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Citi extends global network for liquidity management


Citi has further extended its liquidity management network with the addition of notional pooling in Amsterdam, providing clients with global hubs for liquidity management across six money centres – New York, London, Amsterdam, Singapore, Hong Kong and Tokyo.

By using Citi’s branch network, clients can optimise end-of-day liquidity without loss of value or the limitations of associate bank networks or multi-bank concentration.
“Our established pooling centres have experienced significant growth in the past several years, following the global financial crisis, and a number of our clients desired expansion of our program to new markets. The Netherlands was already a major treasury centre for multinationals, given its favourable tax and regulatory regime. In recent years, many emerging market companies have also set up treasury centres there, adding to the flows. The introduction of SEPA will also have a positive impact on centralisation, with likely consequent further growth in the Netherlands as a liquidity hub” says Amit Agarwal, EMEA head of liquidity management services, treasury and trade solutions, Citi.
Citi’s suite of cash optimisation capabilities include multi-entity and multi-currency notional pooling, which provide clients the ability to optimise internal liquidity without commingling cash between subsidiaries or having to perform FX transactions or alter FX exposures. In combination with Citi’s suite of cash aggregation services – which mobilise cash to give clients full value of their liquidity after markets close, inclusive of back-values – companies have a wide set of options to optimise their global liquidity management based on their tax, regulatory and operational drivers.
“With internal liquidity and funding a prime focus for global enterprises, clients continue to work with Citi so they can mobilise cash from nearly anywhere in the world. With the Netherlands a hub of treasury activity, we responded to market demand by expanding our notional pooling capabilities, providing clients with additional flexibility in designing an optimal global liquidity structure,” says Elyse Weiner, global head of liquidity management services, treasury and trade solutions, Citi.

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