Insured Cash Sweep / IntraFi / CDARS — impact tolerance ≤ same day — ITOL

Impact tolerance: ≤ same day — any outage preventing same-day sweep settlement, for any share of swept balances (illustrative default — trace the derivation, then replace with your own harm analysis)

Definition: Deposit-placement network service that sweeps customer balances above standard FDIC limits across a network of participating banks in increments to maximize aggregate FDIC insurance coverage.

Why it is designated: IntraFi's own program description explains that funds are swept in increments below the standard FDIC insurance maximum across network banks. The FDIC's brokered-deposits rule (effective 2021) governs how these reciprocal/network deposits are classified, so the sweep must settle same-day to keep balances insured.