Citi Announces Launch Of Second Generation Of CitiDirect For Securities-Custody Reporting™ Platform

Enhanced Version of Widely Used Application Includes More than 80 New Features and Functions for Improved Usability and Data Content Management

SIBOS: BOSTON, NEW YORK – Citi Markets & Banking today announced the launch of the second generation of CitiDirect for Securities-Custody Reporting, its widely implemented custody and cash reporting platform. This greatly enhanced version of the reporting application includes more than 80 new features and functions for improved client usability and data content management.

“This second generation of CitiDirect for Securities-Custody Reporting will continue to deliver the same exceptional services and functionality our clients have come to expect," says Curt Brill, Managing Director, Securities and Fund Services, Citi Markets & Banking. "Significantly, the upgraded version offers the added benefits of a better client experience through quicker delivery times, enhanced reporting and information services, and a redesigned data model that has improved the consistency and integrity of the system.”

Among the major changes in the new system are re-engineered data feeds from global core systems, a redesigned data model, and a redesigned reporting infrastructure. “These features,” says Citi's Brill,“ have improved the integrity and ease of use of data; created a global, uniform, end-of-day reporting process; provided more customization and integration tools; and increased the overall functionality and performance of the system.”

In particular, the upgraded edition of CitDirect for Securities-Custody Reporting includes:

  • A redesigned reporting gallery featuring richer reporting dialogs with wizards for ease of use
  • The introduction of a reporting home page
  • The capability to run security-specific reports
  • The ability to run multiple reports concurrently

CitiDirect for Securities-Custody Reporting is a prime component of the CitiDirect for Securities operating platform, which provides clients with on-line access to account and transaction data. CitiDirect for Securities is a key element in Citi's range of solutions available to clients. The range of solutions allows clients to manage their assets in the manner which best fits their operating environment and infrastructure needs.

Citi offers full support for SWIFTNet Real-time Cash Reporting messages in its Global Clearing Solutions that encompass U.S. Dollar, Euro, Yen, Pound Sterling, and Swiss Franc currencies. Clearing for all currencies is offered on a single, globally consistent platform with full transparency into the transaction lifecycle, including the ability to monitor and prioritize payments and initiate and track investigations.

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About Citi
Citi Markets & Banking is the most complete financial partner to corporations, financial institutions, institutional investors and governments in the world. As a global leader in banking, capital markets, and transaction services, with a presence in many countries dating back more than 100 years, Citi enables clients to achieve their strategic financial objectives by providing them with cutting-edge ideas, best-in-class products and solutions, and unparalleled access to capital and liquidity.

Citi, 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 the trademark red arc include: Citibank, CitiFinancial, Primerica, Citi Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com.