Citi extends liquidity management network

Source: Citi

Citi has further extended its liquidity management network with the addition of Notional Pooling in Amsterdam, thereby providing clients with global hubs for liquidity management across six money centers - New York, London, Amsterdam, Singapore, Hong Kong, and Tokyo.

This addition furthers Citi's continued leadership in providing clients with true, end-of-day cash aggregation and optimization across more locations than any other provider. By using Citi's branch network - more extensive than that of any other bank - clients can optimize end-of-day liquidity without loss of value or the limitations of associate bank networks or multi-bank concentration.

"Our established pooling centers have experienced significant growth in the past several years, following the global financial crisis, and a number of our clients desired expansion of our program to new markets. The Netherlands was already a major treasury center for multinationals, given its favorable tax and regulatory regime. In recent years, many emerging market companies have also set up treasury centres there, adding to the flows. The introduction of SEPA will also have a positive impact on centralization, with likely consequent further growth in the Netherlands as a liquidity hub" said Amit Agarwal, EMEA Head of Liquidity Management Services, Treasury and Trade Solutions, Citi.

Citi's suite of Cash Optimization capabilities include multi-entity and multi-currency notional pooling, which provide clients the ability to optimize internal liquidity without commingling cash between subsidiaries or having to perform FX transactions or alter FX exposures. In combination with Citi's suite of Cash Aggregation services – which mobilize cash to give clients full value of their liquidity after markets close, inclusive of back-values – companies have a wide set of options to optimize their global liquidity management based on their tax, regulatory and operational drivers.

"With internal liquidity and funding a prime focus for global enterprises, clients continue to work with Citi so they can mobilize cash from nearly anywhere in the world. With the Netherlands a hub of treasury activity, we responded to market demand by expanding our notional pooling capabilities, providing clients with additional flexibility in designing an optimal global liquidity structure," said Elyse Weiner, Global Head of Liquidity Management Services, Treasury and Trade Solutions, Citi.

This latest extension in Citi's Global Network for Liquidity Management furthers Citi's continued leadership, demonstrating why more corporations rely on Citi as their global liquidity bank than any other provider. 

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