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Citi Enhances Collateral Management Solution to Create New Efficiencies for Asset Managers

New York, NY - September 17, 2012 – Citi has enhanced OpenCollateralSM, its industry-leading collateral management solution, to provide asset managers with automated collateral position reconciliation via SWIFT. This new capability streamlines collateral management by creating standardization across funds and custodians, requiring fewer collateral accounts and reducing the number of collateral instructions.

Derivatives regulations are driving investors to improve both the capacity and the efficiency of their collateral management operations. “Now, with OpenCollateral, our clients can rely on us to manage collateral directly from their existing custody accounts, said Rajen Shah, Global Head of Collateral Management, Citi Transaction Services. “Receiving this data directly from the custodian avoids the need for asset managers to be involved in instructing every collateral movement.”

A key step in achieving collateral efficiency is to make best use of fund assets as collateral. This is only possible if the collateral manager has full information from the custodian on held balances each day. “Our early-to-market solution provides better efficiency for investors by enabling them to concentrate all their unencumbered assets within their principal custody accounts,” continued Rajen Shah. “This new capability makes it even simpler for our clients to use our collateral management service across all their existing custody relationships.”

Citi offers complete margin processing and collateral administration to help clients improve collateral efficiency, manage counterparty risk and streamline their operations. In addition to its industry- leading collateral management services, Citi offers a full suite of investor solutions through Citi OpenInvestorSM.

Citi OpenInvestor is the investment services solution for today’s diversified investor, combining specialized expertise, comprehensive capabilities and the power of Citi’s global network to help clients meet performance objectives across asset classes, strategies, and geographies. With award-winning service and unmatched scale, Citi provides complete investment services for institutional, alternative, and wealth managers delivering middle office, fund services, custody, investing and financing solutions focused on clients’ specific challenges, customized to their individual needs. For more information, please visit openinvestor.transactionservices.citi.com.

Citi 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 95 countries, Citi’s Transaction Services supports over 65,000 clients. As of the second quarter of 2012, it held on average $396 billion in liability balances and over $12 trillion in assets under custody.

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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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