Citibank^® Netting Services

Citibank^® Netting Services is a Web-enabled solution that enables your corporation’s divisions, subsidiaries and affiliates to settle their financial obligations with each other on a “net” basis, rather than transaction-by-transaction.

It can streamline obligations by providing the required security, procedures and information to manage inter-company cash flows, FX risk and liquidity more effectively.

Citibank Netting Services benefits multinational companies in many ways, by:

• Minimizing foreign exchange volume and associated costs
• Automating the settlement process
• Streamlining and formalizing inter-company settlement procedures
• Facilitating improved receivables management and credit control on inter-company transactions
• Improving control of inter-company account reconciliation
• Improving ability of participating companies to manage cash flow positions
• Reducing inter-company payment transaction volumes