AFP Exchange – November 2016: Day of Reckoning

October 14, 2016 DAY OF RECKONING Money fund reform is here. Are your portal and TMS up to the task? by Thomas C. Knight, CCM October 14, 2016 was “E-Day” for U.S. corporate treasurers, as it was the effective date for Rule SEC 2a-7. After several years of industry deliberation, additional money market  ...

Brexit Clouds Europe’s MMF Reform Prospects

July 01, 2016 ITREASURER.COM BREXIT CLOUDS EUROPE'S MMF  REFORM PROSPECTS European MMF reform approaches important stage but Brexit adds uncertainty. The European money market fund (MMF) reform effort has made recent strides forward, but the United Kingdom’s June Brexit vote means there’s no time for dilly dallying or risk the initiative  ...

treasuryandrisk.com – Bracing For New Money Fund Rules

June, 2016 TREASURYANDRISK.COM BRACING FOR NEW MONEY FUND RULES by Susan Kelly When prime funds switch to a floating net asset value this fall, many investors are expected to find other places to stow their cash. The approach of the October implementation date for new rules governing institutional prime money market  ...

ITreasurer.com – Navigating the New Treasury Investment Era

May 7, 2016 ITREASURER.COM NAVIGATING THE NEW TREASURY INVESTMENT ERA As the market prepares for upcoming MMF regulations, iTreasurer sat down with ICD’s Jeff Jellison and Sebastian Ramos to discuss their perspective on how these regulations may impact corporate investment. They discuss what steps should be taken ahead of October 2016 to  ...

Corporate Treasurers, Treading Carefully Amid Regulatory Landmines

April 20, 2016 PYMNTS.COM Dodd-Frank and a host of other legislative mandates mean that corporate treasurers need to be aware of a constantly shifting asset management landscape and need to be proactive, according to International Cash Distributors. The world of corporate treasury management has of late had to focus especially hard  ...

Crane Data – Money Fund Intelligence: ICD on Prime MMFs, Alternatives

APRIL, 2016 ICD PORTAL'S TORY HAZARD ON PRIME MMFs, ALTERNATIVES This month, Money  Fund  Intelligence  profiles Tory Hazard, President and COO of Institutional Cash Distributors. Hazard talks about the growth of ICD, which has expanded beyond money funds to include short-term bond funds, SMAs, private funds, and bank deposit products.  ...

MMF Rules Cause Anxiety for Some Treasurers

JULY, 2013 AFP EXCHANGE STRESSED OUT - NEW MMF RULES CAUSE ANXIETY FOR SOME TREASURERS Thomas C. Knight, CCM

The Security and Exchange Commission's proposed regulations for money-market mutual funds, which include a floating NAV in one scenario and gating and liquidity fees in another, are causing anxiety for some corporate  ...

Treasury Pros Mixed on Geithner’s New Effort

OCTOBER 01, 2012 afponline.org MMF REFORM: TREASURY PROS MIXED ON GEITHNER'S NEW EFFORT Andrew Deichler After SEC Chairman Mary Schapiro failed to gain majority support for further money-market fund reforms from her fellow commissioners, an overhaul of the industry looked to be off the table, at least in the near  ...

Money Market Reform Fight Not Over Yet

AUGUST 29, 2012 CFO.COM MONEY MARKET REFORM FIGHT NOT OVER YET Despite a setback at the SEC, U.S. regulators are still committed to imposing more regulation on a popular holding place for corporate cash. Vincent Ryan Corporate treasurers who invest in money-market funds and were opposing further regulatory reform of  ...

Grave Threat to Money Funds

MARCH 5, 2012 FINANCIAL TIMES GRAVE THREAT TO MONEY FUNDS Steve Johnson A press release with the unwieldy title, "Treasury Industry Leaders Counter Regulatory Reform Options with Revolutionary Self-​Policing Investment Parameters as Part of an End-​To-​End Money Market Fund Investing Process" announced a the addition of guidelines from Treasury Strategies'  ...

