Products & Services

/Products & Services
Products & Services 2016-10-26T13:55:31+00:00

ICD PORTAL

OPTIMIZING ANALYTICS FOR THE REDUCTION OF CREDIT RISK

Our expertise in market exposure helped our clients through recent economic volatility and many of today’s ICD security features are a result of our client-centric risk management specialization.

TRADING THE WORLD’S MONEY MARKET FUNDS WITH A WEALTH OF INTELLIGENCE

ICD offers a global menu of money market products through one streamlined ICD application, which provides access to a wide selection of money market funds representing all asset classes and 7 currencies.

PROVIDING THE BENCHMARK FOR EXTRAORDINARY CLIENT-DEDICATED SERVICES

With more than a century of combined institutional money market service experience, ICD client-dedicated representatives offer deep industry expertise in all regions. Our independent, unbiased, non-leveraged market position transcends conflicts of interest.

OPTIMIZING ANALYTICS FOR THE REDUCTION OF CREDIT RISK

With trade support and service desks in San Francisco, Boston and London, ICD provides the world’s corporations, government agencies, and fiduciary entities with a global fund portal network conducting business with the world’s most respected corporate treasuries in over 30 countries.

MONEY MARKET FUNDS

ICD offers a global menu of money market products through one streamlined ICD application, which provides access to a wide selection of money market funds representing all asset classes and 7 currencies.

GENERAL PURPOSE PRIME FUNDS
PRIME AAA FUNDS
GOV’T / TREASURY / REPO FUNDS
GOV’T ONLY / TREASURY ONLY FUNDS
TAX-EXEMPT 2a-7 FUNDS

U.S. DOLLAR FUNDS (USD)
EURO FUNDS (EUR)
STERLING FUNDS (GBP)
CANADIAN DOLLAR FUNDS (CAD)
AUSTRALIAN DOLLAR (AUD)
SINGAPORE DOLLAR (SGD)
JAPANESE YEN (JPY)

ICD developed its portal-based Ultra Short Bond Funds trading platform for clients with stable cash who want to go out a little further on the yield curve without requiring an RFP or custodial services.

Short Duration Bond Fund exposure can be populated into Transparency Plus 5.0® along with Money Market Funds, Direct Exposures, Separately Managed Accounts and more.

SHORT DURATION BOND FUNDS: DOMESTIC (USD)

Federated – Government Ultrashort Duration Fund
Federated – Municipal Ultrashort Fund
Federated – Ultrashort Bond Fund
Fidelity – Conservative Income Bond Fund
Fidelity – Conservative Income Municipal Bond Fund
JPMorgan – Managed Income Fund
Northern Trust – Tax-Advantaged Ultra-Short Income Fund
Northern Trust – Ultra-Short Fixed Income Fund
Oppenheimer – Short Duration Fund
Sterling Capital – Ultra Short Bond Fund
Wells Fargo – Ultra Short-Term Income Fund
Wells Fargo – Ultra Short-Term Municipal I.F.

SHORT DURATION BOND FUNDS: OFFSHORE (EUR)

Amundi – Treso 3 MOIS – DP (C)
Amundi – Treso 6 MOIS – DP (C)
Amundi – Treso 12 MOIS – DP (C)
Amundi – Treso Corporate – DP (C/D)
Amundi – Treso EONIA ISR – DP (C)
BlackRock Institutional EUR Ultra Short Bond Fund
BNP Paribas – Parvest Bond Euro Short Term 
Fidelity – EURO Short Term Bond Fund-A-Acc-EUR
JPMorgan Managed Reserves Fund

SHORT DURATION BOND FUNDS: OFFSHORE (GPB)

Aviva – Sterling Core Liquidity 
Aviva – Sterling Strategic Liquidity
BlackRock Institutional Sterling Ultra Short Bond Fund
Federated – Sterling Cash Plus Fund
Insight – Liquidity Plus Fund
JPMorgan Managed Reserves Fund
SHORT DURATION BOND FUNDS: OFFSHORE (USD)

BlackRock Institutional USD Ultra Short Bond Fund
JPMorgan Managed Reserves Fund

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The corporate and municipal treasury short-term investment marketplace is becoming more complex as Basel III MMF reform regulations and MMF reform disincentivize institutional investors from making non-operational deposits.

Progressive treasury departments are focusing on improved liquidity planning to take advantage of investment alternatives that provide superior preservation of capital and yield.

Saxon Securities is unique in its approach to custom-building government guaranteed, optimally structured, high-yielding, FDIC-insured brokered CD separately managed accounts for corporate and municipal treasury.

FDIC-Insured Brokered CD Separately Managed Accounts offered by Saxon Securities, who provides turn-key portfolio construction and hands-on account management.

Saxon Securities CD program services are exclusive through ICD.

