ICD Enhances Transparency Plus MMF Exposure Application
Institutional Cash Distributors (ICD), a large independent money market fund (MMF) portal, has released Transparency Plus 2.0, ICD’s advanced money market exposure analytics application.
Driven by corporate treasurers’ demand for a more comprehensive, geographical view of risk exposure in their portfolios, the major enhancements to version 2.0 are engineered to uncover global credit exposure identified by country, in a fraction of the time previously taken to generate such data.
“Version 2.0 enables corporations to dynamically manage their credit exposure globally, on a country by country basis,” said Jeff Jellison, chief executive officer (CEO), North America, ICD. “Our on-demand, fund exposure analytics and reporting capabilities make it possible, for the first time, to streamline most of the manual investment analysis and due diligence that is currently overwhelming treasury departments. Our biggest clients were the earliest adopters – many running exposure analytics with the Transparency Plus Beta release beginning in June 2010. Industry response to Transparency Plus has been phenomenal. Treasury professionals are recognising the necessity of exposure analytics and are also seeing the far-reaching capabilities that 2.0 has to offer.”