Fall Regulatory Summit

Internal Use Only

CDARS and ICS One-Way Sell

ƒ The bank may sell its excess deposits for fee income (instead of receiving matching deposits) through One-Way Sell transactions, moving them off balance sheet. ƒ The bank maintains ownership of the customer relationship, selling only the underlying funding. ƒ Banks can switch back and forth between reciprocal and One-Way Sell as funding needs change.

BNY Mellon — Custody, Settlement, Recordkeeping

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Internal Use Only

CDARS One-Way Buy

ƒ Funds come from other participating institutions with excess customer funds that they don’t want to keep on balance sheet. ƒ There are no collateralization requirements. ƒ Access is quick and easy; funds can be made available in as few as 24 hours. ࡳ Submit a Request for Funds form. ࡳ Bid online on or before match day morning (typically Wednesday morning). ࡳ Learn the auction results on the evening of the match. ࡳ Settle the next business day.

BNY Mellon — Custody, Settlement, Recordkeeping

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