Placement Feature. Reciprocal and One-Way If we are an FDIC-insured depository institution, we are eligible to use a feature of the DDA- MMDA Option in which, when we place deposits, we receive matching deposits placed by other participating institutions in the DDA-MMDA Option and may pay a fee to IntraFi (“Reciprocal Feature”). Whether or not we are eligible to use the Reciprocal Feature, we are eligible to use a feature of the DDA-MMDA Option in which, when we place deposits, we do not receive matching deposits, but we and IntraFi may receive fees from Destination Institutions (“One-Way Feature”).
Appears in 4 contracts
Samples: Ics Deposit Placement Agreement, Custodial Agreement, Custodial Agreement
