Brokered CD Issuance
Issuing brokered CDs allows you to lock in long-term liquidity without disrupting local market pricing or paying local market premiums. They are FDIC-insured (based on existing deposit insurance rules), do not require collateralization, and provide a cost-effective source of wholesale funding. Unlike typical retail deposits, which can be redeemed prior to maturity, brokered CDs can be redeemed early only in the event of death or adjudication of insanity.
We have an extensive distribution network to help you issue brokered CDs. Our affiliated swap provider, Vining Sparks Interest Rate Products, LLC, can structure and execute interest rate swaps to create your desired funding profile. Combining brokered CDs and interest rate swaps is a great way to create cost-effective term floating rate funding.