The new offering in Luxembourg supports all major global currencies and is built on Citi’s Global Notional Pooling platform, providing comprehensive reporting for tracking exposures, monitoring pool entities and reconciling financial benefits for clients in multiple pooling centers around the world. With companies continuing to face volatility in their supply chains and cross-border business activities triggered by the COVID pandemic, Citi is actively expanding solutions to enable clients seeking to achieve both treasury and corporate sustainability objectives in an integrated manner.” Stephen Randall, Global Head of Liquidity Management Services, Treasury and Trade Solutions, Citi, says, “As companies seek ways to expand their ESG programs, treasury departments are playing a greater role in shaping and achieving these objectives. This automation, combined with enhanced treasury workstation integration, enables Citi’s clients to participate in sustainable short-time investments and automate their ESG initiatives end-to-end. The offering will allow clients to harness multi-currency notional pooling, automated ESG investments options and wider liquidity management capabilities, including target balancing, multi-bank target balancing, cross-currency sweeps and virtual accounts to meet their Treasury objectives.Ĭiti has expanded its ESG offering as part of the launch, by fully integrating notional pooling with a new range of ESG Money Market Fund options, available via an automated sweep from Luxembourg based accounts. Luxembourg Citi has announced the launch of its multi-currency notional pooling (MCNP) capabilities in Luxembourg, with a unique integrated Environmental, Social and Corporate Governance (ESG) offering attached.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |