Genuine question: can anyone confirm if SVB required startups participating in their venture loans to use them as their exclusive bank for deposits to ensure co

Genuine question: can anyone confirm if SVB required startups participating in their venture loans to use them as their exclusive bank for deposits to ensure collateral? I heard that mentioned elsewhere and it seems like maybe its indicated at item 5.2 in this registered loan agreement[1], but the internet is a tricky place and legal language doesn’t always say what you think. That said, it would explain why there was so many uninsured, exclusive deposits and why VC’s who had built those loans into their fundraising recommendations/strategies are freaking out. The usual risk management strategies for large deposit accounts get thrown out the window when they’re disallowed by the loan agreement you depend on, for a loan you’re unlikely to have secured anywhere else. [1] https://www.sec.gov/Archives/edgar/data/1386858/000119312512245995/d178027dex1024.htm https://www.sec.gov/Archives/edgar/data/1386858/000119312512...