BSM PRODUCT
Compliance
BSM automates what would otherwise be a time and resource-intensive compliance process for in-house sweeps. Our hundreds of customer banks have completed thousands of successful audits making BSM a proven solution.
BSM is a daily sweep without Reg D limitations. Customer balances are swept overnight by your core banking systems into Repurchase Agreements (Repos), which are short-term debt obligations of the bank collateralized by securities that are backed by the full faith or implied credit of the U.S. Government. Without BSM, the administration of Repos is extremely labor intensive and riddled with compliance issues.
When your customers’ balances are allocated by BSM, the software instantly produces Repurchase Agreement confirmations in PDF format and automatically sends a secure email of the PDF report to the client to ensure regulatory compliance. And BSM is fully auditable, giving you peace of mind!
Within 30 minutes you can install and get operational with BSM.