Citi wins central bank of Bangladesh contract.Byline: news@cpifinancial.net (Staff Writer) Citi Securities and Fund Services, a division of Global Transaction Services, has been mandated by Bangladesh Bank Bangladesh Bank is the Central bank of Bangladesh. History After the liberation war, and the eventual independence of Bangladesh, the Government of Bangladesh reorganized the Dhaka branch of the State Bank of Pakistan as the central bank of the country, and named it , the Central Bank of Bangladesh, to provide global custody services. Under the mandate, Citi Securities and Fund Services will provide an array of global custody services to Bangladesh Bank, including safekeeping Safekeeping The storage of assets or other items of value in a protected area. Notes: Individuals may use self-directed methods of safekeeping or the services of a bank or brokerage firm. of assets, settlements monitoring, corporate action processing, income collection, recordkeeping and consolidated reporting. The mandate will initially cover Bangladesh Bank's offshore investments in major international markets. In December 2008, Citi launched Direct Custody and Clearing services in Bangladesh, extending its proprietary network to 16 markets in Asia Pacific. Within the Global Transaction Services franchise in Bangladesh, clients are also provided with market-leading end-to-end Treasury and Trade Solutions and Agency and Trust services. The mandate marks the latest global custody win for Citi in the Asia Pacific central space. Earlier in 2009, Citi Securities and Fund Services was global custodian bailee (custodian) n. a person with whom some article is left, usually pursuant to a contract (called a "contract of bailment"), who is responsible for the safe return of the article to the owner when the contract is fulfilled. for the National Bank of Cambodia The National Bank of Cambodia, located in Phnom Penh, is the central bank of Cambodia and manages the country's currency, the riel. The bank was established in 1954[1] when Cambodia obtained its independence from France. , adding to its existing list of central bank clients around the region. 2009 CPI (1) (Characters Per Inch) The measurement of the density of characters per inch on tape or paper. A printer's CPI button switches character pitch. (2) (Counts Per I Financial. All rights reserved. Provided by Syndigate.info an Albawaba.com company |
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