20 July 2018
Visit www.avoka.com

Citi bolsters its custody offering

25 July 2016  |  2048 views  |  0 Source: Citi

Citi has further enhanced its Integrated Custody program with extended cut-off times for global custody accounts serviced from London, Luxembourg and New York.

 With over $15 trillion of assets under custody and the industry-leading proprietary network spanning 60 markets, Citi’s custody business provides clients with in-depth local market expertise, advanced processing technologies and a wide range of fund services that can be tailored to meet clients’ needs. Launched in 2013, Citi’s Integrated Custody program aims at leveraging the strength of Citi’s global operations, technology platforms, and proprietary custody network to improve client experience through an enhanced custody model delivering accuracy, risk mitigation, low latency and market intimacy whilst driving efficiency and flexibility.

The new cut-off times apply to settlement and cash instructions across Citi’s sub-custody network. Enhancements have been completed in 70+ markets globally and vary across each market, ranging from 15 minutes to more than 24 hours. The extended deadlines allow clients to gain additional processing time to consolidate instructions and enable them to send instructions around the clock regardless of their location.

“We are pleased to further strengthen our Integrated Custody program, a core element of Citi’s custody offering,” Sanjiv Sawhney, Global Head of Custody and Fund Services said. “These enhancements follow those previously announced for our clients in the Americas and highlight our determination to provide unparalleled access to global markets whilst enabling our clients to optimize their investments through improved settlements rates and cash flows.”

Citi Investor Services offers managers access to an end-to-end set of flexible investment solutions within three distinct products: Prime Finance; Futures, Clearing and Collateral; and Global Custody and Fund Services.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit info.nice.comVisit https://secure.vasco.comVisit http://go.jumio.com/finextraAd

Who is commenting?

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
12927 views comments | 6 tweets | 7 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
10369 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9764 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
6804 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
6606 views comments | 2 tweets | 7 linkedin

Featured job

Basic c Euro 120K, Variable Euro 120K - full ben...
Paris prefered London possible

Find your next job