1. IEEE Canadian Concentration Banking Program
Chuck Krajcsik
Senior Manager, Treasury Operations
Region 7 Meeting
1 May 2009
St. John’s Newfoundland

2. Presentation Outline
Overview of the IEEE Concentration Banking Program
Benefits
Online Reporting
CB Card Program
Pilot Program/Rollout

3. IEEE Concentration Banking Program
Overview
Current US Program – Regions 1 - 6
USD Business checking account with Wachovia/Wells Fargo Bank (Region 8 – 10 Custody)
800 + Accounts active
Online statements, streamlined administration, no fees
Canadian Program – Region 7
CAD Account with JP Morgan Chase Toronto
Deposits through Bank of Montreal
Business checking account with all of the benefits of the current US program
Accounts opened so far: 16!
I’m sure many of you are familiar with the IEEE Concentration Banking program. It provides an interest bearing checking account which pays interest equal to the US six-month rate on certificates of deposit.
The Concentration Banking program allows the local unit to retain control of its funds while eliminating almost all banking fees.
This program was intended originally for the US Sections, but is also being used by non-US units for Custody Accounts and short-term investment accounts.
If you have more questions about Concentration Banking, stop and see Treasury Manager Chuck Krajcsik (KRAY-CHECK) in the Financial Services Lab. He manages the program at IEEE Headquarters.

4. IEEE Canadian Concentration Banking Program
Benefits
Streamlined account administration
Signature card administration handled through IEEE
No fee business checking account
No minimums, per check or maintenance fees
Interest rate
Interest rate paid based on Canadian 6 month T-Bill
Benefit of fixed rate with daily liquidity
CB Card for purchases
Accepted wherever MasterCard is accepted
Processed as a debit card charge against CB account
Access to IEEE Preferred Suppliers such as: Fedex, Dell and
1-800-Flowers
Online statements
Access via web account ID
Excel download capability
On-line check images -when available by banks.
I’m sure many of you are familiar with the IEEE Concentration Banking program. It provides an interest bearing checking account which pays interest equal to the US six-month rate on certificates of deposit.
The Concentration Banking program allows the local unit to retain control of its funds while eliminating almost all banking fees.
This program was intended originally for the US Sections, but is also being used by non-US units for Custody Accounts and short-term investment accounts.
If you have more questions about Concentration Banking, stop and see Treasury Manager Chuck Krajcsik (KRAY-CHECK) in the Financial Services Lab. He manages the program at IEEE Headquarters.

5. From “Access Your Account” link

8. Sample Statement

9. Sample Statement

10. IEEE Concentration Banking Card Program (CB Card)
USD CB Cards launched in 2007, CAD CB Cards in 2008
The CB Card is a MasterCard with debit features allowing Treasurers to make payments wherever MasterCard is accepted
Each transaction amount is deducted directly from your Unit’s Concentration Bank Account effective the date the transaction was processed by the vendor
CB Cards can also be used to access local currency at ATMs world wide
All CB Card activity is posted to your statement and includes all payment details
Card application and service is coordinated through the IEEE Procurement Department. All questions regarding the CB Card Program should be directed to:
I’m sure many of you are familiar with the IEEE Concentration Banking program. It provides an interest bearing checking account which pays interest equal to the US six-month rate on certificates of deposit.
The Concentration Banking program allows the local unit to retain control of its funds while eliminating almost all banking fees.
This program was intended originally for the US Sections, but is also being used by non-US units for Custody Accounts and short-term investment accounts.
If you have more questions about Concentration Banking, stop and see Treasury Manager Chuck Krajcsik (KRAY-CHECK) in the Financial Services Lab. He manages the program at IEEE Headquarters.

11. Sample CB Card Transaction

13. IEEE Canadian Concentration Banking Program - Update
Pilot initiated with Region 7 account
CAD account opened at JPMorgan Chase, Toronto in December 2007
System testing beginning in January 2008
Transaction file testing completed in March 2008
Live Pilot in April 2008
CB Card Pilot in May 2008
Available to all Sections at Sections Congress in September 2008.
Conference Pilot in 2009.
Thank you for your participation and support.
Feedback and questions.
I’m sure many of you are familiar with the IEEE Concentration Banking program. It provides an interest bearing checking account which pays interest equal to the US six-month rate on certificates of deposit.
The Concentration Banking program allows the local unit to retain control of its funds while eliminating almost all banking fees.
This program was intended originally for the US Sections, but is also being used by non-US units for Custody Accounts and short-term investment accounts.
If you have more questions about Concentration Banking, stop and see Treasury Manager Chuck Krajcsik (KRAY-CHECK) in the Financial Services Lab. He manages the program at IEEE Headquarters.

14. Concentration Banking Program
Contact Information
Concentration Banking Program
Web:
Phone:
CB Card Program
Phone:

16. Canadian Interest Rate Comparison
2005
2006
2007
2008
2009
6 Mnth. T-Bill
1 Yr. GIC
JAN
2.51%
1.43%
3.68%
2.03%
4.19%
2.68%
3.37%
2.58%
0.92%
1.03%
FEB
2.56%
3.86%
2.63%
4.20%
2.98%
3.03%
2.38%
0.66%
0.88%
MAR
2.66%
1.63%
3.97%
2.83%
2.24%
1.93%
0.47%
0.38%
APR
2.55%
1.48%
4.11%
4.24%
2.67%
MAY
2.53%
4.23%
3.08%
4.44%
2.70%
JUN
1.28%
4.41%
4.55%
3.13%
2.96%
2.13%
JUL
2.74%
4.22%
4.67%
3.28%
AUG
2.79%
4.16%
2.93%
4.28%
2.64%
SEP
3.06%
4.13%
2.88%
4.17%
2.29%
OCT
3.27%
1.78%
4.25%
NOV
3.53%
4.15%
2.78%
3.94%
1.58%
DEC
3.66%
0.85%
1.08%
AVE. PER YR.
2.87%
1.53%
4.26%
2.39%
1.99%
0.68%
0.76%
Rates reported from:
6 Mnth T-Bill rate is reported as of the last business day of each calendar month.
1 Yr. GIC rate is reported as of the last Wednsday of each calandar month.

17. IEEE Concentration Banking Interest Rates
2004
2005
2006
2007
2008
2009
JAN
1.13%
2.93%
4.78%
5.36%
1.60%
FEB
1.09%
3.12%
4.94%
5.29%
1.85%
MAR
3.34%
5.07%
2.69%
1.72%
APR
1.32%
5.25%
5.31%
2.98%
MAY
1.55%
3.50%
5.30%
5.34%
2.92%
JUN
1.87%
3.67%
5.56%
3.10%
JUL
1.94%
3.82%
5.48%
3.11%
AUG
1.96%
4.01%
5.40%
5.57%
3.14%
SEP
2.10%
4.20%
5.33%
5.13%
4.80%
OCT
2.23%
4.44%
4.75%
3.25%
NOV
2.59%
4.55%
4.97%
2.68%
DEC
2.74%
4.63%
4.62%
1.70%
AVERAGE PER YR.
1.80%
3.80%
5.19%
3.02%