Business
Treasury Management Services
Somewhere along the way, idle cash balances should earn a return-even if it's just for a day or a week. Cash reserves are essential for the occasional cash shortfall or that unplanned business opportunity too strategic to pass up.
Repo Sweep Account | Credit Line SweepRepo Sweep Account
The Repo Sweep account is an automated investment vehicle that "sweeps" excess collected funds from your operating account into an investment account. Funds in the investment account are used to purchase securities from Bank of the Ozarks on a daily basis, through an agreement with the Bank, in which the Bank agrees to purchase the securities back from you when funds are needed in your operating account.
Benefits
- Funds are invested in US Government Agency Securities, which are Triple A rated bonds
- FDIC insures the uncollected balances in the operating account for an unlimted amount through December 31, 2009.
- Excess operating cash provides an excellent means of earning interest
- Investment dollars are very liquid for operating purposes
- Time and effort of managing cash flow is reduced or eliminated
Credit Line Sweep
By linking your credit line to your business checking account, draws from your Credit Line are automatically transferred to your business checking account for the funding of check presentments and other debit transactions when deposits and other credits cannot cover all debit postings. And, when excess collected balances exist in your business checking account, the Credit Line Sweep will automatically transfer collected balances from your business checking account as a pay-down to your credit line.
Benefits
- Funds are only borrowed when needed
- Pay-downs occur as soon as collected funds are available
- Draws and pay-downs are automated
- Saves time as cash flow forecasting is not required
- Banking Navigation
