Citigroup Expands Successful Trade University Program To Target Financial Institutions

Solutions-Based Web Seminars To Launch Week of November 13

SIBOS, October, 2006, Sydney, Australia – Global Transaction Services, a business unit of Citigroup Corporate and Investment Banking, launches Citigroup's Trade University for Financial Institutions, a monthly series of Web-based seminars — or Webinars — showcasing a comprehensive curriculum of global trade topics directed specifically to correspondent banks. Building on the success of Citigroup's Trade University for corporations, launched in March 2006, this educational program is designed to address the ongoing demand for training by financial institutions (FIs) in all areas of trade.

Thought Leadership and Intellectual Capital
"The new Citigroup Trade University for Financial Institutions offers the same level of knowledge, expertise and intellectual insight as the original edition for corporations, leveraging Citigroup's technical experts from around the globe who are fluent in all facets of supply chain financing with trade services and finance," says Claudia Slacik, Global Head, Trade Services and Finance, Global Transaction Services. "Given that the physical supply chain is evolving quicker than the financial supply chain, financial institutions need to learn how to bridge the gap and offer services that meet the constantly changing needs of their clients. In addition, the quality of the program's 'professors,' the timeliness of the Webinar topics and their relevance on day-to-day business make this unlike any other program for financial institutions."

Citigroup's Trade University for FIs is a series of online seminars with a new topic explored each month. Featuring Citigroup trade specialists who conduct the sessions, the curriculum emphasizes the practical application of market-proven solutions. Seminar topics will range from recent regulatory changes to open account trade to anti-money laundering compliance. The interactive format, with the sessions conveniently accessible through a straightforward log-on procedure, allows for a vigorous exchange of ideas among the participants.

"The Art and Science of Letters of Credit Document Examinations"
Citigroup will launch Citigroup's Trade University for FIs the week of November 13 with "The Art and Science of Letter of Credit Document Examinations." This inaugural session will focus on the different perspectives on what constitutes a discrepancy in document examinations (the "art") as well as the systems and techniques that have evolved to address this critical banking function (the "science"). The course will be taught by Citigroup practitioners who have coached many of their colleagues through the Certified Documentary Credit Specialist (CDCS) examination process.

Trends and Challenges for FIs
For the spring and fall 2007 "semesters" of Citigroup's Trade University for FIs, the following Webinars are planned:

  • Understanding the Risks of Standby L/Cs V exploring the global practices, as well as the governing rules, for standby credits and guarantees
  • Trade Compliance — addressing the risks of money laundering and other regulatory matters
  • UCP 600 Revision and Its Impact — major issues with the new rules and how to prepare for them
  • Trading with China — the transformation of this crucial market and its impact upon you and your clients
  • Open Account Trade and Financing the Supply Chain — how the financing of trade is changing and what banks are doing about it
  • Current Letter of Credit Legal Issues

"Citigroup is constantly seeking to provide our clients a strategic advantage by offering them value-added information and the latest solutions for the challenges of Trade," says John Ahearn, Global Head, Trade Services and Business Unit Manager. "We discovered through our success with Citigroup's Trade University that the Webinars are an extremely valuable tool for our corporate clients who want to be leaders in their industries. Financial institutions are the next logical area of focus for this type of training in the complex world of global trade."

Citigroup Trade — A Global Leader
With a market-leading network spanning 71 countries and 112 cities, Trade Services and Finance, part of the Global Transaction Services division of Citigroup Corporate and Investment Banking, delivers comprehensive solutions to suppliers and buyers worldwide. Clients benefit from the innovative ideas of Citigroup's trade professionals, enabling them to manage risk, improve working capital, control trade flows and multiple currency cash flows, and access information to facilitate the management of trade activities. In recognition of its market leadership, Trade Services and Finance received Trade Finance "Awards for Excellence 2006" for Best Structured Trade Bank, Best Trade Services Bank Best Short-Term Trade Finance Bank, Best Trade Bank in Asia, Best Trade Bank in China and Best Trade Bank in Thailand. It was also cited as Best Global Trade Finance Provider 06 by Trade & Forfaiting Review. Of particular note on its technological capabilities, it received The Banker Technology Awards 06/Trade Finance Project and Global Finance's Best Trade Finance Services - Europe, Latin America and North America, 2006.


Citigroup (NYSE: C), the leading global financial services company has some 200 million customer accounts and does business in more than 100 countries, providing 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, and wealth management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at

Citigroup Corporate and Investment Banking
Our Corporate and Investment Banking group achieves the extraordinary for our clients around the world. No financial institution is more committed to understanding and advancing the goals of its clients – our diverse and talented staff in some 100 countries advises companies, governments, and institutional investors on the best way to realize their strategic objectives. We create solutions for and provide the broadest possible capital and market access to thousands of issuer and investor clients, and no institution better executes the increasingly complex payment and cash management solutions required in today's global economy. Core business lines under Citigroup Corporate and Investment Banking include Global Capital Markets, Global Banking and Global Transaction Services.