R&T Deposit Solutions Joins American Bankers Association’s Premier Partner Network
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Effective November 10, 2025, R&T will separate its administrative and agency responsibilities with respect to the Demand Deposit Marketplace® (DDM®) and Certificate of Deposit Marketplace Exchange® (CDMX®) programs (the “Programs”) across two R&T affiliates as follows:

A new R&T affiliate, R&T Deposit Marketplace, LLC (d/b/a R&T Deposit Solutions) (“RTDM”), will serve as the Program administrator. In this role, RTDM will provide all administrative services to your firm as administrator of the Programs and will issue any invoices for those services.

Stable Custody Group II LLC (“Stable”) will remain the appointed agent of participating institutions under the Programs to hold funds sent into the Programs as agent, including as titled account holder of the program accounts at the participating receiving institutions1 and certain of the settlement accounts under the Programs.

What you need to do:

Update Customer-Facing Program Information:
Update your Program Information Notice (“PIN”) that you make available to your customers to reflect Citizens (instead of HNB) as the custodian and settlement bank for the Programs after November 10, 2025. Click the link below to view a redlined version of a sample PIN that shows the type of change that can be made for that purpose. You also can contact your R&T Relationship Manager for assistance, if needed.2

 

Download Sample PIN

Update the Program Customer T&Cs that you make available to your customers to reflect that RTDM (instead of Stable) is now the administrator of the Program effective after November 10, 2025 (with Stable only serving as your appointed agent)3. R&T’s template Customer T&C allow you to amend the Customer T&C’s with notice to your customers. Click the link below to view a redlined version of a sample Program Customer T&Cs that shows the type of change that can be made for that purpose. You also can contact your R&T Relationship Manager for assistance, if needed.

 

Download Sample T&Cs

More Information About RTDM:
Click the link below if you need due diligence documents relating to RTDM, such as RTDM’s certificate of formation and operating agreement.

 

Download Due Diligence Packet

1 If your firm has established program accounts at receiving institututions in its own name as agent for its customers (i.e., under the “direct bank” or “proprietary receiving institution” feature of the Programs), those program accounts remain titled in your firm’s name (and not in Stable’s name).
2 If you have identified HNB as the custodian and settlement bank on any other Program related materials provided to your customers, also update those materials to reflect Citizens (instead of HNB) as the custodian and settlement bank for the Programs after November 10, 2025.
3 Your firm would not need to do this if it acts as a (i) receive-only institution under the Program or (ii) the sending institution (e.g., bank) in an “indirect-source” model of the Program with another source institution (e.g. trust company) that has the primary relationship with the customers whose funds are swept or placed into the Program. In such case, the source institution (e.g.trust company) would provide the Customer T&Cs to their customers.