NEW YORK--(BUSINESS WIRE)--

Citi’s Treasury and Trade Solutions’ Global Concentration Engine (GCE) has reached a significant milestone with more than 50 countries/territories now live on its global liquidity network. The latest additions include locations in Latin America, Europe and the Middle East. “We are very pleased to reach this significant milestone of our liquidity solution capabilities. It reflects our continued focus to deliver the strength of Citi’s global network to our client base, offering them efficient liquidity management capabilities,” said Mark Smith, Global Head of Liquidity Management Services at Citi’s Treasury and Trade Solutions. “We see usage of global liquidity structures continuing to grow as companies centralize their treasury management while adapting to changing regulations and tax considerations.”

The GCE platform provides clients with automated cash concentration services which can be used to consolidate their end-of-day balances and eliminate inefficient residual cash that would be left in their banking network. Often treasuries use partner bank solutions to simulate global access but such arrangements are subject to interbank cutoff times. With Citi’s GCE, this end-of-day funds movement within Citi’s proprietary network can result in more efficient working capital management for clients. Similarly, the automated nature of the service allows treasuries to re-focus resources on strategic activities and also reduces risks associated with manual tracking and reconciliation processes.

Other enhancements to the GCE platform include intraday sweeps as well as several user-defined controls to assist clients in automating their accounting and reconciliation processes.

“When we expand our conventional cash concentration process outside of the developed markets, it is a challenge for our clients to navigate regulatory controls and reporting requirements which are quite common,” notes Michael Berkowitz, Global Product and North America Head of Liquidity Management Services at Citi’s Treasury and Trade Solutions. “However, these very same emerging markets are often the source of higher rates of growth for our clients. Hence, we look to build innovative solutions for these markets with controls that assist our clients in complying with the associated local requirements.”

Another key liquidity management enhancement is also available in the new premium version of TreasuryVision^® Liquidity Manager, an integrated cash positioning tool available on CitiDirect BE^®, Citi’s online banking platform. Specifically mapped to a user’s cash pooling structure, clients now have visibility over intraday cash balances and opening balances, providing a global view of operating cash that can help identify opportunities to streamline reconciliations, actively invest and manage exposures.

Citi Treasury and Trade Solutions (TTS) enables our clients' success by providing an integrated suite of innovative and tailored cash management and trade finance services to multinational corporations, financial institutions and public sector organizations across the globe. Based on the foundation of the industry's largest proprietary network with banking licenses in 97 countries and globally integrated technology platforms, TTS continues to lead the way in offering the industry's most comprehensive range of digitally enabled treasury, trade and liquidity management solutions.

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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