On occasion our bank accepts brokered deposits from places like Merrill, Solomon Smith Barney, etc. These deposits are a consolidation of many individual customers to make a single CD and we don't know who the underlying individuals are - there could be 4,000 to 7,000 unique individuals.
I'm struggling on what sort of CIP slot they fit into.
Can I treat them the same way I would a third party loan purchase? What is everyone else doing?
Thanks
_________________________
The opinions are mine and do not necessarily reflect those of my employer.