NEWS

WIRES

OTHER

Citi Expands Its TreasuryVision Platform; Introduces New Intercompany Lending Management Module

TreasuryVision is a web-based treasury management platform that provides a single window for global visibility into aggregated account information for cash, investments and debt. Corporations use it to view cash positions, create cash flow forecasts and manage global liquidity and counterparty risks more effectively.

The new TreasuryVision Intercompany Lending Management Module allows treasury departments to centralize activities related to intercompany lending between legal entities. By capturing funding activity in one globally accessible on-line system, it also streamlines the tracking and reporting of financial flows and makes it easier to control and monitor related activities.

TreasuryVision already provides clients with on-line reporting on their automated global concentration and notional pooling activity through Citi's Global Liquidity & Investments services. With this new module, corporations can now also process internally managed intercompany funding activity through TreasuryVision.

"Intercompany lending is an important source of funding for global firms. A well-run program gives a company greater control over funding sources, tax liabilities, repatriation and foreign exchange exposures, all of which reduce its risk profile." said Elyse Weiner, Global Head of Liquidity and Investments with Citi's Global Transaction Services.

The key features of the Intercompany Lending Management module include, but are not limited to, providing users with the ability to:

• Manage internal counterparty exposures by setting lending and borrowing limits between entities
• Initiate loans in any currency to accrue at defined rates, day basis, accrual methods, etc
• Maintain withholding tax rates to calculate tax liabilities
• Approve and monitor loan requests and amend terms online
• Centralize and manage data on legal structures, their functional currencies, fiscal-year, percentage of ownership, and more
• Store loan-related and other documents for easy retrieval
• Maintain an audit trail to support compliance tracking

"This new service provides a well-defined loan management process. It simplifies the complexities of coordinating even the most elaborate cross-border lending activities, without requiring an investment in technology," reports Cindy Gerhard, Global Head of TreasuryVision with Citi's Global Transaction Services. "It eliminates less efficient tracking via spreadsheets and off-line archives of loan agreements," she said. More information is available at www.treasuryvision.com

Global Transaction Services, a division of Citigroup'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 100 countries, Citigroup's Global Transaction Services supports over 65,000 clients. As of the fourth quarter of 2010, it held on average $353 billion in liability balances and $12.6 trillion in assets under custody.

About Citi

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Through Citicorp and Citi Holdings, 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 or www.citi.com.

Media:
Citi
Nina Das, 212-816-9267
nina.das@citi.com