Federally Insured Cash Account

//Federally Insured Cash Account
Federally Insured Cash Account 2017-01-12T17:38:14+00:00

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, next-day 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.