Citibank^® Network Collection

Network Collection, comprising Citi branches, partner banks, post offices, Automated Collection Machines (ACM), retailers and other collection members, provides you with comprehensive, on-the-ground collections coverage.

Your customers and distributors can make a payment through any one of our collection channels. For easy follow-up and reconciliation, each deposit includes a discrete reference number. In order to ensure timely settlement, both local and out-of-town checks are cleared through the most convenient clearing house or correspondent bank agreements in each country. In addition, subject to credit line agreements, we can discount checks in advance.

Citibank^® Network Collection assures you of:

• An accelerated collection process, reducing the number of days sales outstanding
• Simplified reconciliation
• Better management of clearing cycles by using the most convenient clearing house or correspondent bank
• Extended business hours
• Improved convenience through proximity to collection channel