Citi Supplier Finance

Size: px
Start display at page:

Download "Citi Supplier Finance"

Transcription

1 Treasury & Trade Solutions North America Trade Finance Citi Supplier Finance Supplier Finance Program for UTC Suppliers

2 The Solution UTC and Citi have entered into a partnership that enables preferred suppliers to sell their UTC receivables to Citi at a favorable rate commensurate with UTC s credit strength Once receivables are accepted by UTC, suppliers have the ability to access cash on their receivables Suppliers gets short term funding: Without recourse (i.e. no clawback) At attractive rates, based on UTC s credit strength Without using the Supplier s own credit lines, and Without paying the high discount costs associated with typical factoring arrangements The program equips Suppliers with an off-balance sheet funding solution Citi takes on the payment risk of UTC Not mandatory for Suppliers to be customers of Citi or open any Citi accounts

3 Citi Supplier Finance - Process Flow Suppliers benefit from early visibility, certainty of payment and financial flexibility UTC approves supplier s invoice for payment UTC generates instructions for Citi to pay Supplier on future due date Supplier is notified of future payment through Citi Supplier may immediately convert future payment to cash 5 On due date, UTC funds disbursement account for the full amount due Steps: 1. UTC approves Supplier s invoice for payment using existing process. 2. Once an invoice has been approved for payment, UTC instructs Citi to pay the Supplier on the future due date. UTC s ERP / AP environment will be integrated with Citi for processing of payment instructions. 3. Supplier is notified via Internet ( & website) of payment on a future due date and can see payment instruction: UTC s name, the amount, the due date and associated remittance details. No implementation required by Supplier. 4. Supplier may immediately and electronically discount the underlying receivables to cash without recourse, at an attractive discount rate. 5. Citi debits UTC s Disbursement Account for the full amount of payment due on the future due date.

4 Early Payment Options Supplier Payment Options Automated Early Payment Option Funds are automatically deposited into the Supplier s bank account typically one day after UTC uploads accepted invoices into Citi s system Funds are sent to the Supplier electronically via ACH either CCD+ or CTX remittance available No need to request early payment manually Manual Early Payment Option Manual suppliers can discount individual payment instructions, instructions due on a specific date OR all payment instructions Funds are electronically deposited into your bank account generally one day after you request early payment OR Automatically Discount Receivables Manually Request Early Payment Hold Receivable to Maturity

5 Charge to Suppliers Formula Illustration Citibank s program has been designed to provide you with a cost-effective source of alternative financing Annual Payment Amount X Discount Days Left in Term X Rate 360 = Discount Charge (LIBOR + Citibank Spread) London Inter-Bank Offered Rate Rate at which banks lend to each other Citibank Fee for the program

6 Supplier Pricing Example Citibank s program has been designed to provide you with a cost-effective source of alternative financing Actual Invoice approval time may vary based upon approval process with UTC $100 X 1.50% X = 0.39% or $0.39 ( 0.25% %) London Inter-Bank Offered Rate Rate at which banks lend to each other 90-Day USD LIBOR = 0.25% Citibank Spread = 1.50% On $100 invoice due in 90 Days, you can receive $ in 10 days. This is equivalent to discounted terms of 0.39% 10 Net 90.

7 Supplier Cash Flow and Savings - Example Without the Citi Program With the Citi Program Annual Spend (Sales to UTC) $ 10,000,000 $ 10,000,000 Days Carrying Days Financing 0 80 Carrying Cost - (WACC Estimates) 6.00% 6.00% LIBOR + Citibank Spread N/A 1.75% Carrying Cost $ 150,000 $ 16,667 Citi Discount Fee $ - $ 38,889 Total Cost $ 150,000 $ 55,556 TOTAL SAVINGS $ - $ 94,444 CASHFLOW ACCELERATION $ - $ 2,222,222 CARRYING COST = Receivables X Days Carrying X DISCOUNT = Receivables X Discount Rate X WACC 360 Days Financing 360 CASHFLOW = Reduction in Days Carrying Receivables X ACCELERATION 360

8 Joining the Program Supplier Agreement Shows basic terms & conditions Addresses protection of licensed materials Covers security information Clearly covers all confidentiality issues Specifies fees and charges (pricing schedule) Have the agreement signed by an authorized signatory who can execute agreements on behalf of your organization Citibank will perform a search to ensure that your UTC receivables are free and clear of all security interests, liens or claims of any kind Supplier Setup Form Asks for principal contact information and user data Determines account requirements Have the form signed by the same authorized representative who signed the Supplier Agreement Bank Supporting Documentation Provides verification of account by supplier Assists with verification process Send to Citibank along with agreement and setup form

9 Benefits for UTC Suppliers Cost-Saving Tool Reduce your financing and cash applications costs Non-Recourse Payment - Payment to supplier is non-recourse so it is theirs to keep once paid, unlike for factoring arrangements Easy enrollment and No Ongoing Costs - Easy to complete documentation and no implementation or monthly fees Access to faster and cheaper cash - Suppliers are able to generate cash at any time during the payment term Payment Tool Convert approved payments to cash automatically, accelerating receivables Working Capital Benefit - Accelerate cash flow by reducing Accounts Receivables and shortened DSO No Balance Sheet Impact - It is a True Sale so has no impact on Balance sheet, as it is not debt, and thus frees up existing credit lines for the supplier Flexible supplier financing - Suppliers do not have to take early payment but choose only the payments they want to take Information Tool Receive early notification of approved confirmed payments from UTC Provides remittance/financing information for each payment - Either on an invoice by invoice basis or by using the reporting functionality Allows better cash flow planning - Various functionalities to cater for reporting needsreport format (Text or Excel or PDF) Offers visibility of approved payments and their timing - On-demand web access to future cash flows, improving cash forecasting Time Saving - Reduce time spent chasing payments; notification when payments are approved

