Repurchase Agreement Sweep Service
Let Broadway Bank help you keep excess cash invested at all times.
Broadway's Repurchase Agreement Sweep Service (Repo Sweep) will
automatically invest your company's idle balances. Repo sweeps require a
minimum sweep investment of $100,000 each day for investment. Funds are
transferred into an investment account collateralized by a "bank owned" U.S.
Government mortgage backed securities. Just specify a target balance for your
primary deposit account and funds will be transferred into the collateralized
account on a daily basis.