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ICD IS THE EXCLUSIVE CASH MANAGEMENT PORTAL DISTRIBUTOR FOR STONECASTLE’S FEDERALLY INSURED CASH ACCOUNT (FICA) PRODUCT

Financial professionals today face numerous challenges; constantly evolving Basel III rules on non-operating deposits, historically low interest rates and pending money market fund reforms that are compelling institutions to construct more sophisticated portfolios.

StoneCastle’s Federally Insured Cash Account (FICA®) product enables corporations to strengthen their portfolio’s capital preservation through non-term FDIC-insured deposits while offering a competitive yield compared to traditional cash vehicles. The integrated FICA solution provides ICD clients the opportunity to efficiently trade in FICA and include their positions in ICD Portal’s comprehensive analytics.

WHY YOU SHOULD CONSIDER FICA®
FICA strives to meet the needs of institutional investors seeking a safe, liquid alternative investment vehicle, through full FDIC insurance, twice-weekly liquidity and a competitive yield. By providing access to hundreds of carefully screened banks, FICA allocates customers’ large deposits across its broad network to ensure full FDIC insurance on all deposits and offers competitive yields. FICA is ideal for fiduciaries who are required to invest solely in instruments guaranteed or insured by the U.S. government.

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ICD OFFERS COMMERCIAL PAPER FROM TOYOTA FINANCIAL SERVICES
Financial professionals face numerous challenges; evolving Basel III rules on corporate deposits, historically low interest rates and pending money market fund reform are compelling corporations to construct more sophisticated portfolios.

Since 2003, Toyota’s fixed income team has been working with institutional investors to provide fixed income solutions, real time execution, and insight into Toyota. ICD and Toyota’s teams are able to deliver the right solution to fit your investment objectives and risk tolerance.

FUNDAMENTALS
▪ Fixed Rate & Floating Rate
▪ Discount or Interest-Bearing

DAILY PRICING GOALS
▪ Transparency
▪ Stability
▪ Consistency

FAST ACCOUNT SET-UP
SIMPLE TRADE EXECUTION
ELECTRONIC CONFIRMATION

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Bypass the cumbersome and expensive RFP process by utilizing ICD’s pre-screened, experienced, client-oriented SMA providers. With a primary focus on the corporate and institutional marketplace, each of ICD’s SMA providers understand how to assess the needs of fixed income investors by applying proven investment techniques to structure customized portfolios designed to provide maximum return with minimal risk. Separately Managed Account exposure can be populated in Transparency Plus 3.1® along with Money Market Funds, Direct Exposures, Short Duration Bond Funds and more.

Through an ICD introduction to our SMA partners, you receive:

▪ Customized consolidated reporting
▪ Competitive fees based on ICD’s preferred partner pricing
▪ Consultation by experienced ICD professionals in formulating SMA
▪ provider decisions and accessing SMA strategies
▪ Global trading support with trade desks in London and San Francisco
▪ Continued ICD dedicated service
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WE ARE ENTERING A NEW ERA OF TRADING AND INVESTMENT RISK MANAGEMENT
Basel III regulations and SEC reforms are transforming the roles and rules of liquidity for banks. This is impacting the availability of numerous short-term products and the types of assets traditionally offered by banks and relied on by institutional investors. With the likelihood of Fed short-term rates returning soon the objectives and strategies of liquidity portfolio are making profound advancements. In fact, tightening SEC regulatory mandates are encouraging greater portfolio diversity. Treasury Departments are implementing advanced trading and risk management technologies for building and managing more sophisticated cash portfolios.

In response, ICD partnered with Tradeweb to provide ICD Clients with an exceptionally deep selection of investment products, adding U.S. Commercial Paper, Treasuries, Agency Securities, Agency Discount Notes, Repurchase Agreements, Certificates of Deposit and European Time Deposits. Tradeweb is a leading global marketplace for electronic institutional fixed income and derivatives trading. Tradeweb provides access to the deepest pools of liquidity from 50+ leading market makers to the world’s top asset managers, central banks and other institutional investors.

Through a deep integration with Tradeweb, ICD Clients will be enabled to seamlessly see their positions in these new investment asset classes in the ICD Portal and consolidate them with their Money Market Funds, Short-Duration Bond Funds, Federally Insured Cash Account (FICA®), Federally Insured CDs and Separately Managed Accounts for analytics reporting and comprehensive investment risk management. This landmark partnership delivers an effective and all-encompassing solution for purchasing and managing multiple liquidity products.

AVAILABLE TRADEWEB PRODUCTS
Agency Discount Notes (ADN) – A unique trading network and reliable source for real-time ADN pricing – both indicative and inventory. Access and trade Fannie Mae, Freddie Mac and FHLB offerings now through their windows.

Commercial Paper – Commingled real-time pricing of offerings from all leading CP dealers on a single screen.
Time Deposit and CDs – Coverage across multiple marketplaces for both new and maturing Deposits and Deposit CDs.

Tri-Party Repo – The first multi-dealer to customer online marketplace for tri-party repo, including automated trade execution, processing, and connectivity to major clearing banks. Presents real-time indicative dealer tri-party repo rates on a single screen for easy comparison and execution. Term-trading functionality is also available.

