Citi is the first bank to offer an intercompany lending management solution as part of its on-line banking package and becomes immediately available globally across the Citi footprint of over 160 countries, as with all other TreasuryVision functionality. Since its release, TreasuryVision has been recognized by the industry as an innovative solution for clients having been named the Alexander Hamilton - Tool of the Year from Treasury & Risk magazine and Application of the Year by The Banker, among others.

TreasuryVision is a web-based treasury management platform that provides a single window for global visibility into aggregated account information for cash, investments and debt. Corporations use it to view cash positions, create cash flow forecasts and manage global liquidity and counterparty risks more effectively.

The new TreasuryVision Intercompany Lending Management Module allows treasury departments to centralize activities related to intercompany lending between legal entities. By capturing funding activity in one globally accessible on-line system, it also streamlines the tracking and reporting of financial flows and makes it easier to control and monitor related activities.

TreasuryVision already provides clients with on-line reporting on their automated global concentration and notional pooling activity through Citi's Global Liquidity & Investments services. With this new module, corporations can now also process internally managed intercompany funding activity through TreasuryVision.

"Intercompany lending is an important source of funding for global firms. A well-run program gives a company greater control over funding sources, tax liabilities, repatriation and foreign exchange exposures, all of which reduce its risk profile." said Elyse Weiner, Global Head of Liquidity and Investments with Citi's Global Transaction Services.

The key features of the Intercompany Lending Management module include, but are re not llimited to, providing users with the ability to:

• Manage internal counterparty exposures by setting lending and borrowing limits between entities
• Initiate loans in any currency to accrue at defined rates, day basis, accrual methods, etc
• Maintain withholding tax rates to calculate tax liabilities
• Approve and monitor loan requests and amend terms online
• Centralize and manage data on legal structures, their functional currencies, fiscal-year, percentage of ownership, and more
• Store loan-related and other documents for easy retrieval
• Maintain an audit trail to support compliance tracking

"This new service provides a well-defined loan management process. It simplifies the complexities of coordinating even the most elaborate cross-border lending activities, without requiring an investment in technology," reports Cindy Gerhard, Global Head of TreasuryVision with Citi's Global Transaction Services. "It eliminates less efficient tracking via spreadsheets and off-line archives of loan agreements" she said.