This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Citi To Clear OTC Derivatives For Caisse De Dépôt Et Placement Du Québec

Citi has been designated by Caisse de dépôt et placement du Québec (Caisse) to serve as one of its primary clearing agents for over-the-counter (OTC) derivative transactions. Citi was selected after a significant and lengthy review process in which the Caisse evaluated a number of providers across a broad spectrum of factors to ensure key risk management, global access and operational requirements were met.

“Citi is proud to be chosen as the clearing agent for the Caisse,” said Jerome Kemp, Global Head of Futures and OTC Clearing. “We will continue to work with clients in counterparty risk management as they prepare for mandatory compliance with Canadian, US, and global regulations.”

As a signatory to the G-20 commitment in 2009, Canadian authorities are committed to clearing standardized OTC derivative contracts through central counterparties. To date, Citi has cleared more than two trillion dollars notional in OTC derivatives.

“Sweeping new regulations requiring the clearing of OTC derivatives are designed to provide a safer, more transparent market and we strongly support this initiative,” said Christopher Perkins, Global Head of OTC Clearing. “We will continue to meet the needs of our global clients as we help them navigate the process and transition to a centrally cleared model.”

Citi views Futures and OTC clearing as a core offering within its franchise and a key relationship service. As a leader in central clearing, Citi is willing to connect clients to their choice of viable OTC clearing platforms that have broad buy-side and sell-side support.

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,058.35 -469.68 -2.84%
S&P 500 1,913.85 -58.33 -2.96%
NASDAQ 4,636.1050 -140.4030 -2.94%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs