
Special Contingency Funding Plan Account Program
Recently, we have had banks inquire with us because they are developing and/or updating their Contingency Funding Plan (CFP). As a result, we are now offering banks the ability to simply fund their IDC Funding Account with a very minimal deposit of $10,000.
This allows the bank to document our funding program and it demonstrates that the bank has tested the program as well. We just require a minimum deposit of $10,000; you may elect to deposit more, but we realize many banks are flush with deposits.
Please click here if you are interested to learn more about the CFP Account or if you would like to receive our Sample CFP document to assist you with your CFP planning process.
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