FDIC Eligibility Clause Samples

FDIC Eligibility. No FDIC Insurance of Federal Funds Account, Eurodollar Account or Repo Account. Your Sweep Account is insured by the Federal Deposit Insurance Corporation up to the current maximum insurance limit (currently generally $100,000), but your Eurodollar Account, Federal Funds Account or Repo Account is NOT INSURED BY THE FDIC. This means that funds that are swept out of your Sweep Account and into your Eurodollar Account, Federal Funds Account or Repo Account are not federally insured by the FDIC for the period of time they are in the Eurodollar Account, Federal Funds Account or Repo Account. When the funds are swept back into the Sweep Account, they are again insured by the FDIC.