Citi Extends Global Network for Liquidity Management

  Citi Extends Global Network for Liquidity Management

Addition of New Global Liquidity Hub in Amsterdam in Response to Client Needs

Business Wire

LONDON -- July 25, 2013

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.

About Citi

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.

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UK: Edwina Frawley-Gangahar
+44 (20) 7508-2340
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