Trade through CitiDirect® Online Banking provides easy access and control over your trade transactions, enabling importers and exporters to manage trading activities effectively.
With CitiDirect Online Banking importers can:
- Issue and amend letters of credit online.
- Settle and track import collections.
- Receive accurate and timely information.
- Monitor transaction status.
- Track letter of credit history.
- Use the new custom template feature to assemble Citi®'s input form to suit the data layout used to prepare your import letter of credit application.
With CitiDirect Online Banking exporters can:
- Track letter of credit and amendment activity online.
- Transfer letters of credit and amendments online.
- Monitor transaction history.
- Select from five variations of export presentations to suit any permutation of export payment terms.
For both importers and exporters, CitiDirect Online Banking offers:
CitiDirect Online Banking provides access to accurate, real-time status on account structures across your entire organization, including detailed:
- Cash and Foreign Exchange Management Enables you to manage cash and foreign exchange activities by providing access to status of letter of credit and direct documentary collection.
- Customized Authorization Allows customized authorization procedures, which lets your local offices initiate and approve transactions up to pre-specified amounts.
- Security Offers comprehensive, multilevel security mechanisms, including standard data encryption, dynamic passwords, and control over system access.
- Systems Integration Lets you capture the wealth of information available through the trade reports in a variety of file formats and upload the data to your treasury applications or Enterprise Resource Planning (ERP) system.
- Libraries Contains a database of pre-defined text and customized libraries of commonly used information, and templates that you can cut and paste as needed.
- Customized Service Work with Citi professionals to define your needs and develop specific activation plans.
Trade Services via CitiDirect Online Banking
Trade services such as Letters of Credit and Collections are now accessible via our Internet-based application, CitiDirect. This web-based platform easily gives efficient access and control of trade transactions in a highly secure environment. This global trade offering includes:
- Transaction initiation for import and export clients.
- Product information through reports and inquires
This new product, CitiDirect, also provides clients with
- Reduced cycle time
- Free format communication with Citi
- Online capabilities
Trade Finance via CitiDirect Online Banking
For your Trade Finance transactions, which include Import and Export loan financing received through Citi, clients can use CitiDirect's product inquiry feature to obtain updates on their existing Trade loans.
For more information on Trade through CitiDirect, please contact any Global Transaction Services Officer.