SAN FRANCISCO, June 18, 2012 /PRNewswire/ -- Institutional Cash Distributors, LLC (ICD), the leading global money market fund trading and risk management company, announced today that it is a winner in Treasury Today's 2012 Adam Smith Awards. Receiving the Highly Commended Award in the category of Best Risk Management Solution, ICD, with its London client Inchcape, a leading independent international automotive distributor and retailer, were recognized in the heavily competed Best Risk Management Solution category.
According to www.TreasuryToday.com, the Adam Smith Awards are the corporate treasury industry's most prestigious international competition with 229 entries from 24 countries from every continent. Over 50% of the entries are global in their geographic reach. The awards honor corporate treasuries that excel in cost savings, risk mitigations, productivity gains and process efficiencies.
Inchcape presented ICD's Money Market Fund Best Practices Solution DACOA – Diversify, Analyze, Comply, Optimize & Archive as the platform for its improvement in money market fund investing. ICD provided Inchcape with powerful and practical solutions based on technology and technique. Transparency Plus® provided online exposure analytics tools and ICD's DACOA Best Practices process provided the methodological techniques Inchcape needed to become money market fund risk management specialists. Applying ICD's technologies and techniques have generated process efficiencies, productivity gains, yield enhancement, risk mitigation, best practices and departmental cost savings for Inchcape.
James Clephane, Inchcape Treasury Dealing Manager and Adam Smith Award winner said, "We believe that the key to ICD's technology and techniques are their adherence to sound treasury fundamentals. Their Transparency Plus exposure analytics technology and their DACOA Best Practices techniques are based on the essential principles of treasury – those being first and foremost, the preservation of capital, second, protecting investment liquidity, and third, optimizing yield while remaining in compliance." Clephane added, "Through ICD's treasury technologies and techniques we have both the proper business approach to institutional money fund trading and the fund intelligence resources required in executing it on a daily basis."
Ed Baldry, ICD CEO Europe, said, "Leveraging an advanced money market fund trading portal with deeply integrated fund exposure analytics has been transformational for Inchcape's treasury department. They have been able to quickly implement ICD's DACOA Best Practices for MMF Trading and Risk Management. We are honored to be recognized with a visionary company and an innovative treasury department."
ICD is the world's leading institutional money market fund trading 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 and London. 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 Services Authority in the United Kingdom and the Dubai Financial Services Authority in the Middle East. For more information, visit http://www.icdportal.com or email [email protected].
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SOURCE Institutional Cash Distributors, LLC