Securities Safekeeping

SunCorp provides third-party safekeeping of marketable securities to its members. Prudent investment management suggests that the safekeeping function be separate from the brokerage of securities. SunCorp's program allows your credit union to settle its securities purchases using the "delivery-versus-payment" (DVP) method — which ensures that funds are not disbursed until the security has been received into safekeeping. This method maximizes your earnings, and guarantees that your credit union is either holding the funds, or the marketable security — at all times.

SunCorp does all of the work, providing monthly statements of holdings and month-end market values to assist you in your accounting. All coupon payments are credited directly into your Cash Management Account, where they begin earning interest immediately.

For more information please see our Securities Safekeeping Guide or contact a Business Development Officer at BusinessDevelopmentDL@suncorp.coop.