Opposed to Additional Regulatory Action

MARCH 5, 2012 GT NEWS CORPORATE TREASURERS STRONGLY OPPOSED TO ADDITIONAL SEC MMF REGULATORY ACTION Joy MacKnight More than 95% of respondents polled by Institutional Cash Distributors (ICD), an independent money market fund (MMF) trading and risk management company, stated that their company would reduce MMF investments if the SEC  ...

Opposed To More Money Market Regs

MARCH 5, 2012 CFO.COM TREASURERS, FIDELITY OPPOSE MORE MONEY MARKET REGS New money market fund regulations being debated by the SEC could cause corporate treasurers to pull more than $700 billion from the sector, says one survey. Vincent Ryan While Federal Reserve chairman Ben Bernanke and Securities and Exchange Commission  ...

Option #9 – ICD Introduces New Approach

JANUARY/FEBRUARY, 2012 AFP EXCHANGE OPTION #9 - ICD INTRODUCES NEW APPROACH TO MMFs Andrew Deichler Institutional Cash Distributors (ICD) has posed a challenge to the President's Working Group (PWG) Money Market Fund Reform Options report, stating that the eight new reform options that the report proposes are unnecessary. ICD issued  ...

Transparency Plus Adds Treasury Guidelines

AUGUST 2, 2011 CRANE DATA ICD'​s Transparency Plus Adds Treasury Strategies Guidelines A press release with the unwieldy title, "Treasury Industry Leaders Counter Regulatory Reform Options with Revolutionary Self-​Policing Investment Parameters as Part of an End-​To-​End Money Market Fund Investing Process" announced a the addition of guidelines from Treasury Strategies'  ...

ICD Expands Its Sales and Distribution Coverage

JANUARY 18, 2011 CRANE DATA GTNEWS FINANCIAL-I ICD expands its sales and distribution coverage outside of the US and Europe as Canadian companies look for the same short-term investment services as their peers in other countries. Institutional Cash Distributors (ICD), the world's largest independent portal distributor, which services more than  ...

Industry Eyes Bank as Prop for Money Funds

JANUARY 11, 2011 THE WALL STREET JOURNAL Industry Eyes Bank as Prop for Money Funds By Eleanor Laise, Wall Street Journal The mutual-fund industry on Monday presented a plan to backstop money-market funds, acknowledging that the funds could pose major risks during a market panic even though they aim to  ...

ICD Survey Uncovers Strong Responses

JANUARY 10, 2011 YAHOO FINANCE ICD Survey of Corporate Treasurers Uncovers Strong Responses to President's Working Group (PWG) Report on Money Market Fund (MMF) Reform Options ICD to share results with the US Securities and Exchange Commission (SEC) and policymakers in early 2011. ICD client respondents most favorable to a  ...

Opposition to Floating NAV

JANUARY 10, 2011 FINANCIAL TIMES Opposition to floating NAV By Steve Johnson Major investors in the $2,800bn US money market fund industry are strongly opposed to suggestions that funds should be forced to scrap their stable $1-a-share structure and move to a floating net asset value. The President's Working Group  ...

Checking Funds’ Ingredients

JANUARY 1, 2011 TREASURY & RISK Checking Funds' Ingredients Portals make money fund holdings more transparent By Robert Rosenberg When the Reserve Primary money fund broke the buck in 2008 following Lehman's collapse, it was a watershed, signaling that treasurers should look more closely at the holdings of their money  ...

ICD Revolutionizes Corporate Treasury

NOVEMBER 8, 2010 REUTERS BUSINESS INSIDER FIERCE FINANCE YAHOO FINANCE ICD Revolutionizes Corporate Treasury with On-Demand Money Market Risk Management Application Transparency Plus™ Institutional Cash Distributors ("ICD") today announced the launch of its new proprietary money market fund risk-exposure analytics application, Transparency Plus™. As part of ICD's broader trading platform  ...