Examples of Clearing Agent in a sentence
The Clearing Agent will direct and otherwise cause the unaffiliated Program Banks participating in the Expanded Bank Deposit Sweep program to credit interest on their respective deposits at the same rate then being credited by the affiliated Program Banks.
The Clearing Agent will debit and credit your bank deposits to accommodate this processing.
Furthermore, you may be required to provide certain documentation to the FDIC and the Clearing Agent before insurance payments are made.
Only balances transferred by the Clearing Agent will be eligible for inclusion in the Bank Deposit Sweep Programs.
If the Clearing Agent makes any change, there is no guarantee that such change will provide an equal or greater rate of return to you during any given period, and the rate of return may be lower.