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A-Team Insight Blogs

Citi Launches Next Generation Solution for OTC Derivatives Operations

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Citi today announced that its Global Transaction Services business has launched a comprehensive OTC Derivatives Service that consolidates and simplifies the entire post-trade execution process. The offering provides clients with access to a full range of middle and back office services on a single platform, including confirmation, settlement, valuation services, collateral management, margin management, and access to Citi’s global clearing network.

New regulations and oversight are transforming the OTC derivatives market, adding levels of operational complexity and reporting requirements across the contract lifecycle. The proposed offering addresses the need for a comprehensive OTC derivatives solution clients can use to navigate a rapidly changing regulatory and operational environment, featuring connectivity to all major execution venues and clearing houses, daily valuation services, margin and collateral optimisation, and extensive reporting. A flexible, web-based interface enables full intra-day visibility into key contract lifecycle events.

“Our goal is to help our clients stay ahead of the curve by proactively assessing new requirements and developing leading solutions,” said Neeraj Sahai, global head, Securities and Fund Services, Citi. “With our OTC derivatives service, we have been able to harness the breadth of Citi’s in-house expertise and high volume trading technology to help our clients increase efficiency and optimise assets.”

Through its Securities and Fund Services business, Citi’s industry-focused experts provide investors worldwide with tailored solutions delivered through proven global platforms that feature modular, open architecture. With $12.6 trillion of assets under custody and the industry’s largest proprietary network, clients can leverage Citi’s local market expertise and global reach to extract value across the entire investment value chain.

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 organisations around the world. With a network that spans more than 100 countries, Citi’s Global Transaction Services supports over 65,000 clients. As of the fourth quarter of 2010, it held on average $353 billion in liability balances and $12.6 trillion in assets under custody.

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