CHINA - Citibank (China) Co. Ltd. (&ldquo;Citi China&rdquo;) has received approval from the Shanghai Futures Exchange (SHFE) and International Energy Exchange (INE) to act as a Futures Margin Depository Bank (FMDB) for its Qualified Foreign Investor (QFI) clients to trade commodity futures on the SHFE and INE. Citi is the first American bank to receive this approval. &nbsp;
&ldquo;The relaxed QFI regulation provides exciting new ways for global investors to participate in China&rsquo;s capital markets. With this newly added capacity to serve as a futures margin depository bank, Citi China is well positioned to offer a best-in-class platform for our clients globally and help them navigate and capitalize these tremendous opportunities in the ongoing opening-up of the Chinese capital markets,&rdquo; said Christine Lam, Chief Executive Officer of Citi China.&nbsp;
&ldquo;The strength of our custody business lies in our ability to deliver local solutions and proactive engagement to expand offering as new products are enabled. Our in-depth understanding of the market, client-centric mindset, heightened engagement with market infrastructures has helped us gain the approvals from SHFE and INE, reinforcing Citi&rsquo;s position as one of the top custodians in China,&rdquo; Aditya Sharma, Citi&rsquo;s Asia Pacific Head of Custody, commented. &nbsp;
Citi continues to expand its product offering to support the emerging needs of clients as opportunities emerge and has been building its product and service offerings in China. Citi has invested significantly in its Securities Services operations in Shanghai and plans to continue building up its local capabilities to meet clients&rsquo; increasing demand in China.
Citi has been a leading custodian services provider in China for Qualified Foreign Investors (QFI) and has more than 20 years of experience in China's capital market cross-border custody services, having witnessed the opening up of China&rsquo;s capital markets. Citi is one of the few banks who can offer a complete end-to-end solution to international investors investing in China, whether it&rsquo;s through equity or fixed income, directly (QFII, RQFII, and CIBM direct scheme) or via Hong Kong (Stock Connect and Bond Connect), from trading and research to custody, clearing and settlement. Citi has the complete set of licenses and capabilities in China to enable these transactions on the ground.
With over US$27.8 trillion1 of assets under custody and administration and the industry-leading proprietary network spanning over 63 markets, Citi Securities Services provides clients with extensive on-the-ground local market expertise, advanced processing technologies, customized data solutions, and a wide range of custody and fund services that can be tailored to meet clients&rsquo; needs.
<hr />
About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions, and individuals with a broad range of financial products and services.
Additional information may be found at&nbsp;<a href="http://www.citigroup.com/" target="_blank" rel="noopener" data-link-source="tiny">www.citigroup.com</a>&nbsp;| Twitter: <a href="https://twitter.com/Citi" target="_blank" rel="noopener" data-link-source="tiny">@Citi</a> | LinkedIn: <a href="http://www.linkedin.com/company/citi" target="_blank" rel="noopener" data-link-source="tiny">www.linkedin.com/company/citi</a> | YouTube:&nbsp;<a href="http://www.youtube.com/citi%7C" target="_blank" rel="noopener" data-link-source="tiny">www.youtube.com/citi</a>&nbsp;| Facebook:&nbsp;<a href="http://www.facebook.com/citi" target="_blank" rel="noopener" data-link-source="tiny">www.facebook.com/citi</a>&nbsp;
About Citi China 
Citi first established an office in China on May 15, 1902, in Shanghai. In April 2007, Citi was among the first international banks to locally incorporate in China. Citi's locally incorporated entity is known as Citibank (China) Co., Ltd., which is wholly owned by Citibank N.A. Today Citi is a leading international bank in China with a footprint in twelve cities across China.
For more information, please visit <a href="https://www.citibank.com.cn/sim/index.htm" data-link-source="tiny">www.citibank.com.cn</a> 或 <a href="http://www.citi.com.cn" target="_blank" rel="noopener" data-link-source="tiny">www.citi.com.cn</a>
Media Contact
Marine Mao: <a href="mailto:marine.mao@citi.com" data-link-source="tiny">marine.mao@citi.com</a>, +86 (21) 2896 6366
<hr />
1As of 30 June 2023.

