Getting Started Is Easy

Transcription

1 Getting Started Is Easy

2 2 An Easy Start With Promontory Promontory is here to make it easy for your bank to get started using ICS, the Insured Cash Sweep service, and/or CDARS. We provide specialized resources to help your bank that include: Client Services Support Job Aids / Procedural Guides Sales Support Marketing Support

3 3 Client Services Support Promontory provides a team of Account Executives to assist your bank with: Initial documentation Set-up (including assistance in coordinating the test wire and help setting up general ledger accounts) Accounting and settlement training Transactional training and support Ongoing operational support Client Services (866) , option 1 clientservices@promnetwork.com

4 4 Job Aids / Procedural Guides Promontory s Client Services Department has developed many Job Aids and Procedural Guides* that help your bank navigate through certain ICS and/or CDARS operational processes, including: Accounting Order Entry and Approval Account Modification Reports, Notices, and Statements FDIC Call Report Guide * Many of these are available on the Promontory Transaction & Reporting Portal. Client Services (866) , option 1 clientservices@promnetwork.com

5 5 Sales Support Your bank s Regional Director is available to help with a complete product launch that can include: Helping to develop a marketing plan Attending joint calls Assisting with events, such as Lunch and Learn events or presentations to key decision makers Providing ongoing sales support based on your bank s needs Sales (866) , option 1 sales@promnetwork.com

6 6 Marketing Support To support your bank s marketing efforts, Promontory provides tools ready to use marketing materials and templates for your bank s convenience. These tools are available on the Marketing Resource Center. Marketing collateral catalogs help your bank to review available materials. Marketing (800) marketing@promnetwork.com

7 7 Marketing Support The Marketing Resource Center contains how-to guides, as well as specific marketing materials. Marketing (800)

8 8 Marketing Support Your bank can download turnkey and customizable marketing collateral, including: Customer presentations Sales sheets Brochures Web content Invitations Marketing (800)

9 Addendum

10 10 Is Your Bank Only A CDARS Member? Has Your Bank Considered Using ICS? Using ICS, the Insured Cash Sweep service, Promontory Network members can offer customers access to multi-million-dollar FDIC insurance and a return on funds placed into demand deposit accounts, money market deposit accounts, or both. ICS can help banks to: Attract and retain large-dollar relationships with or without keeping the amount of the funds on balance sheet Replace more burdensome and costly funding options (e.g., repo sweeps, letters of credit) Increase asset liquidity Lower the risk of collateral-value deterioration Keep the funding, or sell the excess for fee income Purchase cost-effective, floating-rate funding without collateralization or stock purchase requirements Sales (866) , option 1 sales@promnetwork.com

11 11 Is Your Bank Only An ICS Member? Has Your Bank Considered Using CDARS? CDARS, the Certificate of Deposit Account Registry Service enables institutions to offer customers access to multi-million-dollar FDIC insurance and a return on funds placed into CDs. Banks can keep the full amount of CDARS deposits on balance sheet or sell the excess for fee income. CDARS can help banks to: Attract and retain large-dollar relationships with or without keeping the amount of the funds on balance sheet Replace more burdensome and costly funding options (e.g., repo sweeps, letters of credit) Lower the risk of collateral-value deterioration Keep the funding, or sell the excess for fee income Purchase cost-effective, floating-rate funding without collateralization or stock purchase requirements Sales (866) , option 1 sales@promnetwork.com