Citi Launches CitiDirect BE® Cash Concentration
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
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US:NYSE Investor Relations:
citigroup.com/citi/investor/pres.htm
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Source: Business Wire
Innovative solution offers online self-management of cash structures to clients LONDON--(BUSINESS WIRE)-- Citi (NYSE: C) has announced the launch of its new global liquidity solution, CitiDirect BE® Cash Concentration, which allows clients to digitally manage their cash pooling structures through Citi’s online treasury management tool. Citi is one of the first global transaction banks to offer this innovation, which allows clients to modify their cash concentration structures within minutes. Clients will have the option to update parameters such as transfer pricing, inter-account lending limits, SWIFT message transaction descriptions and to delete accounts. In addition, it will allow clients to respond faster to changing market conditions and have an online view of their cash concentration structures. Brandon Walker, Treasury Manager of Yum! Brands, Inc. commented: “Citi’s digital ca
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