10 Citibank Contacts For questions regarding the Citi Supplier Finance Program for UTC, please contact: Kris Charan Program Manager, Supplier Onboarding Citi Supplier Finance Direct: Citi Supplier Finance Toll Free: For questions regarding the CSF web portal & transactional queries, please contact: Citi Supplier Finance Customer Support Team Phone: (Toll Free)

11 IRS Circular 230 Disclosure: Citigroup Inc. and its affiliates do not provide tax or legal advice. Any discussion of tax matters in these materials (i) is not intended or written to be used, and cannot be used or relied upon, by you for the purpose of avoiding any tax penalties and (ii) may have been written in connection with the "promotion or marketing" of any transaction contemplated hereby ("Transaction"). Accordingly, you should seek advice based on your particular circumstances from an independent tax advisor. In any instance where distribution of this communication is subject to the rules of the US Commodity Futures Trading Commission ( CFTC ), this communication constitutes an invitation to consider entering into a derivatives transaction under U.S. CFTC Regulations 1.71 and , where applicable, but is not a binding offer to buy/sell any financial instrument. However, this is not a recommendation to enter into any swap with any counterparty or a recommendation of a trading strategy involving a swap. Prior to recommending a swap or a trading strategy involving a swap to you, Citigroup would need to undertake diligence in order to have a reasonable basis to believe that the recommended swap or swap trading strategy is suitable for you, obtain written representations from you that you are exercising independent judgment in evaluating any such recommendation, and make certain disclosures to you. Furthermore, nothing in this pitch book is, or should be construed to be, an offer to enter into a swap. Any terms set forth herein are intended for discussion purposes only and are subject to the final terms as set forth in separate definitive written agreements. This presentation is not a commitment to lend, syndicate a financing, underwrite or purchase securities, or commit capital nor does it obligate us to enter into such a commitment, nor are we acting as a fiduciary to you. By accepting this presentation, subject to applicable law or regulation, you agree to keep confidential the information contained herein and the existence of and proposed terms for any Transaction. Prior to entering into any Transaction, you should determine, without reliance upon us or our affiliates, the economic risks and merits (and independently determine that you are able to assume these risks) as well as the legal, tax and accounting characterizations and consequences of any such Transaction. In this regard, by accepting this presentation, you acknowledge that (a) we are not in the business of providing (and you are not relying on us for) legal, tax or accounting advice, (b) there may be legal, tax or accounting risks associated with any Transaction, (c) you should receive (and rely on) separate and qualified legal, tax and accounting advice and (d) you should apprise senior management in your organization as to such legal, tax and accounting advice (and any risks associated with any Transaction) and our disclaimer as to these matters. By acceptance of these materials, you and we hereby agree that from the commencement of discussions with respect to any Transaction, and notwithstanding any other provision in this presentation, we hereby confirm that no participant in any Transaction shall be limited from disclosing the U.S. tax treatment or U.S. tax structure of such Transaction. We are required to obtain, verify and record certain information that identifies each entity that enters into a formal business relationship with us. We will ask for your complete name, street address, and taxpayer ID number. We may also request corporate formation documents, or other forms of identification, to verify information provided. Any prices or levels contained herein are preliminary and indicative only and do not represent bids or offers. These indications are provided solely for your information and consideration, are subject to change at any time without notice and are not intended as a solicitation with respect to the purchase or sale of any instrument. The information contained in this presentation may include results of analyses from a quantitative model which represent potential future events that may or may not be realized, and is not a complete analysis of every material fact representing any product. Any estimates included herein constitute our judgment as of the date hereof and are subject to change without any notice. We and/or our affiliates may make a market in these instruments for our customers and for our own account. Accordingly, we may have a position in any such instrument at any time. Although this material may contain publicly available information about Citi corporate bond research, fixed income strategy or economic and market analysis, Citi policy (i) prohibits employees from offering, directly or indirectly, a favorable or negative research opinion or offering to change an opinion as consideration or inducement for the receipt of business or for compensation; and (ii) prohibits analysts from being compensated for specific recommendations or views contained in research reports. So as to reduce the potential for conflicts of interest, as well as to reduce any appearance of conflicts of interest, Citi has enacted policies and procedures designed to limit communications between its investment banking and research personnel to specifically prescribed circumstances Citibank, N.A. All rights reserved. Citi and Citi and Arc Design are trademarks and service marks of Citigroup Inc. or its affiliates and are used and registered throughout the world. Citi believes that sustainability is good business practice. We work closely with our clients, peer financial institutions, NGOs and other partners to finance solutions to climate change, develop industry standards, reduce our own environmental footprint, and engage with stakeholders to advance shared learning and solutions. Highlights of Citi s unique role in promoting sustainability include: (a) releasing in 2007 a Climate Change Position Statement, the first US financial institution to do so; (b) targeting $50 billion over 10 years to address global climate change: includes significant increases in investment and financing of renewable energy, clean technology, and other carbon-emission reduction activities; (c) committing to an absolute reduction in GHG emissions of all Citi owned and leased properties around the world by 10% by 2011; (d) purchasing more than 234,000 MWh of carbon neutral power for our operations over the last three years; (e) establishing in 2008 the Carbon Principles; a framework for banks and their U.S. power clients to evaluate and address carbon risks in the financing of electric power projects; (f) producing equity research related to climate issues that helps to inform investors on risks and opportunities associated with the issue; and (g) engaging with a broad range of stakeholders on the issue of climate change to help advance understanding and solutions. Citi works with its clients in greenhouse gas intensive industries to evaluate emerging risks from climate change and, where appropriate, to mitigate those risks. efficiency, renewable energy and mitigation

Centralizing Treasury in Latin America

Centralizing Treasury in Latin America Centralizing Treasury in Latin America Liquidity Perspectives Ron Chakravarti Managing Director Treasury Advisory Citi Treasury and Trade Solutions Treasury Models: Some Variations Group Treasury Local

More information

Treasure Trove The Rising Role of Treasury in Accounts Payable

Treasure Trove The Rising Role of Treasury in Accounts Payable Treasury and Trade Solutions North America July 30, 2015 Treasure Trove The Rising Role of Treasury in Accounts Payable 2015 Citibank, N.A. All rights reserved Today s Speakers Andrew Bartolini Chief Research

