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Agiletics A.B.S. (Automated Borrowing Sweep System)
Automated credit sweeping between multiple credit lending application sources and DDA

Product Benefits

Monitors and maintains multiple DDA balances

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Allows your existing credit sources to be integrated with cash management products

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Fully integrates with coordinated sweeping along with sweeps to investment products*

Agiletics A.B.S. (Automated Borrowing Sweep System) allows your existing credit sources to be integrated with cash management products. A.B.S. is a module that enables banks to integrate credit funding and payments between their DDA accounts and their core commercial lending, credit card, asset backed lending, and other credit sources.

Typically, in a composite account treasury-servicing scenario, the Agiletics CAMS modules would fund DDA accounts using a customerís surplus available DDA balances, then from available investments, and finally from available credit. In the event that a customer has surplus deposit balances after complete demand deposit funding, then the CAMS modules could optionally pay down an outstanding credit and invest any remaining surplus funds into one or multiple types of investments if desired.

Key features include:

  • Monitors and maintains target DDA balances and can fund multiple DDA accounts for a bank customer from a single credit source - even across banks.
  • Credit sweep advances and loan payments are integrated in combination with DDA and investment sweeping to maximize the best use of funding.
  • Fully automated menu-controlled products, fee processing, loan payments, and general ledger interfaces are supported.
  • Fully integrates with coordinated sweeping along with sweeps to investment products in the Agiletics Fund Sweep and Agiletics Investments Systems.

 

* NOTE: Agiletics A.B.S. is only licensed in conjunction with the licensing of the Agiletics Investments and/or Agiletics Fund Sweep Systems.