Citi Launches OTC Derivatives Service

Citi’s global transaction services (GTS) business has launched an over-the-counter (OTC) derivatives service that consolidates and simplifies the entire post-trade execution process. The offering provides clients with access to a full range of middle- and back-office services on a single platform, including confirmation, settlement, valuation services, collateral management, margin management, and access to Citi’s global clearing network.

New regulations and oversight are transforming the OTC derivatives market, adding levels of operational complexity and reporting requirements across the contract lifecycle. The proposed offering addresses the need for a comprehensive OTC derivatives solution clients can use to navigate a rapidly changing regulatory and operational environment, featuring connectivity to all major execution venues and clearing houses, daily valuation services, margin and collateral optimisation, and extensive reporting. A flexible, web-based interface enables full intra-day visibility into key contract lifecycle events.

“Our goal is to help our clients stay ahead of the curve by proactively assessing new requirements and developing leading solutions,” said Neeraj Sahai, global head, securities and fund services, Citi. “With our OTC derivatives service, we have been able to harness the breadth of Citi’s in-house expertise and high-volume trading technology to help our clients increase efficiency and optimise assets.”


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