WORKING CASH® SWEEP
LINE OF CREDIT
EFFICIENTLY MINIMIZE INTEREST
EXPENSE
You need a cost-effective tool to minimize your interest expense
through the automation of draw downs and paydowns on your Line
of Credit. You want to eliminate the daily hassles of borrowing and
paying down this Line of Credit. You want the ability to automatically
invest idle cash balances when the outstanding balance on the Line
of Credit is equal to zero.
PNC delivers
At PNC, we combine a wider range
of financial resources with a
deeper understanding of your
business to help you achieve your
goals. To learn more about how
we can bring ideas, insight and
solutions to you, please contact
your Treasury Management Officer
or visit pnc.com/treasury.
PNC’s Working Cash® Line of Credit Sweep service provides a total, automated
liquidity management solution that helps you minimize interest expense, while
offering a range of investment options for excess cash balances to meet your
specific investment objectives.
Minimize interest expense and earn interest on idle cash
• Respond to day-to-day changes in your cash position by automatically linking
your non-interest bearing checking account (for a minimal fee) to a Line of Credit
and an available investment option.
• If funds are below your set target balance on your checking account, the
sweep service automatically borrows from your Line of Credit to cover daily
disbursement transactions and avoid costly overdrafts.
• Collected funds that exceed this target balance are automatically used to pay
down the Line of Credit. Once the outstanding balance is at zero, cash in
excess of your designated target balance is transferred to your investment.
• Maintain a target balance so that you can borrow only what is needed to keep
your account from being overdrawn.
• Pay down the Line of Credit automatically as cash becomes available in your
account, minimizing interest expense.
• Reduce time and cost associated with monitoring daily liquidity by making
automated daily borrowing/investment decisions after all transactions have been
posted to the deposit account.
pnc.com/treasury
Choose from three investment options to best meet your objectives
• PNC Bank Offshore Deposit Account held in PNC Banks Nassau, Bahamas branch
• BlackRock Money Market Mutual Funds (BlackRock Temp Fund/Fed Fund)
Automatic posting of interest expense and interest income
• Interest expense for the Line of Credit is automatically debited from your checking account at the
beginning of each month, eliminating the need to pay a separate invoice.
• PNC Bank Offshore Deposit — Interest accrued daily is paid to your checking account at the beginning of
each month.
• BlackRock Money Market Mutual Funds — Dividends are credited to your investment account at the
beginning of each month.
Timely access to investment account information
• Access your daily sweep balances and transactions via PINACLE®, PNC’s top-rated corporate online
banking portal.
• Receive a monthly statement that includes summary, daily investment recap, daily loan recap and
transaction history sections.
Working Cash® Sweep Line of Credit
Description
• Sweeps to and from a Line of Credit and investment
Benefits
• Line of Credit interest savings
• Automatic investment of excess idle cash
Average user
Seasonal client with irregular cash flow
Risk
• Investment balances not FDIC-insured
• Other risk depends on investment chosen
Minimum investment
• $100,000 for offshore Eurodollar deposit
• $0 for all others
Target balance
• $0 on Line of Credit
• Investment target balance determined by customer
• Monthly
Income paid
Investment options
• PNC’s offshore Eurodollar deposit
• BlackRock TempFund
• BlackRock FedFund
End-of-day/Next-day sweep
• End of day
PNC, Working Cash and PINACLE are registered marks of The PNC Financial Services Group, Inc. (PNC).
Banking and lending products and services and bank deposit products are provided by PNC Bank, National Association, a wholly owned subsidiary of PNC and Member FDIC.
Lending products and services, including the Working Cash Line of Credit Sweep services, require credit approval.
Important Investments Information: Brokerage and insurance products are: Not FDIC Insured. Not Bank Guaranteed. May Lose Value
Money market mutual funds are not insured by the FDIC or any other government agency, are not deposits or other obligations of, or guaranteed or endorsed by, any bank and may lose value.
PNC Bank Offshore Deposits are not insured by the FDIC or any other government agency. PNC Bank Offshore Deposits are maintained with PNC Bank’s Nassau, Bahamas, branch, and
payment thereof may be demanded only at that office.
©2012 The PNC Financial Services Group, Inc. All rights reserved.
pnc.com/treasury
0811-043-88