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Citibank has structured its cash management services to enable your law firm to achieve greater operating efficiencies and control, reduce costs and minimize risk. We also offer the advanced technology needed if you wish to re-engineer your cash management system or processes.

PAYMENTS SERVICES

We offer two payments services, one primarily designed for global payments, the other for domestic payments.

• Worldlink is a PC-based global payments service enabling multinational firms to issue payments from a U.S.-dollar account in more than 100 currencies. Backed by Citibank's worldwide branch network, WorldLink payments clear locally. WorldLink eliminates the need to maintain foreign currency accounts and the idle balances, reconciliation and account charges they entail.
• Business Access(R) provides PC access to client escrow accounts for U.S.-dollar wire transfers, foreign currency payments, transfers between accounts, and balance and transaction information.

OTHER CASH MANAGEMENT TOOLS

For payables we offer controlled disbursement accounts in the U.S. and abroad, Automated Clearing House (ACH) payments for payroll and vendors, and funds transfer services. For receivables we offer a variety of services to accelerate funds availability and payment information, including ACH collections, wholesale lockbox and sweep accounts.

SHORT-TERM INVESTMENTS

We provide an array of investments to maximize the value of excess cash positions, such as regular and tax-free money market mutual funds, interest-bearing deposit accounts and government securities.

RISK MANAGEMENT STRATEGIES

We offer risk management services to protect against fluctuating interest and foreign exchange rates.

• Interest Rate Protection. Our investment professionals create and execute hedging programs to reduce your exposure to interest rate fluctuations that increase your borrowing costs. We tailor our programs to accommodate your firm's specific financial objectives and underlying debt.
• FX Risk Management. Using sophisticated currency contracts, Citibank's foreign exchange specialists help shield your firm from losses on your overseas transactions resulting from adverse fluctuations in foreign exchange rates. For 15 consecutive years, Euromoney magazine has ranked Citibank, N.A. among the top two performers in foreign exchange trading.

SUCCESS STORY

A law firm had a tall order to fill after its client lost a class action suit. The need – issue 1,400,000 checks all on a designated day. The law firm turned to us for help, and we were able to create the checks, issue all 1,400,000 on the required date, reconcile the checks...as well as take some extra steps to protect the firm against fraud.

Citibank, NA
Member FDIC

This Web site is for informational purposes only and does not constitute an offer or solicitation to purchase or sell any security, other investment or service, or to attract any funds or deposits. Investments described in this document may not be suitable for all investors. All credit services are subject to credit approval.

In the U.S., Citi Private Bank relationship managers and bankers are registered representatives of Citigroup Global Markets Inc. ("CGMI"), member SIPC, an affiliate of Citigroup, and investment advisory and brokerage services may be available through CGMI. Citigroup subsidiaries may compensate affiliated companies for providing products and services to clients.