JVB BROKERED CD'S
Using both fixed rate and variable rate financing, JVB's Brokered CD Origination Desk offers banks a unique way of providing liability management by specializing as a Brokered CD agent for your institution.
We utilize our broker dealer syndicate and electronic trading platforms to provide banks immediate access to a nationwide deposit raising system, while acquiring no “brick and mortar” costs.
Extensive Distribution
JVB offers distribution through its vast syndicate of broker dealers, advisors, and institutions throughout the U.S.
- Large volumes of CDs can be placed in as quickly as a few days.
- Maturity dates can be arranged for optimal asset-liability matching.
- Brokered CDs provide great name recognition for banks. The FDIC Act of 1991 states only financially sound institutions are permitted to issue brokered deposits. Thus, seeing a bank's name in the market can help broaden that bank's investor base, increase deposits, lower future funding costs, and increase the institution's net worth in the long-term.
Pricing
JVB is committed to offering banks our lowest All-In cost possible. The rate we offer is the lowest rate we feel confident will raise the capital amount a bank needs.
- All issues can be offered on a Best Efforts or Guaranteed (Take-down) level.
- Interest on all issues is calculated on an Actual/365 basis, and can be paid at the term requested by you: at maturity, monthly, quarterly or semi-annually.
Simplicity
Once a Brokerage Agreement is on file with JVB, only a terms agreement needs to be signed by the bank to initiate a deal. With all issues being DTC Book Entry, the bank then needs to sign one master certificate per issue (provided by us) upon completion of the deal.
- We can tailor a program to meet a bank's needs by varying maturities, issue size, and settlements. Sales of issues may also be restricted in any geographical area a bank may request.
- In any week a bank can issue 1, or as many as 10, maturities to raise the capital needed. Banks can issue as often as necessary, thus laddering the incoming funds and the maturing principle.
- Banks may also increase the original sales amount if additional funds are needed.
- Many banks use Brokered CDs as a simplistic way of raising deposits year after year by renewing issues as they mature.
Our Service Commitment
Our Brokered CD program is a simple and cost effective source of liquidity in most market conditions. We strive for the highest quality service and flawless execution on each and every deal.
This week's Rate Sheet
Diversify with JVB Brokered CDs 
Why Issue Callable CDs
Process of a Typical Brokered CD Offering
Example of Blank JVB Bank CD Issuer Agreement
If you are a bank representative and would like additional information, please contact the JVB Brokered CDs Desk at jvbbrokeredcds@jvbfinancial.com.
(Note: Some of the documents on JVBFinancial.com are for financial professionals only and are password-protected. If you are a financial professional and would like to obtain a user name and password, please contact your JVB Representative.)