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Citigroup launches direct custody and clearing services in Sweden

12 October 2006  |  2346 views  |  0 Source: Citigroup Corporate and Investment Banking

Citigroup Corporate and Investment Banking today announced it would provide direct custody and clearing (DCC) services to clients in Sweden, making Citigroup the only global bank offering a full suite of DCC and cash services in the country.

Services including clearing and settlement, safekeeping, pre-matching, corporate actions, market expertise & information services, cash management, FX, SWIFT reporting and portfolio valuation capabilities will all be available to clients.

Staffed by fluent Swedish and English speaking personnel familiar with the local market, Citigroup's Global Transaction Services business in Sweden will offer the same high quality standard of DCC service, technology and support in Sweden that Citigroup provides globally. Today's announcement marks Citigroup's fourth new DCC opening since November 2005, with previous openings in Slovakia, Vietnam, and Israel, expanding Citigroup's proprietary DCC network to 48 markets, the largest in the world.

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