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.
DTC offerings range from 500K and greater. Larger deposits satisfy liquidity needs with less paperwork. There is generally one account opened per term issued.
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.
ICD will provide the necessary due diligence associated with these transactions.
Pre-Negotiated rates: All interest rate costs are negotiated upfront. 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 enable existing customers to move funds from other low interest-bearing accounts into these higher promotional rates, thus providing limited results
Coupon options associated with DTC CDs are:
Bullets (Fixed)
Callable
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.