The ICBM Liquidity Network is a cooperative bank-to-bank network established in February 2009 to provide an additional funds management tool for ICBM member banks. ICBM provides a communication link between Network members who have available liquidity with those members who have short-term funding needs.
ICBM is responsible for maintaining and communicating the network member-contact information. Participating banks are not legally bound to provide funding or even respond to requests as part of their participation in the Network. There is no fee assessed by ICBM in conjunction with hosting the Network and all funding terms, pricing, documentation and other conditions are negotiated directly between participating members.
The Network, currently consisting of 144 member banks, is tested at least twice per year to assure its effectiveness as a source of funding and to validate the availability of funds for Network members.
Over the past few years, the Network has facilitated several non-emergency funding requests. The most recent request was funded in March 2016.
The most recent test for emergency funding, completed in May 2016, resulted in 77 banks committing nearly $18.5 million in three hours.
A complete list of Network test results is available here.