Citi Enhances Its Award-Winning TreasuryVision® Global Liquidity Portal

Citi today announced the release of its TreasuryVision® Global Liquidity Portal’s Intercompany Lending Module version 2.0. New functionality now available with this enhanced tool allows clients to manage the intercompany lending process and simplify the tracking and reporting of financial flows between legal entities. It also helps clients control exposures, anticipate interest and tax liabilities and manage workflow and associated documentation – all while aiding compliance with linked internal policies.

Corporate liquidity and funding is a prime focus for global enterprises. A well run intercompany lending program yields opportunities to leverage internal flows to create greater efficiency and reduce the need for external funding and related costs. With a single repository of all intercompany loans, a client’s treasury can more easily manage withholding tax liabilities and FX exposures, plan for dividend repatriation, and reduce the overall risk profile. The new tool enables clients to design a flexible program that leverages people, processes and technology and incorporate best practices and market expertise in an efficient and holistic framework.

“In 2011 the Global Liquidity & Investments Team at Citi’s Global Transaction Services was at the forefront of the industry analyzing and assisting clients in understanding their needs and priorities around corporate liquidity and intercompany funding,” said Elyse Weiner, Global Head for Liquidity & Investments with Citi’s Global Transaction Services. “As part of our continued investment in innovative tools and services, we introduce the Next Generation of Intercompany Lending Management capabilities on the TreasuryVision® Global Liquidity Portal. This significant release is both an upgrade to the user experience offered today through the TreasuryVision Global Liquidity Portal, as well as significant expansion of this capability, through new product functionality and innovation.”

The Intercompany Lending Module is fully integrated within the TreasuryVision® Global Liquidity Portal, merging legal entity hierarchies and providing a greater level of self-service and automation. Through work with Citi’s pilot clients and their most pressing needs in this area, this innovative module has been expanded to include new loan types, including floating rate, revolver, promissory note and discount loans. Also, new benchmark rate entry functionality has been added in order to support processing and reporting of loans with variable interest rates.

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