Knowledge Base

Browse through the articles and topics below to learn more about how eConnectDirect’s multi-faceted tools provide you with the information you need to make your daily transactions simple and profitable.

Articles
Click any of the links below to view articles featuring MBS employees that pertain to fixed-income investing and contingency funding:

Contingency Questions: Exploring Funding Alternatives For Credit Unions

  Save Time, Reduce Expenses and Increase Return on Your Investments With MBS and eConnectDirect

  Protecting Your Online Portfolio Just Got Easier: eConnectDirect CD Insurance Analysis

 It’s Easy to Have More Confidence: Five Steps to Easier Investing

Resources
Click on the glossary headings below to learn more about these topics.

• eConnectDirect (Physical) CDs

  Are They Right For You as an Issuing Institution?

  eConnectDirect CDs are direct deposit placements to the issuing bank or credit union. Also known as network CDs, listing service deposits, Internet CDs or physical CDs, this deposit resource allows financial institutions the opportunity to offer CD rates to a network of subscribers to attract deposits. All eConnectDirect CDs follow the regulatory guidance of a listing service deposit and are not classified as a brokered CD.

  Benefits to Issuers

  • No monthly or annual subscription fees
  • On-demand liquidity
  • Unique and diversified liquidity resources (including non-secured public funds)
  • No minimum issuance size
  • Compliant with FDIC guidelines to qualify for a non-brokered, listing service deposit
  • No minimum capital requirements
  • No brokered CD rate negotiations (your rate/your term)
  • Simple, fast and easy means to communicate CD rates to the institutional market(s)

  
  Who Can Participate?

  FDIC- and NCUA-insured financial institutions can offer CD rates on eConnectDirect

  Why/When to Issue

  • When your liquidity/deposit needs dictate
  • Interested in deposits settling same/next day
  • To match fund loans
  • To capture term liabilities not available in local markets
  • To avoid cannibalization of local market depositors
  • To "test" lines of credit (CFP)
  • Capital status prohibits other deposit sources

  
  Why Multi-Bank Securities, Inc.?

  MBS has funded more than 3,000 deposits for financial institutions and delivers a unique, consistent and diversified source of liquidity. Our funding team has more than 125 collective years of experience and is available to offer guidance and strategies to fund your specific CD efforts.

• Pershing Safekeeping

  As a value-added service to our clients, Multi-Bank Securities, Inc. offers free safekeeping through Pershing LLC (Pershing), a BNY Mellon company.

  Click here to learn more about Pershing Safekeeping.