Liquidity Management

Repurchase Agreement Sweep

A simple and effective solution to enhancing your working capital strategy is to use a Repurchase Agreement Sweep Account. At the end of each business day, after all transactions have posted to your checking account, funds that exceed a predetermined target balance will automatically transfer into an overnight interest-bearing repurchase agreement account. The next business day, the invested principal is returned back to your checking account to be available for your daily cash flow needs. Interest remains in your investment account to accrue daily and be paid monthly.

Benefits:

• Maximize Cash Flow – to optimize day-to-day cash management, automatically transfers funds exceeding the target balance into an interest bearing repurchase agreement account
• Simplify Cash Control – automated transfers to the repurchase sweep account eliminates manual transfers
• Ease of Use – account operates as a standard business checking account

Loan Sweep

A Line of Credit Sweep account is an easy way to make payments on your line of credit. At the end of each business day, excess funds from your checking account are used to pay down your existing Line of Credit with WesBanco. On the other hand, if your operating account needs additional funding, your line of credit will advance available funds to help settle transactions.

Benefits:

• Decrease Interest Expense – automatically reduces loan repayments, balances and associated interest expense
• Effective Loan Management – meets requirement to revolve balances on a line of credit
• Reduces Cost – eliminates overdrafts in your checking account

Insured Cash Sweep

Through ICS, the Insured Cash Sweep® service, you can earn interest on funds placed into money market deposit accounts, enjoy up to six program withdrawals per month, and rest assured knowing that your ICS funds are eligible for multi-million-dollar FDIC insurance that’s backed by the full faith and credit of the United States government.

Benefits:

• Earn Interest – put excess cash balances to work in money market deposit accounts (MMDAs)
• Maintain Access to Funds – withdraw ICS funds up to six times per month. In addition, make an unlimited number of program deposits as long as you stay within the program withdrawal limits.
• Peace of Mind – know that your money is always on deposit in regulated FDIC-insured institutions and that you can see (online) where your funds are at all times
• Save Time – avoid having to work directly with multiple banks

Zero Balance Account (ZBA)

Manage your funds more effectively by consolidating your balances into a primary concentration account. Automated transfers from a single concentration account allow you to disburse or deposit through multiple accounts. Additionally, you can segment and track transactions for improved accounting controls.

Benefits:

• Save Money – avoid overdrafts on accounts
• Increased Efficiencies – simplify cash within your account structure, maintain funding between accounts and eliminate manual internal transfers
• Increase Revenue – reduce idle cash in various accounts and provide a central pool of funds to improve investment returns