Citi Enhances Online Investments Portal to Deliver Increased Liquidity Management Options for Clients
October 24 2016 - 9:00AM
Business Wire
Capabilities include fund analytics and
access to floating net asset values addressing new regulatory
reform requirements
Citi’s Treasury and Trade Solutions has enhanced the Citibank
Online Investments (OLI) portal with new features that provide
clients with more options in managing their liquidity. These
enhancements, consisting of three new capabilities, support Citi’s
strategy of continued investment to deliver a broad set of
liquidity management services that meet clients’ changing
needs.
OLI, which processes over $50 billion in client transactions
each month, allows clients to centralize and control their
short-term investment activity. Accessed through Citi’s global
portals – CitiDirect BE® and CitiDirect® for Securities - OLI is
available in over 30 countries and 18 currencies. This includes 80
Money Market Funds globally from ten of the largest institutional
fund providers, with the flexibility for automated sweeps or
actively traded investments. Coupled with Citi’s unparalleled
worldwide scope, these tools provide treasury managers with
powerful solutions for end-to-end global cash management.
"As the market landscape continues to evolve with increased
regulation, reform and uncertainty regarding interest rates,
clients need more choices and tools to manage their liquidity,”
said Mark Smith, Head of Treasury and Trade Solutions Liquidity
Management Services, Citi. “These new features illustrate Citi’s
continued investment and commitment, adapting to and leading market
change, to provide clients with value-add solutions that they
need.”
The features, which provide clients with increased visibility,
faster turnaround times and increased automation, include:
- Money Fund Analytics (MFA) is a robust
interactive tool providing real-time visibility into consolidated
exposures across a money market fund portfolio. With MFA, clients
can more effectively manage counterparty exposures, identify
potential risks, and make more informed investment decisions by
creating hypothetical “what if” scenarios to assess how potential
trading activity can impact exposures. For example, clients can use
this tool to evaluate the maturity ladder of a fund or entire
portfolio to help set an investment strategy for maximum
earnings.
- Regulatory Enhancements: Citi’s Online
Investments money market fund product is subject to the reforms
mandated by the U.S. Securities and Exchange Commission that
require institutional money market funds to move from a stable
$1.00 price per share to a floating net asset value (NAV). The
product has been enhanced to accommodate the reform mandates
including changes to trade workflows, confirmation statements and
reports and expanded research tools. Clients now have a
consolidated, easy-to-use source from which to compare intraday
strike times across multiple funds. Also, to assist clients in
researching their fund options, a new historical NAV report has
been created. Clients can compare across funds, or track a single
fund if they want to see how much and how frequently their NAV
changes.
- Self-Service Capabilities for Enhanced
Client Experience: Citi now offers more self-service options,
empowering clients and expanding its online investments
capabilities to support faster turnaround times, eliminate
paper-based processes and increase automation, making it easier to
do business with Citi. Minimum Maturity Time Deposits, now
available in tenors of 31 to 370 days, for example, offer real-time
reporting, available any time a client logs into the portal.
Similarly, alert features have been enhanced so that clients can
now customize them to receive automatic email notifications for
trade and account events. This provides simplified alert creation
and maintenance, improved recipient selection options, and
streamlined notifications. User profile maintenance options provide
self-service tools too, also eliminating old paper-based request
processes for faster client turnaround times, saving up to two
days.
Citi Treasury and Trade Solutions (TTS) enables our clients'
success by providing an integrated suite of innovative and tailored
cash management and trade finance services to multinational
corporations, financial institutions and public sector
organizations across the globe. Based on the foundation of the
industry's largest proprietary network with banking licenses in 97
countries and globally integrated technology platforms, TTS
continues to lead the way in offering the industry's most
comprehensive range of digitally enabled treasury, trade and
liquidity management solutions.
About Citi:
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management.
Additional information may be found at www.citigroup.com |
Twitter: @Citi | YouTube: www.youtube.com/citi | Blog:
http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn:
www.linkedin.com/company/citi
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MediaCitiNina Das, 212-816-9267nina.das@citi.com
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