U.S. Treasuries – Tradeweb introduced the multi-dealer request-for-quote protocol for trading U.S. Treasuries in 1998. Since then Tradeweb has become the benchmark source for U.S. Treasury trading. Tradeweb supports all U.S. Treasury issues (on-the-run and off-the run) with average daily trading volumes exceeding $30 billion.

U.S. Agencies – The unique combination of liquid agency benchmarks, agency inventories and callable agencies makes Tradeweb the leading source for Agency market liquidity.

INVESTMENT CHANNELS

ICD CLEARING

ICD Clearing delivers an array of client-focused trading advantages architected in one streamlined trading platform.

ONE ACCOUNT SOLUTION
▪ Brokerage Cleared relationship regulated by FINRA
▪ One application accesses the breadth of global money funds across 35 fund families
▪ One wire settles multiple fund trades
▪ One consolidated portfolio statement
▪ AutoPay™ – Secure automated wire settlement
▪ Transparency Plus®
▪ NO ADDITIONAL COST for investing through ICD
▪ Global currency coverage
▪ Treasury workstation integration and straight-through-processing
▪ Immediate liquidity on proprietary fund balances

FULLY DISCLOSED
▪ Corporate title can reside in registration of account
▪ Ability to maintain direct relationship with respective fund representatives
▪ Monthly balances provided to fund companies

INDEPENDENT PROVIDER
▪ Unbiased fund intelligence
▪ Neutral fund positions
▪ No proprietary investment requirements
▪ No conflicts of interest

ICD DIRECT

Clients have access to multiple funds through the ICD Portal or with one phone call while wiring money directly to fund companies.

ONE ACCOUNT SOLUTION
ICD Direct Features
▪ Total visibility for client and fund companies
▪ Direct money transfer process
▪ Direct relationship monthly statements
▪ Documentation support
▪ AutoPay™ – Secure automated wire settlement
▪ Transparency Plus®

ICD CUSTODY

ICD Custody provides an operationally efficient platform with rapid wire processing.

ONE ACCOUNT SOLUTION
▪ Custody relationship regulated by the OCC
▪ One application accesses the breadth of global money funds across 35 fund families
▪ One wire settles multiple fund investments. Redemption wires sent separately.
▪ One consolidated portfolio statement
▪ AutoPay™ – Secure automated wire settlement
▪ Transparency Plus®
▪ NO ADDITIONAL COST for investing through ICD
▪ Global currency coverage
▪ Treasury workstation integration and straight-through-processing
▪ Rapid redemption wire processing

FULLY DISCLOSED
▪ Corporate title can reside in registration of account
▪ Ability to maintain direct relationship with respective fund representatives
▪ Monthly balances provided to fund companies

INDEPENDENT PROVIDER
▪ Unbiased fund intelligence
▪ Neutral fund positions
▪ No proprietary investment requirements
▪ No conflicts of interest

TECHNOLOGY PRODUCTS

ICD PORTAL

OPTIMIZING ANALYTICS FOR THE REDUCTION OF CREDIT RISK

Our expertise in market exposure helped our clients through recent economic volatility and many of today’s ICD security features are a result of our client-centric risk management specialization.

TRADING THE WORLD’S MONEY MARKET FUNDS WITH A WEALTH OF INTELLIGENCE

ICD offers a global menu of money market products through one streamlined ICD application, which provides access to a wide selection of money market funds representing all asset classes and 7 currencies.

PROVIDING THE BENCHMARK FOR EXTRAORDINARY CLIENT-DEDICATED SERVICES

With more than a century of combined institutional money market service experience, ICD client-dedicated representatives offer deep industry expertise in all regions. Our independent, unbiased, non-leveraged market position transcends conflicts of interest.

OPTIMIZING ANALYTICS FOR THE REDUCTION OF CREDIT RISK

With trade support and service desks in San Francisco, Boston and London, ICD provides the world’s corporations, government agencies, and fiduciary entities with a global fund portal network conducting business with the world’s most respected corporate treasuries in over 30 countries.

TRANSPARENCY PLUS

Transparency Plus® is an industry breakthrough tool that enables clients to view consolidated credit risk on individual securities across multiple IMMF and Separately Managed Account portfolios. Transparency Plus dramatically reduces the fact gathering process enabling corporate treasury groups to focus on the execution side of treasury operations.

Transparency Plus offers corporate treasury departments access to vital and timely information to assist in guiding day-to-day investment decisions. Combined with the benefits of ICD’s trading platform, Transparency Plus provides clients with the ability to quickly identify and react to “headline risk” in a rapidly changing market.

The comprehensive reports generated through Transparency Plus aggregate the securities of each fund enabling users to identify and gauge credit exposure. Detail includes financial information on holding sponsors along with both current and historical credit default swap and stock performance metrics. Additionally, Transparency Plus generates “what-if” scenarios to help determine optimal asset allocation.