The Bureau of Collateral Management specializes in the management, control and
reporting of regulatory collateral deposits. Regulatory collateral deposits are
required of various entities by state agencies and governmental units as a
condition of doing business in Florida as acts of guarantee or proof of
financial responsibility. This management specialization allows the use of
custodial contracts and financial information services that are not available
or not cost effective for individual regulatory entities purposes and provides
control and safe keeping of the required deposits.
Collateral Management provides the specialized management through a Collateral
Administration service whose responsibilities include establishing account
information, evaluating security issues for market value and deposit
eligibility, reconciling and confirming inventory information, processing
account mergers and record changes, taking legal and administrative action, and
processing cash deposits, interest allocations and disbursements. Collateral
Management ensures minimum collateral values are maintained and notifies
participating agencies in cases of collateral deficiencies.
Collateral Management also provides a Program Administration service that is
charged with, among other duties, the administration of the “Florida Security
for Public Deposits Act”, a statewide program insuring that public deposits of
the state and governmental units are protected from loss due to failure of a
financial institution. Elements of this administration include analyzing the
financial condition of banks and savings associations participating in the
Public Deposits program in order to qualify them for service to public
depositors throughout the state.
Collateral Management has deployed a browser based inventory system that
provides you, our customers, quick access to your account information and the
ability to interact with the bureau electronically. The Collateral
Administration Program (CAP) is organized operationally between
Collateral Administration and Program Administration with critical elements
accessible within each operation. Each section is identified in the menu on
your left. Please explore our new web site. We value your comments on what you
like about the site as well as ideas for improvement. The anticipated External
Collateral Administration Program (ECAP) is currently under construction and
will be brought to our customers in phases. Thank you for taking the time to
let us know how we are doing at CollateralManagement@FLDFS.com.
We look forward to hearing from you.