More information

WEXOnline Data Analysis and Reporting Tools

WEXOnline Data Analysis and Reporting Tools GSA SmartPay 2010 Conference WEXOnline Data Analysis and Reporting Tools Sharon Linnane Government Account Manager, Wright Express Corporation 12 th Annual GSA SmartPay Conference Atlanta, GA August 10-12,

More information

T2S Dedicated Info Session on Getting Ready for Cross-CSD Settlements

T2S Dedicated Info Session on Getting Ready for Cross-CSD Settlements T2S Dedicated Info Session on Getting Ready for Cross-CSD Settlements Issue #2: Tax Processing Marcello Topa Citi Global Transaction Services EMEA 15/03/2012 Milan, Italy Issue #2: Tax Processing Scope

More information

Understanding & Realizing Big Data Potential

Understanding & Realizing Big Data Potential Understanding & Realizing Big Data Potential 2014 Latin America Treasury & Finance Conference A Blueprint for a Digitally Connected Treasury Driss R. Temsamani Analytics & Innovation Head driss.r.temsamani@citi.com

More information

Payment Factories: different ways of achieving payment efficiency. Jonathan Jordan EMEA Payments Market Manager, Citi Transaction Services

Payment Factories: different ways of achieving payment efficiency. Jonathan Jordan EMEA Payments Market Manager, Citi Transaction Services Payment Factories: different ways of achieving payment efficiency Jonathan Jordan EMEA Payments Market Manager, Citi Transaction Services The term Payment Factory is becoming increasingly talked about

More information

Treasury and Trade Services Global Payments. Citi Payment Analytics User Guide

Treasury and Trade Services Global Payments. Citi Payment Analytics User Guide Treasury and Trade Services Global Payments Citi Payment Analytics User Guide Table of Contents 1. Accessing Payment Analytics 2. Dashboard Overview Getting to the Citi Payment Analytics Dashboard Overview

More information

Citi s Affordable Housing Subordinate Loan Program

Citi s Affordable Housing Subordinate Loan Program Citi Community Capital August 19, 2014 Citi s Affordable Housing Subordinate Loan Program Citi s Affordable Housing Subordinate Loan Program Citi s Affordable Housing Subordinate Loan Program (the Program

More information

Citibank Custom Reporting System (CCRS) Cycle based Reporting

Citibank Custom Reporting System (CCRS) Cycle based Reporting GSA SmartPay 2010 Conference Citibank Custom Reporting System (CCRS) Cycle based Reporting Mini Session 12 th Annual GSA SmartPay Conference Atlanta, GA August 10 12, 2010 Goals and Objectives This course

More information

CIPI Soundbite: CPO/CTA Registration & non-us Funds

CIPI Soundbite: CPO/CTA Registration & non-us Funds CIPI Soundbite: CPO/CTA Registration & non-us Funds Citibank International Plc, Ireland Branch October 2012 Glossary You must learn to talk clearly. The jargon of scientific terminology which rolls off

More information

Client Delivery TAMPA

Client Delivery TAMPA Treasury and Trade Solutions April, 10 th 2015 Client Delivery TAMPA Patricia Pires Citi Service Center and Offshore Unit Head for Latin America Agenda Quién somos nosotros? Nuestra Estructura Nuestros

More information

Advanced Management and Delinquency Reporting Hands On

Advanced Management and Delinquency Reporting Hands On GSA SmartPay 2010 Conference Advanced Management and Delinquency Reporting Hands On Tony Swann & Rob Robbins Training & Account Management 12 th Annual GSA SmartPay Conference Atlanta, GA August 10-12,

More information

Issues Facing the Asset Management Industry. Navigating a Challenging Environment

Issues Facing the Asset Management Industry. Navigating a Challenging Environment Issues Facing the Asset Management Industry Navigating a Challenging Environment Top Issues Facing Asset Managers Primary challenges that Citi sees our asset manager clients facing Regulatory Complexity

More information

U.S. General Services Administration. CitiManager for APC s Presenter s Name/Title. DON Purchase

U.S. General Services Administration. CitiManager for APC s Presenter s Name/Title. DON Purchase U.S. General Services Administration CitiManager for APC s Presenter s Name/Title July 2012 This material is intended for use by the GSA only 2012 GSA SmartPay Conference Fine Tune Your Payments Program

More information

Dematerialization of Turkish Government Debt Instruments

Dematerialization of Turkish Government Debt Instruments Dematerialization of Turkish Government Debt Instruments Asli Gunel Central Registry Agency Gunsel Topbas Citibank A.S. Turkey 19 January 2012 1 Government Debt Instruments Quick Facts Central Bank of

More information

Program Audit Tool (Reporting Solution)

Program Audit Tool (Reporting Solution) 2011 GSA SmartPay Training Conference Program Audit Tool (Reporting Solution) Heelay Yaftali Vice President, Citi A Winning Hand: Solutions, Savings and Sustainability with GSA SmartPay The 13 th Annual

More information

Preventing Misuse and Abuse in Your Program

Preventing Misuse and Abuse in Your Program GSA SmartPay Conference Preventing Misuse and Abuse in Your Program Maureen Garlock Vice President, Citi 11 th Annual GSA SmartPay Conference Phoenix, Arizona July 28 th - July 30 th, 2009 Preventing Misuse

More information

Implementing a Program Management Plan

Implementing a Program Management Plan GSA SmartPay 2010 Conference Implementing a Program Management Plan Heelay Yaftali Vice President 12 th Annual GSA SmartPay Conference Atlanta, GA August 10-12, 2010 House Rules To ensure the best possible

More information

What s New in Citi s Online Tools

What s New in Citi s Online Tools GSA SmartPay 2010 Conference What s New in Citi s Online Tools David Lipke Citi Product Development 12 th Annual GSA SmartPay Conference Atlanta, GA August 10 12, 2010 House Rules To ensure the best possible

