Citi has launched a communication and notification service for structured finance issuers to communicate key actions directly to investors in real-time via the Bloomberg Professional service.
As notification agent for issuers, Citi will deliver automated amendments, waivers and consents and other types of notices directly to investors via CF<GO>, the corporate filing platform available to Bloomberg Professional’s subscribers – a software platform that provides real-time and historical data, news and analytics. Investors will be able to access a link to Citi’s secure investor reporting website to view notices online in real-time.
Citi commented that investors are increasingly challenged to efficiently monitor notices on numerous tranches of structured finance issues which can directly impact pricing and liquidity. Until now, investors have relied on indirect notification of actions via third parties. The investor direct notification service alerts them so they do not miss important notifications that could impact deal monitoring.
“We are pleased to work with Bloomberg to launch Citi’s latest extension of our trust and administration services for structured finance issuers and investors,” said Paul Burke, North America head of sales, agency and trust services, Citi. “We have a deep understanding of the needs of the participants in the structured finance markets, and we are committed to delivering leading solutions that help increase transparency and liquidity.”
Rising interest rates, excitement around blockchain use cases and cross-border payments were all hot topics at this year's AFP conference in San Deigo.
Today CGI and GTNews have announced the launch of the fifth annual Transaction Banking survey report, which offers which offers critical insight into the corporate-to-bank relationship.
The US dollar and debt yields falling on the North Korea missile test, treasury being a top target for cyber criminals and why treasurers aren't into real-time payments all hit the latest headlines in the world of treasury this week. Don't miss our ten top news stories from around the world.
Treasurers are being expected to do more work with fewer resources than ever before, so it is little wonder that the automation of day-to-day operations was highly discussed on the second day of EuroFinance, the annual treasury event held in Barcelona this week.