ICD Enters Agreement for Exclusive Cash Management Portal Distribution of StoneCastle's FICA® Product
- Basel III regulations and future MMF reform are compelling corporations and municipalities to construct more sophisticated portfolios
- StoneCastle's FICA® product enables institutions to strengthen their portfolio's capital preservation through non-term government insured deposits while also offering a competitive yield compared to traditional cash vehicles
- ICD offers efficiencies in trading multiple products through ICD Portal™, which provides comprehensive reporting and analytics
SAN FRANCISCO, April 2, 2015 /PRNewswire/ -- Institutional Cash Distributors (ICD) announced it has reached an agreement with StoneCastle Cash Management, LLC ("StoneCastle") to distribute its Federally Insured Cash Account ("FICA®") product through ICD's global SaaS trading platform, ICD Portal™.
FICA®, a leading non-term FDIC insured vehicle for institutions, meets the needs of institutional investors by striving to achieve competitive yields among FDIC insurance products and providing twice-weekly liquidity.
Jeff Jellison, ICD CEO Americas said, "Basel III regulations and future MMF reform are pushing corporate treasury to broaden their asset allocation strategies. StoneCastle's FICA® product is an excellent product addition as it enables institutions to have the ability to enhance their overall portfolio return while reducing risk and providing twice-weekly liquidity. The integrated solution will provide ICD's Fortune 500 clients the opportunity to efficiently access the FICA® product and have the client FICA® positions included in ICD Portal's comprehensive analytics."
Eric Lansky, President, StoneCastle Cash Management said, "We are excited to have StoneCastle's FICA® product available on the ICD Portal. Bringing the leading FDIC insured cash solution to one of the world's largest portals ensures all treasurers have the opportunity to safely enhance the yield of their cash without liquidity restrictions associated with a term product."
About ICD: ICD is the world's leading institutional investment and risk management company. ICD's next-generation Software-as-a-Service portal, best practices methodologies and award-winning Transparency Plus® exposure analytics, support corporate treasury with end-to-end solutions. The ICD Global Trade Desk™ provides expert service out of San Francisco, London and Boston. ICD develops its own proprietary technologies through Institutional Cash Distributors Technology LLC in Golden, Colorado. Institutional Cash Distributors LLC is a FINRA/SIPC member. Institutional Cash Distributors Ltd is authorized and regulated by the Financial Conduct Authority in the United Kingdom. For more information, visit http://www.icdportal.com or email [email protected].
About StoneCastle Cash Management, LLC: StoneCastle Cash Management, LLC is a premier provider of liquidity and cash management solutions servicing the nation's leading community banks, corporations, municipalities, public funds, foundations, endowments, hedge funds, wealth management and private equity firms. StoneCastle Cash Management, LLC is an investment adviser registered with the SEC. For more information regarding the firm, please see its Form ADV Parts 1 and 2A on file with the SEC. Registration with the SEC does not imply a particular level of skill or training. StoneCastle Cash Management, LLC is a wholly owned subsidiary of StoneCastle Partners, LLC. StoneCastle Partners, LLC was founded in 2003 and is one of the largest managers of investment funds and providers of advisory services dedicated to the U.S. banking sector. For more information visit www.stonecastle.com.
| Media contacts |
|
| Debby Barri, ICD Public Relations Director |
Chris Takacs, StoneCastle Cash Management, LLC |
| 424-206-2402, [email protected] |
212-354-6500, [email protected] |
SOURCE Institutional Cash Distributors
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