More information

Using CitiManager Card Management Module Travel

Using CitiManager Card Management Module Travel 2011 GSA SmartPay Training Conference Using CitiManager Card Management Module Travel Instructor s Name Instructor s Title, Citi A Winning Hand: Solutions, Savings and Sustainability with GSA SmartPay

More information

Agency Update: Hear the News from the Top

Agency Update: Hear the News from the Top Market insights on Community Development Agency Update February 18, 2014 Agency Update: Hear the News from the Top Woody Brewer from Fannie Mae and Kim Griffith from Freddie Mac Share Their Views Woody

More information

GSA SmartPay 2010 Conference. Disputes: DoD Travel. Karen Young Senior Vice President, Citi

GSA SmartPay 2010 Conference. Disputes: DoD Travel. Karen Young Senior Vice President, Citi GSA SmartPay 2010 Conference Disputes: Karen Young Senior Vice President, Citi 12 th Annual GSA SmartPay Conference Atlanta, GA August 10-12, 2010 House Rules To ensure the best possible learning experience

More information

BECS Pre-Trade Analytics. An Overview

BECS Pre-Trade Analytics. An Overview BECS Pre-Trade Analytics An Overview January 2010 Citi s Pre-Trade Analytical Products and Services Citi has a long history of providing advanced analytical tools to our clients. Significant effort has

More information

GSA SmartPay Conference. Credit Card Basics. Bruce E. Sullivan VP / Head of Specialized Sales - Federal, Visa, Inc.

GSA SmartPay Conference. Credit Card Basics. Bruce E. Sullivan VP / Head of Specialized Sales - Federal, Visa, Inc. GSA SmartPay Conference Credit Card Basics Bruce E. Sullivan VP / Head of Specialized Sales - Federal, Visa, Inc. 11 th Annual GSA SmartPay Conference Phoenix, Arizona July 28 th - July 30 th, 2009 Credit

More information

The Benefits of Moving from Fragmented to Integrated Cash Application

The Benefits of Moving from Fragmented to Integrated Cash Application The Benefits of Moving from Fragmented to Integrated Cash Application Basak Toprak, EMEA Market Manager for Receivables and Channel Services, Global Transaction Services, Citi Frank Gastl, MD of Hanse

More information

Kuwait Stock Exchange. New Changes and Implementations

Kuwait Stock Exchange. New Changes and Implementations Kuwait Stock Exchange New Changes and Implementations May 2012 Table of Contents 1. Old and New systems 4 2. New Trading System X-stream 8 3. Sector Classification 11 4. Kuwait 15 Index 13 5. New Website

More information

M E E T I N G November 17 th, 2010. A world of seamlessly integrated products, services and service.

M E E T I N G November 17 th, 2010. A world of seamlessly integrated products, services and service. M E E T I N G Citi Commercial Meeting Solutions Cards November 17 th, 2010 A world of seamlessly integrated products, services and service. Table of Contents I. Meetings & Events 3 A. Industry Overview:

More information

Tax Initiatives The Common Reporting Standard

Tax Initiatives The Common Reporting Standard Treasury and Trade Solutions February 2016 Tax Initiatives The Common Reporting Standard The Common Reporting Standard (CRS) The Common Reporting Standard - Overview The Common Reporting Standard ( CRS

More information

Reports & Inquires Guide

Reports & Inquires Guide Reports & Inquires Guide May 2013 Table of Contents 1 Overview 4 A. Report vs. Inquiry 6 B. Additional Resources 8 Online Help 9 CitiDirect Customer Support 9 2 Setting Preferences for Reports and Inquiries

More information

Citibank Custom Reporting System (CCRS) Exporting and File Management

Citibank Custom Reporting System (CCRS) Exporting and File Management GSA SmartPay Conference Citibank Custom Reporting System (CCRS) Exporting and File Management Aras Toker Analyst Citibank Presents: Continue the Revolution Citibank Commercial Cards, Government Services

More information

Citibank Presents: Techniques for Establishing a Successful Audit Process

Citibank Presents: Techniques for Establishing a Successful Audit Process GSA SmartPay Conference Citibank Presents: Techniques for Establishing a Successful Audit Process David Ruda, Noak Smith (VA) Vice President, Public Sector Market Manager, Commercial Cards Citibank Presents:

More information

GSA SmartPay Conference. Electronic Tools Overview Navy

GSA SmartPay Conference. Electronic Tools Overview Navy GSA SmartPay Conference Electronic Tools Overview Navy The Tenth Annual GSA SmartPay Conference Towards New Horizons! Denver, Colorado July 22 nd - July 24 th, 2008 Goals and Objectives Provide an overview

More information

Fundamentals of Program Management

Fundamentals of Program Management GSA SmartPay 2010 Conference Fundamentals of Program Management Heelay Yaftali Vice President 12 th Annual GSA SmartPay Conference Atlanta, GA August 10-12, 2010 House Rules To ensure the best possible

More information

Portfolio Management Tools and Processes. Real Estate Emerging Managers Summit January 10, 2012

Portfolio Management Tools and Processes. Real Estate Emerging Managers Summit January 10, 2012 Portfolio Management Tools and Processes Real Estate Emerging Managers Summit January 10, 2012 Discussion Agenda Topic Introductions Why do portfolio management tools and processes matter? Back Office

More information

2011 GSA SmartPay Training Conference Driving Federal Financial Supply Chain Under GSA SmartPay

2011 GSA SmartPay Training Conference Driving Federal Financial Supply Chain Under GSA SmartPay 2011 GSA SmartPay Training Conference Driving Federal Financial Supply Chain Under GSA SmartPay Instructor s Name Instructor s Title, Citi A Winning Hand: Solutions, Savings and Sustainability with GSA

More information

Global Tax Initiatives The Evolving Regulatory Environment

Global Tax Initiatives The Evolving Regulatory Environment Treasury and Trade Solutions March 2016 Global Tax Initiatives The Evolving Regulatory Environment Global Tax Initiatives The Regulatory Environment Local Governments Governments are continuing to coordinate

