Funding Criteria
Securities that Qualify as Collateral must be Publicly & Actively Traded.
Acceptable Securities Include -
- Stocks
- Mutual Funds
- Bonds
- U.S. Treasury Notes
- Most Foreign Securities.
Instruments NOT Usable as Collateral include -
- CD’s*
- Money Market Accounts*
- Annuities
- SBLC’s
- Bank Guarantees or Warranties
- Commodities
- CMO’s
- Gold or Silver Mines
- Precious Stones
- Bearer Bonds*
- Private Notes or Private Bonds
- Maturing Bonds (coming due within 3 years)
- 401(k)’s, IRA’s or any Restricted Retirement Funds
* CD’s, Money Market Accounts & Bearer Bonds may be converted to cash; then acceptable securities may be purchased and used as collateral.
ICON’s Commitment to Our Clients