Promontory Interfinancial Network

Contact:  Brendan Carry
Regional Director
(866) 776-6426, ext. 34
1300 North 17th Street, Suite 1800
Arlington, VA   22209

With the largest bank network of its kind, a Network comprised of thousands of financial institutions nationwide, Promontory Interfinancial Network offers unique services that bring banks and other institutions together in a way that enables each to benefit from The Power of ManySM. Promontory Network members use its services—Insured Cash Sweep®, or ICS®; CDARS®; Promnet RepoSM; IND®; Yankee Sweep®; and Bank Assetpoint®—to manage their balance sheets more profitably. Promontory Interfinancial Network can help your bank:

Promontory Network’s ICS®, and CDARS® services can help your bank to attract large-dollar customers and provide cheaper funding to support other initiatives. Offer your customers the unique combination of return and access to multi-million-dollar FDIC insurance.


By offering ICS and CDARS, your bank can:

  • Offer a differentiated service—access to higher levels of FDIC insurance than any bank, even the nation’s largest, can offer on its own.
  • Add local relationship-based funding that increases franchise value.
  • Attract deposits in larger increments.
  • Replace more expensive funding, like routinely collateralized deposits and those from listing services.
  • Improve profitability and asset liquidity by repurposing funds invested in collateral into higher-earning assets.
  • Spread customer acquisition and retention costs over larger average per-customer holdings.
  • Keep underlying funds on balance sheet or, if your bank’s liquidity position changes, sell the excess for fee income (either way, the customer relationship remains with your bank).
  • Set the interest rates offered to ICS and CDARS customers as your institution sees fit.

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