More information

U.S. General Services Administration. How Do I Manage My Centrally Billed Travel Program (GSA/FED) Adam Jackson Vice President Citi July 2012

U.S. General Services Administration. How Do I Manage My Centrally Billed Travel Program (GSA/FED) Adam Jackson Vice President Citi July 2012 U.S. General Services Administration How Do I Manage My Centrally Billed Travel Program (GSA/FED) Adam Jackson Vice President Citi July 2012 This material is intended for use by the GSA only 2012 GSA SmartPay

More information

Treasury Priorities 2016: Widening the Moat

Treasury Priorities 2016: Widening the Moat Citi Treasury and Trade Solutions Treasury Advisory Group February 2, 2016 Treasury Priorities 2016: Widening the Moat 2016Citibank, N.A. All rights reserved Speakers Ron Chakravarti Managing Director,

More information

Working Effectively with Citi Department of Defense Travel

Working Effectively with Citi Department of Defense Travel GSA SmartPay Conference Working Effectively with Citi Department of Defense Travel Stacy Eslich Vice President, Citi 11 th Annual GSA SmartPay Conference Phoenix, Arizona July 28 th - July 30 th, 2009

More information

FATCA The Foreign Account Tax Compliance Act

FATCA The Foreign Account Tax Compliance Act FATCA The Foreign Account Tax Compliance Act July 2012 July 2012 Table of Contents 1. Classification 2 2. Due Diligence 7 3. Withholding Payments 14 4. Reporting 21 What You Need to Take Away From This

More information

Innovative Approaches to Enhance Digital Security

Innovative Approaches to Enhance Digital Security Innovative Approaches to Enhance Digital Security 2014 Latin America Treasury & Finance Conference A Blueprint for a Digitally Connected Treasury Sabine McIntosh Global Head TTS Digital Security and Account

More information

Prime Finance. Perspective. Prime Custody: Asset Protection & Operational Simplicity

Prime Finance. Perspective. Prime Custody: Asset Protection & Operational Simplicity Prime Finance Perspective Prime Custody: Asset Protection & Operational Simplicity February 2010 For more information contact Prime Finance around the globe: New York 1 800 773 2889 Boston 1 617 346 9935

More information

International Sales Finance Solutions

International Sales Finance Solutions International Sales Finance Solutions Global Transaction Services Cash Management Trade Services and Finance Securities Services Fund Services International Sales Finance Solutions Financing Tools to Support

More information

SEC BOND TRAINING WORKSHOP. September 2011

SEC BOND TRAINING WORKSHOP. September 2011 SEC BOND TRAINING WORKSHOP September 2011 Table of Contents 1. Nigerian Debt Markets 1 2. Primary and Secondary Markets and Trading in Nigeria 5 3. Pricing and Valua:on of Fixed Income Instruments 8 4.

More information

U.S. General Services Administration. Alternative Payment Solutions Jeff George Vice President Citi Product Market Management

U.S. General Services Administration. Alternative Payment Solutions Jeff George Vice President Citi Product Market Management U.S. General Services Administration Alternative Payment Solutions Jeff George Vice President Citi Product Market Management July 2012 This material is intended for use by the GSA only 2012 GSA SmartPay

More information

The Fleet Industry Trends in Fleet Management

The Fleet Industry Trends in Fleet Management GSA SmartPay 2010 Conference The Fleet Industry Trends in Fleet Management Gary Robbins Vice President/Wright Express Corporation 12 th Annual GSA SmartPay Conference Atlanta, GA August 10-12, 2010 House

More information

Putting Working Capital to Work Seven Myths about Working Capital Improvement

Putting Working Capital to Work Seven Myths about Working Capital Improvement Putting Working Capital to Work Seven Myths about Working Capital Improvement July 30 th, 2009 10 a.m. US Eastern Daylight Time 3 p.m. British Summer Time Carsten Stendevad Panelist Citi Investment Banking

More information

Working Capital Metrics: What Gets Measured Gets Managed

Working Capital Metrics: What Gets Measured Gets Managed Working Capital Metrics: What Gets Measured Gets Managed Janine Durbin Director; Working Capital Advisor Phone: 312.992.5185 E-Mail: janine.m.durbin@baml.com Understanding Working Capital Working Capital

More information

Siemens Supply Chain Finance Program

Siemens Supply Chain Finance Program Siemens Supply Chain Finance Program January, 2012 Copyright Siemens AG 2007. All rights reserved. Copyright Siemens AG 2006. All rights reserved. Introduction to the Siemens SCF Program The Siemens SCF

More information

Recourse vs. Nonrecourse: Commercial Real Estate Financing Which One is Right for You?

Recourse vs. Nonrecourse: Commercial Real Estate Financing Which One is Right for You? Recourse vs. Nonrecourse: Commercial Real Estate Financing Which One is Right for You? Prepared by Bill White Director of Commercial Real Estate Lending In this white paper 1 Commercial real estate lenders

More information

GSA SmartPay Conference. Citibank Presents: Information Security and Identity Theft

GSA SmartPay Conference. Citibank Presents: Information Security and Identity Theft GSA SmartPay Conference Citibank Presents: Information Security and Identity Theft Citibank Presents: Continue the Revolution Citibank Commercial Cards, Government Services The Ninth Annual GSA SmartPay

More information

WELCOME! Introduction. Celebrating. &PrimeRevenue. PrimeRevenue Hong Kong. 2012 PrimeRevenue, Inc.

