Treasury Services

Services that free you to focus on your business

NCFA is a full-service provider of a comprehensive suite of cash management solutions, all fully customizable  to meet the challenges treasury professionals face today.

Our treasury solutions include daily cash management services and an extensive selection of fixed-income products available at low, competitive and transparent prices.

Our steady focus, innovative approach exceptional service and seamless execution help our clients around the world reduce risks, drive efficiency and capture opportunities in a rapidly shifting landscape. Our Certified Treasury Professionals (CTP) at our NCFA Corporate Treasury division average more than 25 years of industry experience and expertise to meet your needs with cost-effective strategies. 

We help you navigate changing markets and regulations

Global markets, economies and regulations are in constant flux, you need timely insights from your investment adviser and financial institution to better understand local and global impacts on your business and investments.  Our Certified Treasury Professionals and investment experts will help you establish a more strategic approach to cash flow management and investments to minimize risks, maximize returns and take advantage of new opportunities as they arise.

  • Establish account structures with our single integrated account that allows you the choice of base currency to assist you in accommodating local legal and regulatory regimes.  
  • Benefit from currency deregulation in Asia.
  • Understand impacts of new regulations including money market mutual fund reform, Basel III and Dodd-Frank.

Broaden your yield options

GLOBAL LIQUIDITY CONSULTING

  • Review your investment policy
  • Analyze and understand your investment objectives
  • Assess your cash structure
CLIENT CASH NEEDS
  • Daily operating
  • Short-term or reserve
  • Long-term or strategic
LIQUIDITY SOLUTIONS SELF-DIRECTED OR SEPARATELY MANAGED
  • Depository and overnight investments
  • Eurodollar time deposits CDs and repo
  • Treasury and agency securities
  • Commercial paper
  • Money market mutual funds
  • Corporate bonds
  • Fixed income securities
  • High yield securities
  • ETFs
  • Asset backed securities
  • Insured linked securities
  • Asset management capabilities

FUTURES/FOP and SPOT/FOREX

FX Cash Management and Hedging

FUTURES/FOP

Trade futures, commodities and futures options on more than 35 market centers worldwide.

Competitive Commissions Pricing

Buy and sell futures at commission rates that are among the lowest in the online trading industry

Breadth of Product and Geographic Diversification

Hedge a position or speculate on price movements in more than 30 financial markets in North America, Europe and Asia, using the following futures contracts:

  • Agricultural
  • Currency
  • Soft commodity
  • Energy
  • Equity index
  • Fixed income

  • Interest rate
  • Metals
  • Narrow-based indices
  • Single-stock
  • Volatility index futures and more.

SPOT CURRENCIES

  • Direct Access to Interbank Quotes
    No hidden price spreading, no markup, no kickbacks. Just the combination of real time prices from 17 of the world's largest FX dealing banks plus a transparent, low commission that avoids the conflict of interest of FX platforms which deal for their own account.
  • ECN-Like Market Structure
    Our order book allows you to set orders away from or between the markets, and trade with other clients**** within our custodian as well as with the liquidity-providing banks.
  • Currency Conversion and Currency Trading
    our custodian offers client's the ability to convert currencies and/or trade currencies with leverage. All of our client's accounts have Currency Conversion, which let you convert one currency to another without using leverage. Spot currency trading, which is available to qualified customers and requires additional trading permissions, lets you trade currencies on a leveraged basis.
  • Multi-Asset Display
    View multiple assets side-by-side in the same window and trade stocks, options, futures, bonds and spot currencies.

Start trading in 23 currencies worldwide

  • 23 Trading Currencies
  • Including USD, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RUB, SEK, SGD, TRY, ZAR and KRW (with special conversion functionality).
  • FX Trader
    Trade currency markets in our optimized FXTrader, which includes real-time streaming quotes, up and down indicators, trading volumes, pending trades, executions, positions, and average price plus P&L.
  • Safe and Secure
    Interactive Brokers Group and its sister affiliates hold over USD $8.1 billion in equity capital.
  • Low commissions
    0.08 to 0.20 basis points * Trade Size.1
  • Large-Size Order Facility 3
    Request for Quote (RFQ) large-sized aggregated quotes specific to the order quantity entered in order to obtain the best execution possible and also limit the market impact.


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Global Liquidity Management

For The Next-Generation Treasury

Our unique position in the market place allows us to deliver global liquidity management to companies of all sizes.  With the help of our custodian Interactive Brokers strategic investment in disruptive technologies we can integrate liquidity, payments and FX to drive efficiency.  Our growing suite of solutions tackles your cross-border liquidity challenges to help you optimize cash flow, lower risk and automate processes, while also seamlessly managing long-term investments all in one account.

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Daily Cash Management

Integrated Cash Management
Unlike other banks, custodians or brokers with separate bank accounts in which you have to transfer cash back and forth, our custodian's cash management is integrated into our broker account. This means that you can always borrow at the lowest rates without having to worry about first transferring cash

The IBKR Debit Mastercard

Automatically borrow against your broker account at our low margin rates without monthly minimum payments or late fees by adding an IBKR Debit Mastercard to your account. The IBKR Debit Mastercard provides you with the convenience of accessing your account funds anywhere Debit Mastercard is accepted around the world.


Easily Transfer Money Between Your Bank and IBKR

US-based clients can conveniently transfer funds between their IBKR account and US-based bank accounts electronically through ACH.

Use Bill Pay to Conveniently Pay any Invoice

Use our Bill Pay to conveniently send funds to such vendors as the tax authorities, your cellular provider, or you cable company electronically. If your payee isn’t electronically available, we’ll print a check to send funds to any vendor such as your dentist or doctor. If there isn’t enough idle cash in your account, you can automatically borrow at the lowest rates.

