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LAW FIRM GROUP Escrow Funds Management |
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Client escrow accounts, managed either by your firm or by Citibank as agent, are designed to satisfy your fiduciary responsibilities and realize competitive returns. CITIESCROW A comprehensive escrow account service minimizes your firm’s administrative burden and expense as it relates to the management and oversight of your client trust accounts. CitiEscrow provides an extremely robust set of tools to keep your firm compliant with and minimize the detailed record-keeping requirements established by the various state bar associations and oversight agencies. CitiEscrow offers flexibility for quickly and simply establishing fiduciary accounts designed to conveniently meet the needs of law firms and their clients. Open, close and manage client escrow accounts, funds and information online 24 hours a day, 7 days a week. Customized online easy-to-read statements make account reconciliation a breeze. Our wide range of deposit account choices earns competitive rates of interest. Additionally, CitiEscrow seamlessly integrates an attorney’s/law firm’s need for state-mandated IOLA, IOLTA, or IOTA commingled client trust accounts. CORPORATE ESCROW Corporate Escrow empowers Citibank to receive, safekeep, service and disburse cash, securities and physical documents. We facilitate transactions, such as acquisitions and divestitures, asset sales, IPOs, buy/sell agreements, litigation and bankruptcies. We offer escrow parties a variety of investment options, access to securities trading desks, highly detailed statements and Internet access to account information. Highly complex transactions on a global scale may be handled by Citi's Agency & Trust, which manages nearly $1 trillion of debt securities for issuers around the world. Citibank, NA |
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| "Citi Private Bank" is a business of Citigroup Inc. ("Citigroup"), which provides its clients access to a broad array of products and services available through bank and non-bank affiliates. Not all products and services are provided by all affiliates or are available at all locations. All credit products are subject to credit approval. In the U.S., brokerage services and securities products are provided by Citigroup Global Markets Inc. ("CGMI"), member SIPC and an affiliate of Citibank, N.A. Outside the U.S., brokerage services may be provided by other Citigroup affiliates. Investment management services (including portfolio management) are available through CGMI, Citibank, N.A. and other affiliated advisory businesses. | |||
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