A Repurchase Agreement Sweep is a separate account that is electronically linked to your operating account. Each night, excess collected balances not required for disbursements or compensating balances are automatically transferred to the Repurchase Agreement Sweep Account where they earn interest. Interest is calculated daily and paid monthly.
With our Repurchase Agreement Sweep the balance in your sweep account is 100% collateralized with Triple-A rated U.S. Treasury Securities and Government Agency notes and bonds. This collateral is evaluated weekly and includes investment instruments such as the Federal Home Loan Bank, Federal Farm Credit Bank, and the Government National Mortgage Association. You will also receive a daily collateral confirmation notice.