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Glossary

Working Capital

The capital of a business used in its day-to-day trading operations, calculated as current assets minus current liabilities.

Working Capital News

Industry
ClearToken unveils CT Settle

The multi-currency service completed its first complete settlement cycle, settling netted cryptoasset and fiat currency transactions between LMAX Digital and Flow Traders

Citi appoints Cox as head of Investor Services

Cox was previously head of trade and working capital solutions for Citi

Taylor joins Citi

Joining from BNY, Steve Taylor most recently served as head of product for the company's Data and Analytics business

Citi and Fidelity International release PoC for on-chain MMF

The solution could enable investors to conduct seamless and real-time settlement of multi-asset positions in different currencies, the firms say

Citi appoints duo to TTS APAC division

Sumanta Panigrahi (pictured) has been appointed head of the trade and working capital solutions business, and Thus De Silva has been named head of commercial cards

Singapore authorities report on interoperable digital asset networks

The Monetary Authority of Singapore (MAS) has been working in partnership with industry firms through its Project Guardian initiative to test the viability of asset tokenisation and decentralised finance in financial services

Technology
Citi India completes first LC transaction through Contour

Citi India has completed its first blockchain-enabled letter of credit transaction with diversified industrials manufacturing company Cummins India Limited

Citi welcomes duo to its ICG business

Citi has appointed Anoushka Dua (pictured left) and Vandana Bhatter (pictured right)

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