The Securities Exchange Commission (SEC) requires financial institutions to use an outside specialist to maintain securities. The Security Safekeeping process involves a safekeeping agent validating security yield disbursements and sending those disbursements via ACH to the financial institution.

Southwest Corporate's Security Safekeeping service is a safe and inexpensive way for credit unions to hold securities in safekeeping.

Securities held at Southwest Corporate are not used as collateral, a major safety benefit for credit unions using Southwest Corporate's Security Safekeeping service...

In addition to added safety, Southwest Corporate's security safekeeping provides your credit union:

• Automatic settlement of purchases through your overnight account
• Delivery versus payment (DVP) settlement - simultaneous transfer of funds and securities
• Coupon payment deposits into your overnight account
• Monthly statements with an accurate inventory of your securities
• Monthly valuation report
• Reverse repurchase agreement option - sell a security held in safekeeping to Southwest Corporate with an agreement to buy it back on a specified date for an agreed-upon amount, earning an additional spread on your security.
• Very competitive prices

Your members and your credit union benefit with Southwest Corporate's Security Safekeeping. For more information about Security Safekeeping, contact Investment Services at contactis@swcorp.org or 800.405.7067.