ICBSD/ICBND Cooperative Liquidity Program
The ICBSD/ICBND Cooperative Liquidity Program (“Liquidity Program”) is a cooperative bank-to-bank network established to provide an additional funds management tool for ICBSD/ICBND member banks. ICBSD and ICBND provide a communication link between Liquidity Program members who have available liquidity with those members who have short-term funding needs.
ICBSD/ICBND is responsible for maintaining and communicating the Liquidity Program member contact information. Participating banks are not legally bound to provide funding or even respond to requests as part of their participation in the Liquidity Program. There is no fee assessed by ICBSD or ICBND in conjunction with hosting the Liquidity Program and all funding terms, pricing, documentation and other conditions are negotiated directly between participating members.
The Liquidity Program is tested at least twice per year to assure its effectiveness as a source of funding and to validate the availability of funds for participating members.
The Liquidity Program is open to all ICBSD and ICBND member banks. To become a member, download the ICBSD/ICBND Cooperative Liquidity Program Agreement and email to Megan at Megan@icbsd.com.