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Display event - The Anatomy Of A Bank Sweep

The Anatomy Of A Bank Sweep

The Anatomy Of A Bank Sweep
This presentation: defines “Bank Sweeps”; provides both the Bank’s perspective and the Surety’s perspective; the underlying competing objective of mitigation of losses; taking a proactive approach; quantifying that portion of the sweep that came from bonded versus non-bonded contract revenues; priority interests as to each; and steps the Surety can take to go about protecting those interests.

We will also address practical ways to co-exist with banks and how to potentially achieve a win-win for both the Surety and the Bank as to the available Indemnitor funds, while avoiding protracted and expensive litigation (keeping in mind that the bank sweep may have already occurred before the Surety was contacted by the principal).   

The registration rate is $75 for DRI members and $150 for non-members.

Program Date & Time:  May 14, 2021 |  12:00 PM Central

Note: You will receive your login information via email the day before the webinar.

Please review our event terms before registering: https://dri.org/about/event-terms


To register for this webinar, please log in to your DRI account. Non-members can create a guest account. If you have any trouble logging into your account, please contact DRI Customer Service at 312.795.1101

When
5/14/2021 12:00 PM - 1:30 PM
(If you would like to receive the latest information on this seminar via text messaging, please provide your cell phone number. Please note: DRI will only use your cell phone number for communicating with you about this seminar via text messaging. Standard message and data rates may apply.)

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