DTC Funding Program
The founders of ICD Securities Inc. have spent the last three decades working closely with thousands of banking institutions nationwide, assisting them in meeting current and future liquidity demands. Through the effective use of our funding relationships, ICD is able to use the DTC market to raise funds quickly and effectively.
Key characteristics of DTC Certificates of Deposit:
- Principle Amounts: DTC offerings range from 500K and greater. Larger deposits satisfy liquidity needs with less paperwork. There is generally one account opened per term offered.
- Maturity Flexibility: When issuing CDs through the DTC market, maturity schedules are set up to meet your cash flow demands. We can offer maturities ranging from 30 days up to 30 years.
- Patriot Act/CIP Reporting: ICD will provide the necessary due diligence associated with these transactions.
- Pre-Negotiated rates: All interest rate costs are negotiated up front. This allows for excellent cost analysis when pricing your cost of funds and eliminates the guesswork associated with local advertising which can affect current deposits. Running ads allows current customers to move funds in from other low interest bearing accounts into these higher promotional rates thus providing limited results.
Coupon options associated with DTC CDs are:
- Bullets (Fixed)
- Step-ups or Step-Downs
- Adjustable (Variable)
Please note if interest rate swaps are needed, ICD can refer a contra swap party. Go to www.icdsecurities.com to learn the simple process to attract DTC issued CDs.