Cash Management provides capabilities and solutions to help clients streamline their business processes, realising greater operational efficiencies and managing working capital more effectively.

1. Local Currency Payments
   • Citi processes domestic electronic payments for a value of less than ZAR 5 million on the BankServ/ACH batch settlement platform on either a same day (value) basis or a next day basis. The payment instruction can be delivered to Citi via one of our approved delivery channels (CitiDirect or Citi File Xchange)
   • The Real Time Gross Settlement (RTGS) system, South African Multiple Option Settlement (SAMOS), is suited for high value, low volume payments, as well as time sensitive payments. All payments in excess of ZAR 5MM must be paid via SAMOS
   • We also handle Customer Cheques for which we can provide a remittance advice
2. Foreign Currency Payments
   • Cross Border Fund Transfers- our unparalleled network bypasses the use of correspondent banks and thereby reduces the fees on cross border payments
   • WorldLink is a multi currency payment solution that offers you a single window through which you can make a variety of payment types in over 138 currencies across the globe without having to maintain local accounts in the individual currencies
   • Foreign Currency Drafts for USD, GBP and EUR currencies
   • International Payment Account (IPA) combines our global payment capabilities with the convenience of CitiDirect to offer you a global cash management solution delivered through one USD or Euro currency account
   • Citi Integrated Payments Service (IPS) provides the flexibility of local options; the consistency of global pricing and reporting; the simplicity and efficiency of an end-to-end solution with the global strength of the Citi network

1. Physical Collections
   • Local Currency Cash and Cheque Collections - Citi allows you and your customers to deposit cash or cheques into your account at a chosen collection point (over 1,200 collection points in South Africa) - providing you with access to the largest collection network in South Africa.
   • Foreign Currency Cheque Deposits - Upon receipt of foreign currency cheques drawn on banks outside the country of deposit, Citi sends these cheques on collection for clearing (except USD)
2. Electronic Collections
   • Through Citi, you can receive incoming transfers initiated by debtors, initiated both domestically and cross-border
   • Using CitiDirect® Online Banking we offer Direct Debit capabilities for all electronic collections. Citi Direct Debit simplifies the collection of low-value domestic payments by providing a single interface into the Automated Clearing House, improving the predictability of your cash flows.
   • With Citi Electronic Cheque Deposits, on receipt of US Dollar Cheques, Citi scans the cheques and electronically transmits the images to Citi New York for clearing - eliminating the lead time of mailing them to the bank

We offer both Target Balancing and Notional Pooling liquidity solutions.

These structures mean that credit and debit balances offset one another, minimizing interest expense. Interest is calculated on the net balance of participating accounts daily, and posted into the account on a monthly basis.

Citi's Client Investment Solution is the High Interest Yielding Account (HIYA). This is an alternative investment channel for clients with excess working capital who wish to invest on an overnight basis at a competitive rate.

1. Citi Commercial Cards
   • As a leading Commercial Card issuer, Citi is committed to providing solutions that offer greater control, visibility and optimization to help our clients maximize their efficiencies and expand their opportunities. Whether your needs are local or global, Citi can customize a solution to help your organization achieve its strategic financial objectives.
2. Citi Prepaid Cards
   • Citi Prepaid Services is a leading provider of innovative corporate prepaid solutions. Through a consultative approach, we deliver custom electronic payment programs that reduce costs, drive efficiencies, increase program effectiveness and enhance brand communications. Even greater, our programs provide compelling benefits for the user.