ICD Releases Transparency Plus® 5.0 With Repo Classification Breakdown, Repo Sponsor Aggregation Analytics and Enhanced Comprehensive Reporting
- ICD’s Transparency Plus 5.0 penetrates the counterparty-level of treasury risk management analytics with Repurchase Agreement (Repo) analysis and collateral classification. Repo-level analytics also add a new dimension of sponsor risk intelligence by evaluating portfolio concentrations through the aggregation of Repo counterparties.
- Transparency Plus 5.0 unveils powerful, enhanced Comprehensive Reports providing breakthrough risk management intelligence, insight and efficiencies.
- Transparency Plus 5.0 also features interactive Counterparty Summary Analysis including leading indicator metrics: Balance Sheet Data, Capital Adequacy Ratio, Ratings, Stocks and Credit Default Swaps.
SAN FRANCISCO, February 13, 2014/PRNewswire/ — Institutional Cash Distributors (ICD) today announced the release of Transparency Plus ® 5.0 that provides significant functional and tactical advancements for corporate treasury department risk management practices and methodologies. With the 5.0 release, ICD generates exposure analytics that now cut across counterparties, U.S. government and corporate Repo Agreements, and their respective sponsor positions, providing deeper institutional investment intelligence for the corporate treasury sector.
ICD introduced the first risk management exposure analytics application for institutional cash investments in 2010 soon after the SEC’s 2a-7 amendments required monthly disclosure and greater transparency of fund holdings. ICD is introducing this core trading exposure analytics technology today in both U.S. and European corporate and municipal markets.
ICD Senior Vice President Sebastian Ramos said, “All Repurchase Agreements are not the same and we needed a mechanism to parse traditional and nontraditional Repos. We also needed to break down nontraditional Repo into aggregate counterparty exposures to better understand the relative concentrations within these counterparties.”
ICD Senior Vice President, Treasurer Tom Knight added, “From the beginning we’ve always identified Repurchase Agreements as having unique and distinct counterparty exposure impact. With our 5.0 release, we’ve now given corporate treasurers the tools to truly understand their Repo exposures within the context of their full portfolio.”
America Honda Motor Company, Inc. Treasury Manager Kim Kelly-Lippert commented, “I have worked with ICD for several years and this is another excellent example of the inclusive process ICD employs in making product advancements. We wanted enhanced reporting and needed a more in-depth understanding of our Repo exposure. ICD took that input, productized new features and incorporated them into their next release.”
ICD is treasury’s trusted, independent portal provider of money market funds and other short-term investments. We bring together the treasury investment community and the market’s fund companies to deliver unbiased access to over 300 investment products, leading market experts, and intuitive technology. Our award-winning ICD Portal is a model in the industry for trading, reporting and analysis. Focused solely on the needs of the treasury investment community, ICD is always putting Treasury First. Our expert service is offered through our Global Trading Desk, spanning London, Boston and San Francisco.