Process trades your way
ICD Portal offers three trade settlement channels and the option to securely automate wire settlement from approved platform trade orders.
ICD Portal enables treasury organizations to trade through a variety of settlement options.
Clearing
Clearing settlement offers one application to access the breadth of the money market fund industry. Treasury can choose to be fully disclosed to fund companies, or non-disclosed.
Custody
Custody settlement provides an operationally efficient platform with rapid wire processing, where the custody relationship is regulated by the Office of the Comptroller of the Currency (OCC).
Direct
Direct settlement requires an individual application for each fund family, and wires are sent directly to the fund families to settle trades.
Settlement Channel Features
Eliminate Wire Delays
ICD Portal’s patented AutoPay™ solves the problem of failed or delayed settlements that can occur when sending a wire manually. Automation eliminates the worry about delays, mistakes, or unexecuted wires. Using AutoPay, treasury teams can trade and settle all at once.
Optimize Workflow Efficiency
Streamline the settlement process with AutoPay for greater efficiency. Clients using AutoPay have reported saving up to 45 minutes per trade.
Generate a secure wire request to a bank. From the same trade ticket, trade information can be sent to the treasury management system (TMS), custodian bank, clearing bank and/or fund companies, while updating balances in ICD Portal.
ICD Portal provides a comprehensive and innovative workflow that improved our efficiency while reducing our trade settlement risk.”
Roger Biscay
Cisco