An effective cash management tool

Many schools find it prudent to supplement their reserves with proceeds from the Cash Reserve Program. By providing an additional reserve to the general fund, the TRANs Program offers participants a low-cost cash management tool.

Low borrowing costs

The Program’s structure, top credit rating and low issuance costs combine to produce a cost-effective short-term financing solution. By pooling the issuance of TRANs throughout the State, the Program is able to commit to low financing costs.

Maximum investment opportunity

Participants in the program are offered a fixed rate deposit agreement (highly rated) for their TRAN proceeds, allowing participants to enjoy flexibility of access to their funds, while maintaining the security of a guaranteed fixed rate of return on amounts on deposit.

Flexible use and repayment of proceeds

Proceeds may be drawn to meet cash-flow needs and repaid or reinvested to the deposit agreement without reinvestment risk penalty to the extent the proceeds are in the fixed-rate GIC.

Easy and efficient administration

CSBAFC, Piper Jaffray & Co. and Orrick, Herrington & Sutcliffe structure, coordinate and administer the entire program, minimizing the time and effort required by your staff. You will receive assistance with your cash flow projections, no presentation to the rating agencies - if required - and simple monthly statements and quarterly investment reports are provided for proceeds invested in the fixed-rate deposit agreement.

A Proven Track Record

The cost-effective, low risk Cash Reserve Program has a proven track record of meeting school districts’ needs. The economics, low-risk, flexibility and simplicity make the Program an attractive solution in meeting districts' cash flow needs. Providing high quality service, fiscal performance and safety features are our most important objectives. We deliver a safe, simple, and superior product and service.