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Repurchase Agreement Sweep Account:

Your Funds Automatically Get Back To Work

Sweep Away Your Investment Decision Worries...
Save time and automate your money management functions with Stock Yards Bank Repurchase Agreement Sweep Account.

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 receive a daily notice as confirmation of this collateral.

While our investment collateral may consist of variouse U.S. Treasuries and Government Securites, Stock Yards does not pledge any Fannie Mae or Freddie Mac instruments as collateral for your Repurchase Agreement Sweep Account.

Contact Treasury Management to learn more about how a Repurchase Agreement Sweep Account can benefit your company.

Benefits:

Save time with automated investment management
Earn interest on idle funds
Avoid overdrafts and untimely transfers
Reduce administrative tasks