Citi is the First US Bank Approved to Offer FMDB Service in China

NEW YORK - Citi Treasury and Trade Solutions launches a set of four payment solutions for Financial Institution (FI) clients, which are designed to improve the client experience for their end users. With this, FI clients will now have access to new capabilities -- each of which can now be used with low or no implementation work or technology build.
This new set of functionalities is designed to broaden, expand and improve (from a client experience perspective) FI offerings quickly and easily. It includes:
<ul>
<li>Extending the capabilities of Citi&rsquo;s 24/7 USD Clearing for FIs to include payments to companies and individuals. With this feature, in addition to bank-to-bank payments, FIs are now able to make commercial payments (payments processed on behalf of banks&rsquo; underlying retail and corporate clients). Citi now has more than 100 FI clients using its 24/7 USD Clearing service since its launch in late 2022.</li>
<li>Confirmed Value Transfer (CVT), allowing for transparency on associated deducted fees ahead of initiating a transaction when there are multiple parties involved in processing a USD cross-border payment. With CVT, Citi standardizes and gives the sending institution an up-front view of the value of such downstream deductions, designed to improve their underlying client experience and transparency.</li>
<li>Ability to initiate payments in over 70+ currencies from a single USD account, allowing clients to significantly expand their currency processing capabilities for their customers in a cost-efficient manner.&nbsp;</li>
<li>Access to Swift Go: Citi can now process, upon FI clients&rsquo; requests, payments via Swift Go, Swift&rsquo;s recent payments service. &nbsp;This allows clients to access Swift Go benefits without any further build or implementation on their end.</li>
</ul>
&ldquo;We are committed to help our FI clients grow and succeed by providing fully embedded solutions that empower them to more rapidly drive digital transformation, delivering next-gen experiences to their underlying clients,&rdquo; said Will Artingstall, Global Co-Head of Cross-Border Payments at Citi Treasury and Trade Solutions.&nbsp;
&ldquo;This new set of solutions aims to improve current capabilities for clients, and has been designed to enhance their client experience, lower costs, and increase speed and transparency as well. We are pleased to help our clients decrease complexity provided through these kinds of solutions, while remaining laser-focused on ease of adoption, scalability and immediate impact on the end customer experience,&rdquo; said Dawid Janas, Global Head of FI Payments and Clearing at Citi Treasury and Trade Solutions.
Please also stay tuned for Citi&rsquo;s GPS Paper on the Future of Cross-Border Payments.
<hr />
About Citi Treasury and Trade Solutions
Citi Treasury and Trade Solutions (TTS) helps enable our clients' success by providing an integrated suite of innovative and tailored cash management and trade finance services to multinational corporations, financial institutions, and public sector organizations across the globe. Based on the foundation of the industry's largest proprietary network with banking licenses in over 90 countries and globally integrated technology platforms, TTS continues to lead the way in offering a comprehensive range of digitally enabled treasury, trade, and liquidity management solutions.
About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
Additional information may be found at&nbsp;<a href="http://www.citigroup.com/" target="_blank" rel="noopener" data-link-source="tiny">www.citigroup.com</a>&nbsp;| Twitter:&nbsp;<a href="https://twitter.com/citi" target="_blank" rel="noopener" data-link-source="tiny">@Citi</a>&nbsp;| LinkedIn:&nbsp;<a href="http://www.linkedin.com/company/citi" target="_blank" rel="noopener" data-link-source="tiny">www.linkedin.com/company/citi</a>&nbsp;| YouTube:&nbsp;<a href="http://www.youtube.com/citi%7C" target="_blank" rel="noopener" data-link-source="tiny">www.youtube.com/citi</a>&nbsp;| Facebook:&nbsp;<a href="http://www.facebook.com/citi" target="_blank" rel="noopener" data-link-source="tiny">www.facebook.com/citi</a>&nbsp;
Media Contacts
Nina Das: <a href="mailto:Nina.Das@citi.com" data-link-source="tiny">Nina.Das@citi.com</a>, +1 (212) 816-9267