WELCOME! Introduction. Celebrating. &PrimeRevenue. PrimeRevenue Hong Kong. 2012 PrimeRevenue, Inc. WELCOME! Introduction Celebrating Ethe Factor Network establishment of &PrimeRevenue PrimeRevenue Hong Kong 2012 PrimeRevenue, Inc. Global Reach Today, we transact business in 50 countries Our platform

More information

FATCA Regulations Training Session #3

FATCA Regulations Training Session #3 Transaction Services July 2013 FATCA Regulations Training Session #3 Update on Changes to New Account Due Diligence Based on Final Regulations Debbie Mercer-Miller Director and U.S. Securities Country

More information

Beltway Buzz: What's Happening in Washington, DC that's Important to Developers

Beltway Buzz: What's Happening in Washington, DC that's Important to Developers Market insights on Community Development Beltway Buzz April 15, 2014 Beltway Buzz: What's Happening in Washington, DC that's Important to Developers Hear the buzz in Washington on a variety of topics that

More information

Information Security & Identity Theft

Information Security & Identity Theft GSA SmartPay Conference Information Security & Identity Theft Maureen Garlock Vice President, Citi 11 th Annual GSA SmartPay Conference Phoenix, Arizona July 28 th - July 30 th, 2009 Techniques for Establishing

More information

FINANCIAL ADVISORY SERVICES BY INDEPENDENT REGISTERED MUNICIPAL ADVISORS

FINANCIAL ADVISORY SERVICES BY INDEPENDENT REGISTERED MUNICIPAL ADVISORS REQUEST FOR QUALIFICATIONS FINANCIAL ADVISORY SERVICES BY INDEPENDENT REGISTERED MUNICIPAL ADVISORS Relating to: General Obligation Bond Issuance and Management Ohio Public Facilities Commission STATE

More information

Southern California AFP Luncheon

Southern California AFP Luncheon Working Capital Unharness your Cash Flow Southern California AFP Luncheon Michael Diekmann Director, Bank of America Merrill Lynch October 10, 2014 Understanding Working Capital Working Capital... = Current

More information

David Weisner. Carolina Caballero. Today s Speakers. U.S. Tax Counsel for Asia Pacific. Citi

David Weisner. Carolina Caballero. Today s Speakers. U.S. Tax Counsel for Asia Pacific. Citi 1 2 Understanding FATCA David Weisner, U.S. Tax Counsel for Asia Pacific, Citi Carolina Caballero, Product Risk and Regulatory Strategy Manager, Clearing and FI Payments, Citi Treasury and Trade Solutions

More information

Turning Receivables Operations Green. Best Practices. Commercial Banking

Turning Receivables Operations Green. Best Practices. Commercial Banking Turning Receivables Operations Green Best Practices Commercial Banking In a recent survey*, 79% of financial executives say shifting to a completely green treasury operation should result in increased

More information

E U R O P E A N B A N K F U N D I N G I N A B A I L - I N W O R L D

E U R O P E A N B A N K F U N D I N G I N A B A I L - I N W O R L D ILF Conference, 3 May 2012 David Marks, Chairman of FIG Debt Capital Markets, J.P. Morgan S T R I C T L Y P R I V A T E A N D C O N F I D E N T I A L English_General This presentation was prepared exclusively

More information

Trade Payables Solutions

Trade Payables Solutions Trade Payables Solutions With GSCF, you can improve your working capital without compromising relationships in your supply chain. Our Trade Payable Solutions allow you to extend your DPO with your Suppliers;

More information

NON-DISCRETIONARY ADVISORY AGREEMENT

NON-DISCRETIONARY ADVISORY AGREEMENT NON-DISCRETIONARY ADVISORY AGREEMENT THIS NON-DISCRETIONARY ADVISORY AGREEMENT is made by and between the undersigned (the Client ) and Values First Advisors, Inc. (the Advisor ). The Client hereby retains

More information

Municipal Advisory Agreement

Municipal Advisory Agreement Municipal Advisory Agreement William Logan Director of Finance This letter will set forth the terms of the Municipal Advisory Agreement (the Agreement ) pursuant to which MAS Financial Advisory Services

More information

Citigroup Global Transaction Services

Citigroup Global Transaction Services Citigroup Global Transaction Services Cash Management Trade Services and Finance Securities and Fund Services Uncovering the Hidden Value in Accounts Receivables Olivia Xu Director, NA Trade Sales Kate

More information

Ushering in A New Era of Renminbi Liberalization

Ushering in A New Era of Renminbi Liberalization Treasury and Trade Solutions Ushering in A New Era of Renminbi Liberalization August 2015 Understanding and the Renminbi Liberalization Cross border controls in continue to relax Understanding the RMB

More information

Sale of receivables from the Spanish Public Health Care Sector. Cleaning up your Balance Sheet

Sale of receivables from the Spanish Public Health Care Sector. Cleaning up your Balance Sheet Sale of receivables from the Spanish Public Health Care Sector Cleaning up your Balance Sheet Index i. Problem ii. Solution The Non Recourse sale of receivables to IOS Finance Key Accounting Considerations

More information

GEORGIA STATE FINANCING AND INVESTMENT COMMISSION (GSFIC) Policy and Procedures, Owner Commission

GEORGIA STATE FINANCING AND INVESTMENT COMMISSION (GSFIC) Policy and Procedures, Owner Commission GEORGIA STATE FINANCING AND INVESTMENT COMMISSION (GSFIC) Policy and Procedures, Owner Commission Policy Title/Number QUALIFIED INTEREST RATE MANAGEMENT AGREEMENTS FOR STATE AUTHORITIES Effective Date:

More information

Miller Financial Services, LLC Advisory Services Agreement

Miller Financial Services, LLC Advisory Services Agreement Miller Financial Services, LLC Advisory Services Agreement This Agreement (the Agreement ) is made and entered into, by and between, Miller Financial Services, LLC (the Advisor ) and xx (the Client ),

More information

III. CUSTOMER TRADING AGREEMENT

III. CUSTOMER TRADING AGREEMENT III. CUSTOMER TRADING AGREEMENT 1. PURPOSE OF AGREEMENT This agreement provides for the establishment of an access(s) for Customer (hereinafter referred to as "Customer Trading Access") with CFD Capital

