Institutional Cash Distributors (ICD) announced the launch of its new proprietary money market fund risk-exposure analytics application, Transparency Plus.
As part of ICD's broader trading platform strategy, Transparency Plus provides corporate treasury departments the visibility required to make critical investment decisions, increasing efficiency while decreasing risk, a release stated.
Developed in response to feedback from ICD's Fortune 500 clients, following the 2008 financial crisis, Transparency Plus' development was guided by 23-year corporate treasury veteran, Tom Knight to deliver enhanced transparency for corporate treasurers, helping them achieve capital preservation, liquidity and yield. Until now there hasn't been a risk-exposure analytics application for this market. ICD says Transparency Plus transforms the burdensome manual process of evaluating funds and provides the ability to take data snapshots of the fund marketplace, which enables clients to run "what if scenarios" using the virtual analysis capabilities of the system.
ICD North America CEO Jeff Jellison comments, "We're living with uncertainty in the global economy, and as a result record levels of corporate cash remain on the balance sheet. Due to large cash balances and market concerns, corporate treasury departments are demanding transparency to better understand their credit exposure. Transparency Plus is the game-changing application that meets this demand."
Adds Matthew Post, Treasury Manager for QUALCOMM, "As a long-term customer of ICD, we are especially impressed with ICD's customer service, particularly throughout the credit and liquidity crisis of 2008. Their powerful transparency and analytics application takes risk management to a whole new level."
Jellison continues, "Our clients trusted ICD to provide clarity on headline risk throughout the 2008 financial crisis. We took what we learned, consulted with our clients and developed a treasury-focused application, Transparency Plus(TM). This is another example of ICD's mission to bring innovative solutions to our customers."
"The primary feature of Transparency Plus is to provide immediate visibility into counterparty exposure," explains Tom Knight, ICD's SVP/Treasurer. It is also designed to provide critical financial information on these counterparties, enabling investor access to deeper investment intelligence."