It works in three ways:
- Line of Credit. At the end of the day, if your account has a deficit balance, the system will draw funds from your investment balance first (if any), and then if necessary draw funds from the available amount on the established line of credit.
- Investments. At the end of the day, if your account has excess collected funds, the system will pay outstanding loan balances (if any) and invest the remaining funds. Investment vehicles include Eurodollar, Repurchase Agreement (Repo), or mutual fund.
- Combination. Excess funds are applied first as a line of credit payment, then remaining cash is transferred to the investment.
For more information, contact Treasury Management Services:
- Inside US call - 1-800-787-3905 (7 a. m. - 5 p.m. CT)
- Outside US call - 1-205-560-3999 (7 a.m. - 5 p.m. CT)