Citi Launches Direct Notifications for Structured Finance Transactions with
New Service will increase transparency and efficiency in monitoring structured
NEW YORK -- January 25, 2013
Citi has launched a communication and notification service to enable
structured finance issuers to communicate key actions directly to investors in
real-time via the Bloomberg Professional service.
In its capacity as notification agent for issuers, Citi will deliver automated
amendments, waivers and consents and other types of notices directly to
investors via CF<GO>, the corporate filing platform available to subscribers
to the Bloomberg Professional service - a software platform that provides
real-time and historical data, news and analytics. Investors will then be able
to access a link to Citi’s secure investor reporting website to view notices
online in real-time.
Investors are increasingly challenged to efficiently monitor notices on
numerous tranches of structured finance issues which can directly impact
pricing and liquidity. Until now, investors have relied on indirect
notification of actions via third parties. With Citi’s Investor Direct
Notification Service, investors can be alerted to notices, ensuring they do
not miss important notifications that could impact deal monitoring.
“We are pleased to work with Bloomberg to launch Citi’s latest extension of
our trust and administration services for structured finance issuers and
investors,” said Paul Burke, North America Head of Sales, Agency and Trust
Services, Citi. “We have a deep understanding of the needs of the participants
in the structured finance markets, and we are committed to delivering leading
solutions that help increase transparency and liquidity.”
With more than $4 trillion of debt issues under administration, Citi is a
leading provider of agency, fiduciary, tender and exchange, depository and
escrow services in both developed and emerging markets. Citi’s full suite of
administration solutions simplifies the issuance and payment process that
enables issuers to focus on optimizing financing programs.
“Bloomberg is committed to helping investors increase their due diligence
efforts in today’s heightened regulatory environment,” said Russel Parentela,
Bloomberg's Global Head of Structured Products. “We continuously evaluate
opportunities to enhance our platform and deliver increased transparency and
efficiency for our clients across markets.”
Through its Securities and Fund Services business, Citi’s industry-focused
experts provide issuers, investors and intermediaries worldwide with tailored
investment services solutions delivered through proven global platforms that
feature modular, open architecture. With $13.2 trillion of assets under
custody and the industry’s largest proprietary network, clients can leverage
Citi’s local market expertise and global reach to extract value across the
entire investment value chain.
Citi Transaction Services, a division of Citi’s Institutional Clients Group,
offers integrated cash management, trade, and securities and fund services to
multinational corporations, financial institutions and public sector
organizations around the world. With a network that spans more than 95
countries, Citi’s Transaction Services supports over 65,000 clients. As of the
fourth quarter of 2012, it held on average $428 billion in liability balances
and over $13.2 trillion in assets under custody.
Citi, the leading global bank, has approximately 200 million customer accounts
and does business in more than 160 countries and jurisdictions. Citi provides
consumers, corporations, governments and institutions with a broad range of
financial products and services, including consumer banking and credit,
corporate and investment banking, securities brokerage, transaction services,
and wealth management.
Additional information may be found at www.citigroup.com | Twitter: @Citi |
YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook:
www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
Nina Das, +1 212-816-9267
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