ICD Senior Vice President & Head of Global Trading, Sebastian Ramos said, "With the new SEC 2a-7 Rules in place, Institutional Prime MMF investors should look to maintain diversified portfolios and use the latest compliance, reporting and monitoring tools to ensure portfolios meet their corporation's investment objectives and risk tolerance."
ICD Portal's Liquidity Compliance Rules will prevent or limit trading in MMFs where liquidity is below client-established levels. Alerts are also sent to clients with positions in MMFs that fall below client-established liquidity minimums. Transparency Plus's NFL Report compares Net Asset Value Pricing, Net Asset Flow and Liquidity for MMFs in client actual and hypothetical portfolios, enabling fund comparisons on these important metrics. ICD Portal generates Gain/Loss reports that simplify corporate tax and financial reporting for institutional prime money market funds using the IRS-approved Simplified Tax Accounting Method. Gain/Loss report ranges can be customized by month, quarter, year or any specified time period.
"Institutional prime money market funds will continue to be an important part of corporate short-term portfolios, especially when the spreads widen. This release is another example of ICD's commitment to provide superior products and extraordinary client service," said ICD Chairman, Tom Newton.
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 firstname.lastname@example.org.
Debby Barri, ICD Public Relations Director
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/icd-releases-essential-mmf-reform-solutions-for-corporations-300348829.html
SOURCE Institutional Cash Distributors, LLC