A Tiered Approach to
Your Cash Needs

Solid planning with a tiered framework to help you achieve your objectives

Operating, Core And Strategic Cash

Dreyfus Cash Solutions offers a diverse set of products that may improve income and/or return potential across the spectrum of available cash pools – and with a lower risk profile than might be expected. By creating an account plan using a “tiered” investment strategy, we can help break down your inventory of cash to provide the necessary liquidity and income potential for your overall portfolio.

Structure your inventory of cash with a range of products from those designed for ready liquidity to those with moderate maturity extension that pursue higher yields, to ones with investment grade credit quality for a long-term horizon (up to a 3-year duration).

Investment Options

First tier investments:

  • Domestic and Offshore Money Market Funds1,2
  • Insured Network Deposits® Program5
  • Private Funds3
  • Short Term Investment Strategy (STIF) SMA4

Characteristics

  • Day-to-day cash flows, benefit payments, grant payments
  • Ready liquidity
  • Average 30-60 days maximum Weighted average maturity (WAM)

 

First tier investments plus:

  • Enhanced cash SMA4
  • Ultra Short Government/Credit SMA4
  • Ultra Short Income Mutual Fund6

 

  • Capital calls, benefit payments, grant payments, debt servicing, overlay, longer horizon cash needs
  • Minimal liquidity
  • Moderate maturity extension
  • Focused credit guidelines (A or better)
  • Pursues higher yields than tier one

 

First and second tier plus:

  • US Core 1-3 year Government/Credit SMA4

 

  • Construction costs, matched funding, capital calls, long-term horizon, buy-and-hold strategy or total return
  • Minimal liquidity
  • Maturity extension to match liabilities or 1-3 year index
  • Investment grade credit quality

What Sets Us Apart

Robust Fundamental Credit Research

 

  • Independent from portfolio and risk management
  • Fundamental research performed to identify, evaluate and monitor issuers whose securities may be purchased
  • Primary analysts are assigned to each credit covered by the group
  • Best-practices surveillance standards

Investment Experience

 

  • Team process draws on diverse expertise to develop and execute strategies
  • Seasoned investment professionals — many of whom have decades of asset management experience
  • Dedicated trading team with close working relationships across the fixed income brokerage and wirehouse communities

Transparent, Disciplined Process

 

  • Ongoing communication to help ensure clients' needs are met at all times
  • Consistent implementation of strategies
  • Periodic due diligence calls with senior credit and investment professionals

Risk Management Oversight

 

  • 100% independent risk management oversight
  • Risk operations; market risk; internal audit
  • Robust stress testing for various market events to identify, monitor and measure risk
  • Automated pre-trade/post-trade portfolio surveillance

Why It Matters

  • Deliver a conservative investment strategy
  • Identify and manage evolving risks to help preserve and protect our clients’ investments
  • Provide a transparent and informed investment process to our partners

1 Offshore Money Funds are not available to U.S. Persons (as described in the Prospectus) and may only be offered and sold in accordance with Regulation S under the Securities Act of 1933 by authorized entities.

2 Sub-advisory products are only available through sub-advisory relationships with BNYM Investment Adviser, Inc.

3 Private funds are not registered under the Investment Company Act of 1940, as amended, and interests in Private Funds are not registered under the Securities Act of 1933. Interests in Private Funds may only be offered to Accredited Investors and Qualified Purchasers as each term is defined in the Securities Act of 1933 and the Investment Company Act of 1940, respectively.

4 The SMA strategies referenced above are managed by Mellon Investments Corporation ("Mellon"), a global multi - specialist investment manager dedicated to serving its clients with a full spectrum of research-driven solutions. Mellon is registered investment adviser an indirect subsidiary of The Bank of New York Mellon Corporation.

5 The Insured Network Deposit (IND) Service, an FDIC insured, multi-bank deposit program designed to provide an alternative to offering traditional money market mutual funds as a cash sweep option. The IND Service does not involve investment in a money market mutual fund. The IND Service is a product of Promontory Interfinancial Network, offered through a private labeling arrangement with the Dreyfus Cash Solutions division of BNY Mellon Securities Corporation (BNYMSC) and is available only to clients of broker/dealers who clear through Pershing, LLC (Pershing). BNYMSC and Pershing are subsidiaries of The Bank of New York Mellon Corporation (BNY Mellon). Promontory Interfinancial Network is not affiliated with BNY Mellon. Unlike the IND Service, which offers FDIC insurance on cash deposits, money market mutual funds are not FDIC-insured and involve risk to principal. Promontory Interfinancial Network is an affiliate of Promontory Financial Group, a leading provider of regulatory consulting to banks, broker-dealers and other financial services firms.

6 Such funds are not money market funds and therefore are not subject to the maturity, quality, liquidity and diversification requirements applicable to money market funds. Short-term bond funds do not attempt to maintain a stable NAV and may be subject to greater risk than money market funds. There are also substantial differences in the objectives and investment limitations between money market funds and the investments found in ultra short bond funds.

 

Investors should consider the investment objectives, risks, charges, and expenses of a mutual fund carefully before investing. Download a prospectus, or summary prospectus, if available, that contains this and other information about the fund, and read it carefully before investing.

An investment in any money market is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Past performance is no guarantee of future results.

Diversification and asset allocation do not ensure a profit or protect against loss. 

The presentation shall not constitute an offer to sell or the solicitation of any offer to buy interests, which may only be made at the time a qualified offeree receives a confidential offering memorandum describing the offering and related subscription agreement.

Dreyfus Cash Management Solutions provides institutional investors and intermediaries with a variety of domestic and offshore money funds and short duration separate account strategies managed by investment firms within BNY Mellon Investment Management, including the Dreyfus Cash Investment Strategies Division of BNY Mellon Investment Adviser, Inc. (the Adviser), Mellon and The Bank of New York Mellon. Securities are offered by BNY Mellon Securities Corporation (BNYMSC), a registered broker-dealer and FINRA member, through its Dreyfus Cash Solutions Division. BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, encompassing BNY Mellon's affiliated investment management and global distribution firms and wealth management organization.

Certain advisory products managed by Mellon are offered by officers of Dreyfus Cash Solutions. Bank collective funds are offered by The Bank of New York Mellon. BNYMSC, the Adviser, Mellon and The Bank of New York Mellon are subsidiaries of BNY Mellon. BNY Mellon Investment Management collectively encompasses BNY Mellon’s affiliated investment management firms, wealth management services and global distribution companies. BNY Mellon is the corporate brand for The Bank of New York Mellon Corporation.

CIS-145013-2020-10-09