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Prime Custody: Achieving Asset Protection & Operational Simplicity
Since Citi Prime Finance is part of the broker-dealer entity and
Citi Securities and Fund Services is part of a separate custodial
banking entity, clients are able to:
• Move securities off the broker-dealer legal entity and onto
a bank legal entity to ensure bankruptcy protections from
the broker dealer.
• Physically shift assets from the broker-dealers’ to the
custodians’ infrastructure for additional security.
• Beneft from a normalized data model and systematic
data exchanges between their custody and prime
brokerage accounts.
• Examine their holdings and buying power across their
custody and prime brokerage accounts from a single
reporting platform.
• Monitor movements between their custody and prime
brokerage accounts from their existing tools.
• Leverage their existing prime fnance client service
relationship to handle all operational oversight on their
custody and prime broker accounts.
These abilities are highlighted in Chart 5.
Chart 4: Custodial vs. Prime Broker Trade Life Cycles