TreasurySpring and ICD partner to add short-term cash products to the ICD platform

LONDON – 9 May 2022 – TreasurySpring, provider of a light-touch and intuitive digital short-term cash product platform, and ICD, an independent portal provider of money market funds and other short-term investments, have partnered to integrate their technologies, offering treasury teams streamlined access to a broad selection of investment products, daily short-term cash product rates and consolidated reporting.

“We have known the team at ICD for many years and have always admired their client-centric approach to building their business, which very much aligns with our own. We’re delighted to be cementing our relationship and excited to offer the combined power of our tech platforms to treasury teams across sectors and territories,” says Kevin Cook, CEO and Co-founder of TreasurySpring.

As an alternative approach to more familiar short-term cash investments, TreasurySpring offers 1000+ products – including those which have sustainable accreditation – in 8 currencies and across 115+ issuers through its short-term cash product platform – all with a single onboarding and no additional infrastructure requirement. TreasurySpring’s short-term cash products are financial products that offer exposure to debt from a single investment grade issuer, for a fixed term. Short-term cash products can provide access to highly-rated financial institutions, sovereigns, supranationals or corporations.

“TreasurySpring’s expertise, data and line up of short-term cash products is a great addition to ICD’s broad selection of investment products from across the money markets. We are excited to work with the team at TreasurySpring to help organizations diversify their investment portfolios and optimize their returns,” says Karl Adams, ICD Senior Director.

ICD provides intuitive technology and unbiased access to over 350 money market funds and other short-term investment products through ICD Portal, a model in the industry for research, trading, reporting and analysis, all in one place. With ICD, treasury teams can onboard within days and bring the breadth of the short-term market to their fingertips.

– – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – –

Note to editors

About TreasurySpring

Founded in 2016, TreasurySpring is a cash investment platform designed to modernize institutional cash investment. TreasurySpring makes it easy for institutions ranging from FTSE 100 corporations and leading fund managers to SMEs and scale-ups, to access a simple and secure platform for their excess cash, in turn designed to support risk management and operational efficiency. Over the past eight years, TreasurySpring has built the underlying infrastructure to enable companies to choose from over 600 regulated and standardized cash investment products across seven different currencies, all through a single digital onboarding and KYC process.

Media enquiries

Headland Consultancy

Izzy Garnon / Joe Hill  treasuryspring@headlandconsultancy.com

‍

TreasurySpring’s blogs and commentaries are provided for general information purposes only, and do not constitute legal, investment or other advice.