Citi Launches Suite of Auto-Enabled Payment Solutions for Financial Institutions

LONDON &ndash; Citi, acting through Citibank N.A., has been appointed by Arm Holdings plc (&ldquo;Arm&rdquo;) to act as depositary bank for its initial public offering (the &ldquo;IPO&rdquo;) of Arm&rsquo;s American Depositary Shares (&ldquo;ADSs&rdquo; or &ldquo;ADRs&rdquo;) representing its ordinary shares.&nbsp;
Arm&rsquo;s ADR Programme has been established in connection with a US$5.2 billion IPO of its ADRs, priced at US$51 per ADR. The ADRs are listed on the Nasdaq Global Select Market under the symbol &ldquo;ARM&rdquo;. Each ADR represents one ordinary share.&nbsp;
Commenting on the appointment, Dirk Jones, Global Head of Issuer Services, at Citi said, &ldquo;I am delighted that Citi has been selected by Arm as its ADR depositary for this listing. There has been widespread interest in Arm&rsquo;s Nasdaq listing and today&rsquo;s announcement is a testament to the confidence in Citi&rsquo;s platforms to provide the highest quality ADR services to investors.&rdquo;
Citi is a leading provider of depositary receipt services. With depositary receipt programs in 67 markets, spanning equity and fixed-income products, Citi leverages its global network to provide cross-border capital market access to issuers, intermediaries and investors.
For more information on Citi&rsquo;s Depositary Receipt Services, visit <a href="https://citiadr.factsetdigitalsolutions.com/www/drfront_page.idms" data-link-source="tiny">www.citi.com/dr</a>.&nbsp;
<hr />
About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
Additional information may be found at&nbsp;<a href="http://www.citigroup.com/" target="_blank" rel="noopener" data-link-source="tiny">www.citigroup.com</a>&nbsp;| Twitter:&nbsp;<a href="https://twitter.com/citi" target="_blank" rel="noopener" data-link-source="tiny">@Citi</a>&nbsp;| LinkedIn:&nbsp;<a href="http://www.linkedin.com/company/citi" target="_blank" rel="noopener" data-link-source="tiny">www.linkedin.com/company/citi</a>&nbsp;| YouTube:&nbsp;<a href="http://www.youtube.com/citi%7C" target="_blank" rel="noopener" data-link-source="tiny">www.youtube.com/citi</a>&nbsp;| Facebook:&nbsp;<a href="http://www.facebook.com/citi" target="_blank" rel="noopener" data-link-source="tiny">www.facebook.com/citi</a>&nbsp;
Media Contacts
Shani Halstead: <a href="mailto:shani.halstead@citi.com" data-link-source="tiny">shani.halstead@citi.com</a>, +44 (0) 20 7508 2352
Richard Bicknell: <a href="mailto:richard.bicknell@citi.com" data-link-source="tiny">richard.bicknell@citi.com</a>, +44 (0) 20 7500 5003

Citi Appointed as Depositary Bank for Arm Holdings plc’s ADR Programme 

News

SEC Filings

Perspectives

Banking

Our Banking franchise is organized around three lines of business: Investment Banking, Corporate Banking and Commercial Banking. The unified Banking & International organization oversees the local delivery of the full firm to clients in each of the 95 markets where Citi has an on-the-ground presence.

Spacer

<div style="max-width: 876px;">
<h2 class="citigroup-h4" style="box-sizing: border-box; margin-top: 0px; margin-bottom: 0.5em; font-family: Overpass, sans-serif; color: rgba(0, 0, 0, 0.85); text-align: left; background-color: #ffffff; line-height: 36px; font-size: 28px;">Our Banking franchise is organized around three lines of business: Investment Banking, Corporate Banking and Commercial Banking. The unified Banking &amp; International organization oversees the local delivery of the full firm to clients in each of the 95 markets where Citi has an on-the-ground presence.&nbsp;</h2>
</div>

RichText

GpaCardCarousel

Latest From Citi

GpaArticlesCarousel

GpaSubscribe

gpa-footer

GpaFooter

gpa-menu

GpaMenu

Citi, the leading global bank, serves more than 200 million customer accounts and does business in more than 160 countries and jurisdictions. Learn more today.

BANKING & iNTERNATIONAL

Investment Banking

Commercial Banking

Corporate Banking

Citi Appointed as Depositary Bank for Arm Holdings plc’s ADR Programme

Citi is the First US Bank Approved to Offer FMDB Service in China

Citi Launches Suite of Auto-Enabled Payment Solutions for Financial Institutions

Sign up to receive the latest news from Citi.