Citi Enhances its Award-Winning TreasuryVision® Global Liquidity Portal

Citi today announced the release of its TreasuryVision® Global Liquidity Portal’s Intercompany Lending Module version 2.0. New functionality now available with this enhanced tool allows clients to manage the intercompany lending process and simplify the tracking and reporting of financial flows between legal entities. It also helps clients control exposures, anticipate interest and tax liabilities and manage workflow and associated documentation – all while aiding compliance with linked internal policies.

Corporate liquidity and funding is a prime focus for global enterprises. A well run intercompany lending program yields opportunities to leverage internal flows to create greater efficiency and reduce the need for external funding and related costs. With a single repository of all intercompany loans, a client’s treasury can more easily manage withholding tax liabilities and FX exposures, plan for dividend repatriation, and reduce the overall risk profile. The new tool enables clients to design a flexible program that leverages people, processes and technology and incorporate best practices and market expertise in an efficient and holistic framework.

“In 2011 the Global Liquidity & Investments Team at Citi’s Global Transaction Services was at the forefront of the industry analyzing and assisting clients in understanding their needs and priorities around corporate liquidity and intercompany funding,” said Elyse Weiner, Global Head for Liquidity & Investments with Citi’s Global Transaction Services. “As part of our continued investment in innovative tools and services, we introduce the Next Generation of Intercompany Lending Management capabilities on the TreasuryVision® Global Liquidity Portal. This significant release is both an upgrade to the user experience offered today through the TreasuryVision Global Liquidity Portal, as well as significant expansion of this capability, through new product functionality and innovation.”

The Intercompany Lending Module is fully integrated within the TreasuryVision® Global Liquidity Portal, merging legal entity hierarchies and providing a greater level of self-service and automation. Through work with Citi’s pilot clients and their most pressing needs in this area, this innovative module has been expanded to include new loan types, including floating rate, revolver, promissory note and discount loans. Also, new benchmark rate entry functionality has been added in order to support processing and reporting of loans with variable interest rates.

“The enhancements Citi has made to the Intercompany Lending Module deliver vital new functionality that enable our clients to navigate complex recordkeeping, reporting and policy requirements for their intercompany loans, ensuring better oversight and a reduction in overall risk for their organization,” said Cindy Gerhard, Global Product Head for Liquidity & Investments with Citi’s Global Transaction Services. “This powerful, first-of-its-kind tool expands on the strong capabilities of our award-winning TreasuryVision® Global Liquidity Portal, and is indicative of our commitment to working together with our clients to provide the most robust treasury solutions available for them.”

With this updated release, clients will be able to initiate a loan using one simple screen for input of all loan parameters, including term, pricing, repayment schedule, accrual methodology and documentation. New reports have been added to the Intercompany Lending module, providing audit trails on user activity in the process of creating, approving and amending loan records. Existing reports have been enhanced with new features and formatting, such as additional filter and/or reporting capabilities.

Enhancement to the Intercompany Lending module offer clients the following benefits:

• Easily organize intercompany legal lending relationships with an operational framework and leverage automated workflows and reporting tools
• Capture legal entities, functional currencies, fiscal year-end and other customized elements
• Manage internal counterparty and currency exposure by setting lending limits between entities
• Maintain withholding tax rates to calculate tax liability
• Easily retrieve documents with online storage and retrieval to respond to regulators and auditors

Citi is the first bank to offer the ability to record and track term intercompany positions within its electronic banking platform or liquidity portal. Developed as a direct response to client needs, this solution is a key Citi differentiator and a prime example of the bank’s technology leadership. Since its release, Citi’s TreasuryVision® Global Liquidity Portal has been recognized by the industry as an innovative solution for clients having been named the Alexander Hamilton – Tool of the Year from Treasury & Risk magazine and Application of the Year by The Banker, among others.

TreasuryVision® Global Liquidity Portal

Citi’s TreasuryVision® Global Liquidity Portal provides enterprise-wide visibility into cash and investments, allowing clients to improve overall control of financial data, and optimize global cash allocations and credit usage. Powerful, customizable analytics and forecasting functionality enable clients to more effectively manage liquidity and risk. Sophisticated treasury workflow tools, such as cash flow forecasting, bank account management and intercompany lending management help clients achieve organizational efficiency.

Global Transaction Services, a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 95 countries, Citi’s Global Transaction Services supports over 65,000 clients. As of the fourth quarter of 2011, it held on average $368 billion in liability balances and $12.5 trillion in assets under custody.

About Citi

Citi, the leading global financial services company, 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.

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