Launched in 2019, IPRIME is a local government investment pool established under Illinois law which authorizes units of government to jointly invest funds pursuant to a declaration of trust. IPRIME™ is a liquid cash pool that enables eligible Illinois public agencies to conveniently and effectively invest their available operating and reserve funds. The power of pooling investments allows the program to more efficiently invest funds than is possible for an individual municipal entity.

IPRIME™ maintains three investment objectives: Safety of Principal, Liquidity and Yield.

IPRIME™ maintains Standard and Poor’s highest local government investment pool rating of AAAm by enduring weekly fund reviews/audits that ensure IPRIME™ meets credit, liquidity and structural requirements mandated by Standard and Poor’s. The Fund is managed by PTMA Investment Advisors in a fiduciary capacity. Also, the IPRIME™ board of directors is comprised of local government finance officials who oversee the Fund’s operations.

Unlike the other LGIPs in Illinois, IPRIME™ is more than just a money market vehicle. It also incorporates the PTMA family of companies’ Fixed Income Investment Program. Individual Participants investing through IPRIME™ are not limited to the investment and deposit offerings of their local bank. Instead, IPRIME™ investors gain access to a national database of depositories, money centers and local institutions creating a competitive bidding environment. Investors also have access to traditional broker dealer offerings such as U.S. Treasury, Government Agency and Municipal Securities. This generates potential for higher yield on deposits along with asset class and geographical diversification, therefore limiting concentration risk in one institution. IPRIME™ can also include our client’s local banking preferences as part of our competitive bidding platform. Why work with just one financial institution, when you can have access to 1,200?

IPRIME™ provides daily liquidity throughout its Investment Shares Series, as well as fixed rate investment options through the PTMA Fixed Income Investment Platform.

Investment Shares Series (ISS): The IPRIME™ Investment Shares Series (ISS) provides daily liquidity and has a stable net asset value. Investments are limited to high quality investments and are specifically tailored to Illinois’ Public Funds Investment Act (30 ILCS 235/5). Funds may be transferred in or out of your IPRIME™ account(s) as frequently as desired without cost, and each Participant may open as many IPRIME™ sub-accounts as necessary to complement local bank and internal accounting structures.

Fixed Income Investment Program (FIIP): The IPRIME™ Fixed Income Investment Program (FIIP) program provides a rate of interest for any investment period, 1 month and longer, for amounts of $100,000 and greater. IPRIME™ works with over 1,200 banks nationwide to assist in providing the best fixed rate investments possible for Illinois municipal entities. The platform also provides access to secondary market U.S. Treasury, Government Agency, and Municipal Securities.

IPRIME™ is an investment pool for Municipal Treasurers acting on behalf of counties, townships, cities, towns, villages, libraries, park districts, water supply districts, fire protection districts, sanitary districts, housing authorities and other municipal subdivisions of the State of Illinois, excluding school districts and community colleges.

Please contact one of the PTMA representatives here to begin working with IPRIME™. The account set-up is quick and easy. You can also utilize GPS online, a secure web-based application that enables IPRIME™ Participants to electronically access their IPRIME™ account(s). Participants can access GPS online through iprimetrust.org and have the ability to conduct transactions and monitor all aspects of their IPRIME™ investments 24 hours a day, 7 days a week.

IPRIME™ offers a variety of investment services that Participants find useful.

Fixed Income Investments: IPRIME Participants also have the option to invest in Certificates of Deposits with FDIC insurance up to the $250,000 limit, Certificates of Deposits secured by a FHLB Letter of Credit (for large block investing), collateralized deposits, U.S. Government Treasury securities, U.S. Government Agency securities, and other fixed rate instrumentalities allowable under Illinois state statute.

Cash Flow Management Program: Give your municipality a complete and accurate analysis of its cash flow forecast so you can invest confidently and with a purpose while potentially increasing interest income.

Bond Proceeds Management Program: Maximize your bond issuance efficiency with a comprehensive investment and arbitrage management program for bond proceeds through PMA Securities, LLC, a part of PTMA Financial Solutions.

Fees associated with the operation of the Fund, and your account within the Fund, are already included in the net interest rate that IPRIME™ offers. The program fees are itemized in IPRIME™’s financial report, which is distributed annually and available on the IPRIME™ website.