Repurchase Agreement
You’ll find the relationship banking philosophy at work in everything we offer,
including our Repurchase Agreement, designed for the corporate customer and
high-net-worth individual who wants added security in a low-risk, convenient,
short-term investment. Simply put, this money market investment vehicle
involves the purchase of securities by an investor from a bank. The bank agrees
to repurchase the securities at the same price at some mutually agreed-upon,
future date. Repurchase Agreements provide investors with an instrument that
can be tailored to their exact maturity needs at prevailing money market rates.
And because your business is important to us, we can add the Texas Capital Bank
level of personal customer service and a competitive rate on investments as
little as $100,000.
Details
Interest is calculated on a 360-day basis.
The national repo market determines rates.
Trade confirmations provided at time of trade with detail for principal amount
sold, interest rate, interest at maturity, description and market value of
collateral purchased.
Minimum amount is $100,000.
Interest deposited to your account at maturity for a term investment or daily
for TFN (till further notice).
Standard PSA agreement required.
Repurchase cutoff time for same-day investment is 2 p.m. CST.
Direct investment line is 214.932.6711.