Overnight Investments, also called Repurchase Agreements, maximize your operating funds by literally putting every available dollar to work. These overnight investments are highly liquid and fully collateralized by government securities. Repurchase Agreements are perfect for larger businesses that maintain a high cash balance.
Make Every Dollar Count
By sweeping funds from your commercial checking account into overnight investments, all of your money is put to work either covering your checks or earning interest.
Manage Liquidity and Investments
Cash flow, credit management and investment maximization all contribute to the financial success of your business. First Financial has a variety of liquidity and investment management solutions for producing advantageous returns. We offer numerous sweep accounts, with different benefits, including Zero Balance Accounts (ZBAs); Automated Repurchase Agreement Sweeps (Repo); and Deposit Account Sweeps. Our experts will work with you to determine the best combination of accounts to achieve your liquidity and investment goals.
Repurchase Agreement Sweep Account
An automatic transfer called a sweep, moves excess balances out of your checking account into selected internal Repurchase Agreement accounts and back into your checking account as needed. Your company gains investment earnings without sacrificing liquidity of funds.
How does a Repurchase Agreement Sweep work?
Together, we determine the appropriate balance to be maintained in your checking account to cover daily activity and offset bank service charges. Each day, excess balances are transferred in $10,000 increments into an internal Repurchase Agreement account. As your cash requirements necessitate, money is swept from the Repurchase Agreement account back to your checking account in $10,000 increments.
Who can benefit from a Repurchase Agreement Sweep?
For more information about Repurchase Agreements, contact our Treasury Management Department by calling 877.627.7201 or emailing BusinessBanking@ffin.com.
*Not a deposit
A minimum balance of $100,000 is required.
• Not FDIC insured • Not insured by any federal government agency • Not guaranteed by the bank • May go down in value