Commercial sweep accounts are an effective means to retain or attract commercial customers, but sweeps require banks to assign collateral, generate reports and print notices for each individual account on a daily basis. ITI’s Repurchase Agreement Reporting Module (RAM) reduces the labor needed to service sweep accounts and improves the efficiency of commercial banking operations by making these tasks part of banks’ automated daily posting routines.

RAM integrates seamlessly with ITI’s Premier account management system and Bond Accounting System (BAS) to download the information needed to assign collateral, generate reports and print notices. Once RAM is installed and incorporated into the posting process, it runs without operator intervention.

RAM can also be used by banks not currently using Premier or BAS to streamline their operations through the importing comma-delimited data (*.csv files).

By incorporating RAM into their operations, banks reduce the time spent on routine regulatory tasks and create more time for customer service and other important functions.

For more on Repurchase Agreement Reporting Module, contact
Information Technology, Inc. at 402.421.4207.