:Demand Deposit MarketplaceSM (DDM)
In today's market, community bankers need choice more than ever. We make customer preference a priority. Demand Deposit MarketplaceSM (DDM) is the only daily sweep program that offers choice while providing a total balance sheet management solution proven to help community bankers better compete in a rapidly changing environment.
Only DDM's flexibility enables your bank to have unmatched control over its liquidity and balance sheet needs with the choice of becoming a “Send”, “Receive”, “Reciprocal", or "Reciprocal Plus” bank. Whether you need deposits, have excess liquidity, or want to maintain deposit levels while providing your customers with expanded FDIC insurance, DDM has a deposit relationship that is right for you.
Quick Facts:
- Expanded FDIC insurance
- 12:30 pm ET cutoff (latest in industry)
- Competitively priced
- Fully automated daily sweep
- Ability to pay interest to all account types
- Ideal Contingent Funding Plan Solution
| Send Only | Receive Only | Reciprocal | Reciprocal "Plus" |
|---|---|---|---|
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Send Excess Deposits to Other DDM Banks
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Take on Additional Deposits from Other DDM Banks
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Exchange Deposits with Other DDM Banks
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Exchange Deposits with Other DDM Banks
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We invite you to compare us to any other provider using our Program Capabilities Guide.
Reich & Tang has built a reputation on offering the most flexible solutions tailored to meet its clients’ needs. Contact us at info@rnt.com to learn how Demand Deposit MarketplaceSM is the right choice for you in meeting your deposit and liquidity goals.