Term

WHAT ARE DTC ELIGIBLE CDs?

DTC (Depository Trust Company) Eligible CDs are a flexible and efficient way for banks to gather large deposits tailored to their specific needs. Issued in blocks of $1 million to $250 million, each deposit is represented by a single certificate issued and held in the name of the Depository Trust Company.

BENEFITS OF DTC ELIGIBLE CDs

DTC Eligible CDs complement traditional funding sources and effectively access the national marketplace. PMA Funding Advisors work closely with banks to determine an optimal allocation of DTC eligible CDs, giving banks the ability to better manage their cost of funds.

PMA Funding believes that in the years ahead, successful banks will be those that develop a well-managed, measurable and cost-effective wholesale funding strategy to complement their retail deposits. DTC Eligible CDs can play an important role in a bank’s diversification efforts.