CAP Charity Day
We are absolutely delighted to hear that ICAP New Zealand has selected Achilles International New Zealand as a recipient for their 23rd Annual ICAP Charity Dayevent, this year to be held on Wednesday 9th December 2015 at ICAP’s Wellington office.
For those unfamiliar with ICAP, they are a leading markets operator. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through its post trade risk and information services ICAP helps customers manage and mitigate risks in their portfolios.
Since the beginning, ICAP has always given money to charity on an ad hoc basis. In 1993, when the firm had grown to around 100 people in London, it was decided to do something on a larger and more innovative scale which would make a significant difference to charities. The idea of the ICAP Charity Day was born, a day on which all revenues and commissions would be given away to just a few charities, which meant each would receive a large amount of money which would really make a difference to their operations. This gave the firm and its customers a unique way of contributing to society, especially in view of our privileged position in the financial world.
This method of giving is very different from the normal way that companies choose to give to charity by donating money out of their profits. At ICAP, the brokers themselves are giving away their own commissions to charity, as well as the company giving away its revenues. The idea has proved very successful. In our offices around the world, they have raised over £120 million for helping over 1400 charities worldwide. It is inspiring to realise what a difference the ICAP Charity Day makes to so many people around the world. Both the charities and ICAP are very grateful to their customers and staff whose enthusiastic and generous support makes this possible.
On Charity Day, EVERY DEAL COUNTS and TOGETHER THEY GIVE 100%. Please view the ICAP website for more information on this day and how they have assisted many charities www.icapcharityday.com.