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Citi Successfully Implements Global Multicurrency Notional Pooling for Hyundai Motor Company

Hong Kong - November 17, 2011 – Citi’s Treasury and Trade Solutions, part of the Global Transaction Services division, announced today the successful implementation of global multi-currency notional pool for Hyundai Motor Company ("HMC"). In an effort to maximize its cash management efficiency, HMC put out a Request for Proposal (RFP), which Citi won, strengthening Citi’s existing relationship with HMC by providing an automated solution to monitor the cash management of its subsidiaries and maximize the utilization of its internal cash surplus.

To win the mandate, Citi created an innovative Multi-entity Multi-Currency Notional Pooling (MCP) solution. This solution affects HMC in various areas: control; convenience, effectiveness and liquidity management. Especially in the recent financial turmoil in Europe, HMC could achieve an additional liquidity risk management solution by the implementation of a cash management solution in Europe. With the completion of the implementation earlier this month, HMC has confirmed that they are taking advantage of the MCP reports reflecting the aggregated balances of their subsidiaries and continue to be very impressed with Citi’s dedicated support for this project.

"We have developed very strong relationships with HMC over 10 years of business across the globe," said Sridhar Kanthadai, Regional Head, Asia Pacific, Treasury and Trade Solutions, Citi. "Winning this RFP is both testament to the strength of this relationship, the consistent high quality of our services and solutions, and our ability to provide marketleading cash management services to global and regional clients."

The significance of Citi’s solution has the potential to inspire Korea’s automotive industries by demonstrating the business benefits that can be achieved through sophisticated cash management solutions.

Citi’s Global 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 100 countries, Citi’s Global Transaction Services supports over 65,000 clients.

H.K Cho, head of the sales subsidiaries management team of Hyundai Motor Company, said, "Citi has been a good banking partner for Hyundai Motor Company for many years and they continue to try to deliver innovative solutions to meet our needs and to bring value to our business. We chose Citi for their experience, capability and innovative spirit and we are very pleased to be working with them on the successful implementation of this global multicurrency notional pooling mandate."

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About Citi
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About Global Transaction Services
Global 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 100 countries, Citigroup’s Global Transaction Services supports over 65,000 clients. As of the third quarter of 2011, it held on average $365 billion in liability balances and $12.5 trillion in assets under custody.