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.