eCD™
Increase Your Margins & Get the Best CD Rate Execution
eCD is an automated CD portal hosted by SunGard®. It is an online market exchange enabling community bankers and institutional investors to conduct CD transactions without traditional hassles and administrative costs. eCD is a faster, more efficient and cost-effective solution to CD issuance. Benefits include:
| ► | Better Rate Execution | ► | Issuing banks determine what rates/amounts to post; CDs are sold directly to institutional investors online at 10 to 15 bps better than broker rates | ||
| ► | Reduce the Costs of Traditional CDs | ► | Automated, paperless platform reduces the costs of issuing, documenting, accounting and tracking CDs. | ||
| ► | Point-and-Click Ease | ► | Automated features eliminate the numerous hassles of signature cards, back-and-forth negotiations and CIP requirements. | ||
| ► | eCD participants are CIP exempt | ► | Automated platform reduces the costs of issuing, documenting, accounting and tracking of CDs. |
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