Citi has released a new real-time liquidity sharing solution in six Asian markets, responding to companies’ need to improve the efficiency of their liquidity management and working capital.
The New York-based global bank says that the solution enables treasury divisions to mobilise liquidity and fund intraday payments across multiple entities and accounts in real-time without the need to physically fund these accounts.
For corporate treasurers, this removes the need for manual funding and forecasting, making more efficient use of their working capital and lowering costs associated with external and subsidiary borrowing.
Citi believes that this solution will help clients to improve liquidity performance in the face of volatile and unpredictable conditions that have prevailed since the Covid-19 pandemic.
The new platform, which forms part of Citi’s Liquidity Optimisation product, will launch initially in Australia, China, Hong Kong, New Zealand, Singapore and Taiwan, with extension to other jurisdictions in line with client demand.
Sandip Patil, Citi’s head of liquidity management services, treasury and trade solutions for Asia, says: “With the launch of Citi Real-time Liquidity Sharing, clients can benefit from real-time funding solutions even in situations where their cash flow forecasting may not go as planned.
“Beyond treasury automation, our new solution complements how we are helping clients realise true eCommerce and real-time growth potential, by bringing embedded instant payments and liquidity solutions on a 24-by-7 basis,” says Patil.
The bank indicates that it operates one of the most comprehensive proprietary liquidity management networks in the industry, supporting over 30,000 regional and global liquidity structures for its clients and with banking licences in more than 90 countries.
