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Promontory Interfinancial Network, Inc.
Nearly 2000 financial institutions are members of the Promontory
Interfinancial Network. They use CDARS® (pronounced "cedars") and IND®
to enhance their profitability, attract large-dollar deposits, or obtain
wholesale funding.
With CDARS® – the
Certificate of Deposit Account Registry Service® -- banks can offer
customers up to $50 million in FDIC insurance, place "excess" deposits
with other Network members, and earn fee income, as well as purchase
funds at competitive rates (without collateralization or credit limits).
With IND®, --
Insured Network DepositsSM
-- banks can tap another wholesale funding option,
accessing large blocks of long-term funding ($25 million - $1 billion+)
at floating rates.
Learn more:
http://www.promnetwork.com
Want more
information? Contact our Phil Pratt (617) 969-4505
ppratt@promnetwork.com |
