Mutual Fund Sweep – Off–balance sheet sweep solution
- Allows the financial institution to report a lower amount of deposits on the
FR2900.
- Provides sophisticated cash management solutions necessary to acquire and
retain depositors who typically carry high cash balances and demand market rates
of interest on idle funds.
- Enhances customer service while expanding existing commercial customer
relationships.
- Provides an opportunity for the bank to generate assets and increase
loanable funds.