More information

175 TownPark Drive, Suite 400, Kennesaw, GA 30144 APPROVED UNDERWRITER AGREEMENT

175 TownPark Drive, Suite 400, Kennesaw, GA 30144 APPROVED UNDERWRITER AGREEMENT 175 TownPark Drive, Suite 400, Kennesaw, GA 30144 APPROVED UNDERWRITER AGREEMENT THIS APPROVED UNDERWRITER AGREEMENT (the Agreement ) is made and entered into as of this day of, 20, by and between, (the

More information

Discretionary Investment Management Agreement Vulcan Investments LLC 2100SouthBridge Pkwy Suite 650, Birmingham AL, 35209 1. Scope of Engagement a)

Discretionary Investment Management Agreement Vulcan Investments LLC 2100SouthBridge Pkwy Suite 650, Birmingham AL, 35209 1. Scope of Engagement a) Discretionary Investment Management Agreement This investment management agreement (the Agreement ) is, made this day of, 20 Between the undersigned party, Client(s) whose mailing address is. (Hereinafter

More information

Identity Theft Trends and Prevention

Identity Theft Trends and Prevention GSA SmartPay 2010 Conference Identity Theft Trends and Prevention Gregory Munson, CISSP, CISM Senior VP, ICG Global Information Security 12 th Annual GSA SmartPay Conference Atlanta, GA August 10 12, 2010

More information

CONSULTING SERVICES AGREEMENT

CONSULTING SERVICES AGREEMENT CONSULTING SERVICES AGREEMENT This CONSULTING SERVICES AGREEMENT (this Agreement ) is dated as of the latest date set forth on the signature page hereto (the Effective Date ) and is entered into by and

More information

Outsourcing: Building Successful Strategies

Outsourcing: Building Successful Strategies Outsourcing: Building Successful Strategies Neil Roberts New Business Initiatives Ed McMahon USD Clearing Outsourcing: Building Successful Strategies Neil Roberts New Business Initiatives Ed McMahon USD

More information

DISCRETIONARY INVESTMENT ADVISORY AGREEMENT

DISCRETIONARY INVESTMENT ADVISORY AGREEMENT DISCRETIONARY INVESTMENT ADVISORY AGREEMENT This Discretionary Investment Advisory Agreement (this Agreement ) is between (the "Client") and LEONARD L. GOLDBERG d/b/a GOLDBERG CAPITAL MANAGEMENT, a sole

More information

HSBC India Global Markets overview PUBLIC

HSBC India Global Markets overview PUBLIC HSBC India Global Markets overview Part 1. Hedging FX and Rate Exposures FX and Rates Market Overview FX Spot and Forwards Very Liquid spot market estimated daily volume of USD 5 billion Over 15 active

More information

Digital Security Cyber Security and Fraud Prevention

Digital Security Cyber Security and Fraud Prevention Treasury and Trade Solutions Citi Online Academy February 2015 Digital Security Cyber Security and Fraud Prevention Rajesh Shenoy Global Head of TTS Digital Security rajesh.a.shenoy@citi.com +1 (416) 947-5602

More information

Duke Angel Network TERMS OF MEMBERSHIP

Duke Angel Network TERMS OF MEMBERSHIP Duke Angel Network TERMS OF MEMBERSHIP Updated: 29 April 2015 This document (this Membership Agreement ) governs membership in the Duke Angel Network. Please read it and consent to its terms electronically

More information

Bill Discounting. Exporter. Importer BANKING AND TRADE FINANCE TUTORIAL. Importer s Bank. Exporters Bank INDIA FOREX ADVISORS.

Bill Discounting. Exporter. Importer BANKING AND TRADE FINANCE TUTORIAL. Importer s Bank. Exporters Bank INDIA FOREX ADVISORS. Bill Discounting While discounting a bill, the Bank purchases the bill receivable to the Exporter (i.e. Bill of Exchange or Promissory Note) before its due date and credits the value of the bill to the

More information

Eagle Asset Management. REIT manager. Analyst Presentation. Acquisition of 3 Floors of Citibank Tower 4Q 2006 Version 1.0. Eagle Asset Management

Eagle Asset Management. REIT manager. Analyst Presentation. Acquisition of 3 Floors of Citibank Tower 4Q 2006 Version 1.0. Eagle Asset Management REIT manager Analyst Presentation Acquisition of 3 Floors of Citibank Tower 4Q 2006 Version 1.0 1 Important Notice This document may contain information which is proprietary, confidential and/or legally

More information

PIH INVESTMENTS, LLC INVESTMENT ADVISORY AGREEMENT

PIH INVESTMENTS, LLC INVESTMENT ADVISORY AGREEMENT PIH INVESTMENTS, LLC INVESTMENT ADVISORY AGREEMENT On this day of, in the year, by and between Pih Investments, LLC ( Advisor ) and ( Client ). WITNESSETH WHEREAS, the undersigned Client being duly authorized

More information

INVESTMENT ADVISORY AGREEMENT

INVESTMENT ADVISORY AGREEMENT INVESTMENT ADVISORY AGREEMENT This AGREEMENT, made this day of,2005 between (hereinafter referred to as the [Client(s)], and TCS Financial Services, Inc., a Registered Investment Adviser, whose mailing

More information

Antonio Gastelum, Inc. INVESTMENT MANAGEMENT AND ADVISORY AGREEMENT ( Agreement )

Antonio Gastelum, Inc. INVESTMENT MANAGEMENT AND ADVISORY AGREEMENT ( Agreement ) Antonio Gastelum, Inc. INVESTMENT MANAGEMENT AND ADVISORY AGREEMENT ( Agreement ) Management and Advisory Agreement This Investment Management and Advisory Services ( Advisory Services ) Agreement dated

More information

NOTE ON LOAN CAPITAL MARKETS

NOTE ON LOAN CAPITAL MARKETS The structure and use of loan products Most businesses use one or more loan products. A company may have a syndicated loan, backstop, line of credit, standby letter of credit, bridge loan, mortgage, or

More information

DISCRETIONARY INVESTMENT ADVISORY AGREEMENT

DISCRETIONARY INVESTMENT ADVISORY AGREEMENT DISCRETIONARY INVESTMENT ADVISORY AGREEMENT AGREEMENT, made this day of, 20 between the undersigned party, (hereinafter referred to as the Client ), and Walkner Condon Financial Advisors LLC, a registered

