ICD Named Best Portal, Adds Cavu USD
A recent press release, "Treasury Industry Recognizes ICD as Best Portal Technology," tells us, "The corporate treasury industry recognized ICD with the Best Portal Technology Award in TMI's 2022 Awards for Innovation and Excellence. ICD is an independent portal provider of institutional money market funds and other short-term investments, focused exclusively on serving treasury organizations, globally." ICD CEO Tory Hazard comments, "We're happy to be recognized as the Best Portal Technology. This recognition is a testament to the deep trust our clients put in ICD to co-innovate solutions that address their needs. In our 20th anniversary year, we are proud to be the portal of choice for many who use ICD for its technology and unbiased access to the short-term markets." TMI Publisher Robin Page says, "Once again, we are delighted to have recognized ICD as it continues to evolve its portal offering, cited as the best by many of its clients, who have also integrated it into their own treasury ecosystems." The release adds, "The TMI Awards for Innovation and Excellence are recognized as the quality benchmark for industry participants who are defining new frontiers and driving best practices in treasury management, globally." A separate release, entitled, "CAVU Securities Offshore USD Share Class Now Available on ICD Portal," states, "Institutional Cash Distributors, LLC (ICD), an independent portal for short-term investments, and CAVU Securities, LLC (CAVU), a registered broker-dealer and Minority Business Enterprise (MBE) that is both U.S. veteran and minority-owned and operated, announced the first offshore USD Diversity, Equity and Inclusion (DEI) share class available on ICD Portal. This new product offering provides ICD clients with not only an attractive investment option for non-US domiciled investors but also a value-added way for ICD clients to advance DEI and ESG goals within their organizations. By partnering with Invesco, CAVU Securities provides clients with a product that delivers deep institutional experience, expertise, scale, and investment track record that investors value while also serving as a solution to treasurers and cash investors who share CAVU's commitment to making an impact via social and DEI directives. ICD and CAVU Securities recognize that as financial intermediaries, we help facilitate the flow of capital and provide access for investors in helping them to fulfill ESG mandates and reach their social impact objectives." ICD's Sebastian Ramos comments, "Offering the first offshore DEI fund on ICD Portal is in keeping with ICD's commitment to providing institutional investors with a wide selection of short-term investments. We're happy to have worked with CAVU to add another DEI product to our fund line-up, supporting clients' socially responsible investing." CAVU CEO Greg Parsons adds, "By investing in the CAVU Securities Share Classes, investors will be able to drive diversity and inclusion across the business landscape as well as support our country's military veterans. Through the CAVU Impact Pledge, CAVU is committed to giving ten percent (10%) of the GROSS revenue CAVU earns from all of the CAVU Share classes to organizations that are making a difference in the underrepresented and veteran communities."
