Citi Empowers Middle Office Clients with Flexible Investment Data Delivery
September 19 2019 - 3:00AM
Business Wire
Citi has upgraded its Investment Book of Record (IBOR) data
delivery service to support Middle Office clients operating across
multiple trading cycles. The so‑called ‘multi-slot’ IBOR solution
can be customised to meet the operational needs of individual
clients across their front office locations in various regions,
particularly informing start-of-day trading positions and cash
forecasts globally.
The enhanced IBOR solution provides clients with positions,
traded and settled cash, transactions, instrument master data,
foreign exchange rates and cash forecast data driven by regional
valuations for listed and OTC assets. The service also includes a
historically correct IBOR (HCIBOR) solution which can seamlessly
integrate with existing performance and client reporting
services.
“The core strength of our offering is the richness of the data,
the speed of delivery, and its flexibility to meet clients’ needs,
whilst being order management system, custodian and fund accountant
agnostic,” said Pervaiz Panjwani, EMEA Head of Custody and Fund
Services. “With a comprehensive data model, comprised of over 600
unique data elements including OTC supplemental data, backed up by
Citi’s extensive control framework, we can support a wide range of
investments and facilitate decision making.”
Citi’s enhanced IBOR data delivery service is now live and
available as a standard part of its Middle Office Services. This
enhancement coincides with the culmination of multiple years of
investment in its middle office platform, a suite of highly
automated and integrated capabilities that includes trade
processing, asset servicing, OTC valuation and collateral
management services, portfolio accounting, and performance and risk
reporting.
“As our global clients expand across markets and investment
types, they operate in increasingly complex environments,” said
Sanjiv Sawhney, Global Head of Custody and Fund Services. “Clients
will look to partner with a provider that can solve complex
problems, simplify their operations and support their growth.”
With over $21.7 trillion of assets under custody and
administration and the industry-leading proprietary network
spanning over 60 markets, Citi’s Custody and Funds Services
business provides clients with in-depth local market expertise,
advanced processing technologies and a wide range of fund services
that can be tailored to meet clients’ needs.
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About Citi:
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides 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, transaction services, and
wealth management.
Additional information may be found at www.citigroup.com |
Twitter: @Citi | YouTube: www.youtube.com/citi | Blog:
http://blog.citigroup.com | Facebook: www.facebook.com/citi |
LinkedIn: www.linkedin.com/company/citi
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version on businesswire.com: https://www.businesswire.com/news/home/20190919005048/en/
Media Contact: Francesco Meucci +44 207 508 0717
francesco.meucci@citi.com
Nina Das +1 212 816 9267 nina.das@citi.com
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