More information

HFT / Algorithmic Trading MiFID II. Futures, Clearing and Collateral

HFT / Algorithmic Trading MiFID II. Futures, Clearing and Collateral HFT / Algorithmic Trading MiFID II Futures, Clearing and Collateral Background Citi s Futures, Clearing and Collateral business provides execution, clearing and collateral management services to institutional

More information

BlueBay Asset Management LLP Environmental, Social and Governance (ESG) Investment Risk Policy

BlueBay Asset Management LLP Environmental, Social and Governance (ESG) Investment Risk Policy BlueBay Asset Management LLP Environmental, Social and Governance (ESG) Investment Risk Policy INTRODUCTION This policy document outlines BlueBay Asset Management LLP s ( BlueBay ) approach to integrating

More information

AribaPay Operational Details

AribaPay Operational Details AribaPay AribaPay Operational Details Table of Contents 3 Onboarding and Setup 4 Payment Initiation and Flow 5 Postpayment Process and Responsibilities 6 Third-Party Participation in AribaPay in the United

More information

Optimizing Payment Cycles for Trade Payables and Receivables

Optimizing Payment Cycles for Trade Payables and Receivables Optimizing Payment Cycles for Trade Payables and Receivables Houston Treasury Management Association Space City Cash Conference September 2013 Madeline Sprague, HSBC Bank USA, N.A. Global Trade & Receivables

More information

Managing a Fixed-Income Portfolio vs. a Benchmark

Managing a Fixed-Income Portfolio vs. a Benchmark Managing a Fixed-Income Portfolio vs. a Benchmark 林 瑩 慧 (Susan Y. Lin) Managing Director Head of International Development The Yield Book/Index Citigroup Global Markets Taiwan Limited April 2009 Outline

More information

Shanghai-Hong Kong Stock Connect

Shanghai-Hong Kong Stock Connect Markets and Securities Services Citi Online Academy June 11, 2014 Shanghai-Hong Kong Stock Connect The Game-Changing Breakthrough in Accessing China This discussion is provided for informational purposes

More information

NEW YORK STATE DIVISION OF THE BUDGET DEBT MANAGEMENT POLICIES STATE-SUPPORTED DEBT

NEW YORK STATE DIVISION OF THE BUDGET DEBT MANAGEMENT POLICIES STATE-SUPPORTED DEBT NEW YORK STATE DIVISION OF THE BUDGET DEBT MANAGEMENT POLICIES STATE-SUPPORTED DEBT LAST REVISED: October 2012 Introduction: The following provides a summary of the State s Debt Management Policies and

More information

Company DBA: Company Legal Name: Company Federal EIN: Company State Unemployment ID Number:

Company DBA: Company Legal Name: Company Federal EIN: Company State Unemployment ID Number: ChoicePay PAYROLL Service Agreement Company DBA: Company Legal Name: Company Federal EIN: Company State Unemployment ID Number: Company is A: Sole Proprietorship Limited Partnership General Partnership

More information

CUSTOMER LIST PURCHASE AGREEMENT BY AND BETWEEN RICHARD PENNER SELLER. and S&W SEED COMPANY BUYER

CUSTOMER LIST PURCHASE AGREEMENT BY AND BETWEEN RICHARD PENNER SELLER. and S&W SEED COMPANY BUYER EXHIBIT 10.1 CUSTOMER LIST PURCHASE AGREEMENT BY AND BETWEEN RICHARD PENNER as SELLER and S&W SEED COMPANY as BUYER CUSTOMER LIST PURCHASE AGREEMENT THIS CUSTOMER LIST PURCHASE AGREEMENT ( Agreement )

More information

Business Online Banking Client Setup Form

Business Online Banking Client Setup Form Business Online Banking Client Setup Form *All available fields must be filled out prior to submission to ensure proper processing. New Setup Maintenance on Existing Customer Company Name: Tax ID: Address:

More information

OptimizeRx OPRX. Buy. Platform Potential Continues to Grow $0.87 $4.00. Refer to the last two pages of this report for Disclosures

OptimizeRx OPRX. Buy. Platform Potential Continues to Grow $0.87 $4.00. Refer to the last two pages of this report for Disclosures Nov 14, 2014 Healthcare OptimizeRx Platform Potential Continues to Grow Other OTC OPRX Buy Rating Unchanged Current Price $0.87 Target Price $4.00 Market Capitalization 20.32M Shares Outstanding 23.36M

More information

INVESTMENT ADVISORY AGREEMENT

INVESTMENT ADVISORY AGREEMENT The undersigned client ( I ) agrees to engage WealthStrategies Financial Advisors, LLC ( you ) as advisor for the Account(s) custodied with FOLIOfn Investments, Inc. ( Account(s) ) upon the following terms

More information

Climb Investco, LLC, a Delaware limited liability company. Climb Credit, Inc., a Delaware Corporation

Climb Investco, LLC, a Delaware limited liability company. Climb Credit, Inc., a Delaware Corporation Amended and Restated Final Agreement of the Parties PARTIES Lender Manager Master Servicer School ELIGIBILITY Eligible Assets Eligible Schools TRANSACTION Transaction Term Survival Program Size Funding

More information

Paymode-X: Your Best Option for Order-to-Pay Automation

Paymode-X: Your Best Option for Order-to-Pay Automation Paymode-X: The Largest Business-to-Business Payments and Invoicing Network Paymode-X: Your Best Option for Order-to-Pay Automation Why Automate Your Order-to-Pay Process? Order-to-Pay automation frees

More information

ACH POSITIVE PAY SERVICE AGREEMENT

ACH POSITIVE PAY SERVICE AGREEMENT ACH POSITIVE PAY SERVICE AGREEMENT This ACH Positive Pay Service Agreement ( Service Agreement ) is made this day of between: Alpine Bank ( Bank ) and (the Company ) and it governs Company s use of the

More information