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Interest bearing investments that provide enhanced earnings based on length of term committed to the funds.
Repurchase Agreements offer fixed rates, over a specified variable term, generally from 30 days up to 365 days (municipalities have a maximum term of 330 days). The minimum repo amount is $100,000. Repurchase agreements are collateralized by US Government Securities and are an excellent investments for those who need to maximize their earnings, with the opportunity to choose a specific maturity date.
The Advantages
Highly competitive daily rates
Flexible terms
Fixed rate for the term of the investment
Fully collateralized with US Government Securities
Personalized service
Documentation for your records
No service charges
How it Works
1. A one time master agreement must be entered into by client and First Midwest Bank.
2. Client chooses amount and maturity for the repurchase agreement.
3. First Midwest Banker will quote the available rate based on dollar amount and term.
4. Once the transaction takes place, a document will be provided detailing dollar amount, term of the investment, rate and collateral.
5. Purchase, redemption and renewal transactions can be conducted via telephone.
Contact a Cash Manager
Return to Investment
Institutional Cash Management Account
Repurchase Agreement
Business Money Market Account
Business Primelink Investment Account
Certificates Of Deposit
Business Savings Account
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