Repurchase Agreement Sweep

IBC's Repurchase Agreement (REPO) Sweep allows you to invest excess funds in your accounts while still maintaining the liquidity of those funds.

Our staff will work with you to determine a target balance for your checking account.
At the end of each business day, after all debits and credits have been posted to your account, collected funds over the target balance are swept into the overnight investment account (IBC Bank requires a minimum investable balance of $250,000.00)
The next day, the funds are swept back into your account, and the process is repeated at the end of the day, provided that you have sufficient funds.

Excess account balances are always fully invested.
If funds are needed to cover account activity, the exact amount is swept back into your account.
You receive daily confirmation reports disclosing all collateral information.

Please get in touch with an IBC representative or visit your nearest IBC branch for more information.