit insurance coverage on their funds.
Program Advantages
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Plan Ahead:
Secure your future funding needs with our flexible overnight and term structure arrangements.
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Competitive Rates:
Interest rates that are competitive with other funding sources.1
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Diversified Funding:
Enhance your financial resiliency with multiple sources to reduce concentration risk and stabilize funds.
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Balance Sheet Flexibility:
Maintain control over your funding levels, offering the flexibility to manage your balance sheet effectively.
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Same-Day Access:
Enjoy the convenience of same-business day deposits or withdrawals.2
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No Collateral Required:
Obtain funding without the need for collateral.
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Simplified Account Management:
Utilize a single omnibus account for each funding source, easily adjustable to your needs.
1 While interest rates obtained on funds placed at receiving institutions under the DDM and/or RTID programs may, under certain circumstances, outperform cash alternatives, such as money market funds, the primary objective of the DDM and/or RTID programs is to provide customers with convenient access to expanded FDIC insurance coverage on their funds (and not for investment enhancements or higher rates of returns or profits).
2 Subject to R&T's cut-off times.
From Our Clients
“The sweep deposit program provides a diverse source of funding with flexibility around target balances to address our evolving funding needs over the years.”
Senior Vice President, Wholesale Funding & Liquidity
National Bank