Conveniently Deposit Funds

Use our mobile app to deposit checks anywhere, or sign up for automatic payroll deposit.

Disclosures: 1. The Interactive Brokers Debit Mastercard and Bill Pay are only available to to residents of the United States at this time.

Margin borrowing is only for sophisticated investors with high risk tolerance.  You may lose more than your initial investment.

Margin loan rates and credit interest rates are subject to change without prior notice.

BY USING THE INTERACTIVE BROKERS DEBIT MASTERCARD YOU AGREE WITH THE TERMS AND CONDITIONS OF THE CARDHOLDER AGREEMENT AND FEE SCHEDULE, IF ANY. This card is issued by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from Mastercard International. "Metropolitan Commercial Bank" and "Metropolitan" are registered trademarks of Metropolitan Commercial Bank© 2014.

All interest and borrowing activity is through Interactive Brokers LLC. Please see your customer agreement with Interactive Brokers LLC for further details.

Card program marketed and administered by Interactive Brokers LLC, the Program Manager of the Interactive Brokers Debit Mastercard.


Interactive Brokers ®, IBSM, InteractiveBrokers.com ®, Interactive Analytics ®, IB Options AnalyticsSM, IB SmartRoutingSM, PortfolioAnalyst ®, IB Trader WorkstationSM and One World, One AccountSM are service marks and/or trademarks of Interactive Brokers LLC. Supporting documentation for any claims and statistical information will be provided upon request. Any trading symbols displayed are for illustrative purposes only and are not intended to portray recommendations.


The risk of loss in online trading of stocks, options, futures, forex, foreign equities, and fixed Income can be substantial.

Options involve risk and are not suitable for all investors. For more information read the "Characteristics and Risks of Standardized Options". For a copy call Interactive Brokers' Client Services on 312-542-6901. Before trading, clients must read the relevant risk disclosure statements on our Warnings and Disclosures page - http://www.interactivebrokers.com/disclosures. Trading on margin is only for sophisticated investors with high risk tolerance. You may lose more than your initial investment. For additional information regarding margin loan rates, see http://www.interactivebrokers.com/interest. Security futures involve a high degree of risk and are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading security futures, read the Security Futures Risk Disclosure Statement. For a copy visit http://www.interactivebrokers.com/disclosures. Structured products and fixed income products such as bonds are complex products that are more risky and are not suitable for all investors. Before trading, please read the Risk warning and Disclosure Statement at http://www.interactivebrokers.com/disclosures.

For information on the IBKR ATS, please see https://www.sec.gov/divisions/marketreg/form-ats-n-filings.htm#ats-n.

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United States Treasury Bills, Notes and Bonds, Government Agencies

Use Our Free Bond Search Tool and See How Much You Can Save

We are a full service fee advisory firm and our custodian acts as an agency broker and charges from 2.5 to 10 bps on corporate bonds, with a USD 1.00 minimum per order. We pass through the highest of all bids and lowest of all offers available at the electronic venues we access.  This allows our clients that we serve the ability to enjoy low and fully transparent commissions on bonds, with no mark-up on bond prices. Access a full universe of US government securities, 25,745 corporate bonds, 995,151 municipal securities and 25,063 CDs.

Take the Bond Challenge

Search and compare available yields against those of other brokers. For corporate bonds, simply enter a suitable maturity date range into the search tool and click View Results to browse availability. Clicking the Yield or Maturity column headers will sort your search results.  Our clients can enter orders and interact with each other by posting bids and offers.

You can fine tune the bond search tool by selecting specific industries and defining values for minimum and maximum yield to worst. Define the results by high yield or investment grade or simply choose all bonds. Moody’s and S&P Ratings filters let you evaluate risk versus return and you can quickly scan within CDs, Treasuries and muni bonds by selecting the bond type buttons at the top of the search tool.

Self-Services Access

We encourage our clients to make their own bids or offers for issues of interest.

In addition, we have the ability to cross orders in TRACE eligible and certain non-TRACE eligible corporate bonds internally on our integrated ATS should clients post better bids or better offers on our platform than in the market, improving the chances of a favorable fill.

With the help of our custodian we are able to offer direct market access to US, Canadian and European corporate bonds, US government securities, US Municipal bonds, 1,900+ non-US Sovereign bonds in Asia and Europe, Euro-denominated government bonds, fixed income futures and fixed income options, all from a single integrated account.

Discover the advantages of bond trading through NCFA:

  • Depth and Breadth of Offering -  We offer multiple fixed income bonds to meet your trading needs. Trade corporate, municipal, or treasury bonds all from a single integrated account and single trading screen.
  • Client Bond Quotes for Trading in TWS - Unlike traditional bond platforms, our clients can both see and place bid and offer quotes for US corporate bonds. Non-marketable limit orders that meet or exceed the existing best quote will be included in custodian market data for other custodian clients to trade.
  • Comparable Bonds All in One Place - To help ensure fair pricing and make it easy to compare municipal bonds with similar characteristics, TWS automatically displays a table of comparable bonds for each bond order. You can submit a Request for Quote on any of the presented bonds directly from within this table.

  • We route orders to additional liquidity providers including a number of major global banks. Bond orders are SmartRouted to multiple bond market centers including:
    • Bloomberg ALLQ
    • Euronext
    • Tradeweb Direct
    • ICE BondPoint
    • ICE MuniCenter
    • NYSE Bonds
    And assorted additional global bond venues.
  • Submit Corporate and Municipal Bond RFQs - Submit a Request for Quote on a bond that has no existing quote, to potentially improve upon an existing quote, or to get a quote for a particular trade size.
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