Citibank Most Acclaimed Global Network According to Global Custodian Magazine Survey; Receives 'Top-Rated' or 'Commended' Status in 36 Markets More than Double Any Other Bank.Business Editors NEW YORK--(BUSINESS WIRE)--Feb. 4, 2000 Citibank announced today that it received 'Top-Rated' or 'Commended' status in 24 emerging markets according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the 1999 Emerging Markets Agent Bank Review Survey conducted by Global Custodian magazine Global Custodian Magazine is the trade publication covering the international securities services industry. GlobalCustodian.com refers to website of Global Custodian Magazine, which is updated daily and provides news and events coverage of the custody and securities industry. . It is the eighth consecutive year Citibank collected more ratings than any other bank. Citibank received `Top Rated' or `Commended' Status in 12 markets in the publication's Major Market Agent Bank Review released in September of 1999 bringing its total number of rated markets in 1999 to 36 - more than double any other provider. There were a total of 34 emerging markets rated in the 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. survey. Of those 34 markets, Citibank has branches in 29 and of those 29 markets, 24 received either `Top-rated' or `Commended' status. The Global Custodian Agent Bank Review, now in its 11th year, measures agent banks in both major and emerging markets on the quality of service they provide their cross-border clients. Information for the third-party survey is gathered during a three months of interviews and questionnaires sent to global custodians
The Custodians is terminology in the Bahá'í Faith, which refers to nine Hands of the Cause assigned specifically to work at the Bahá'í World Centre in attendance to the Guardian of the Faith. , brokerage firms, investment managers, insurance companies and other financial institutions. Scores are based on performance in seven categories: settlement, 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. , client reporting, account administration, ancillary services, technology, and commitment/fees. &uot;We are delighted to receive this honor,&uot; said Sandy Jaffee, Division Executive for Citibank Worldwide Securities Services. &uot;Our continuing goal is to provide excellent execution, global consistency and local market expertise to our customers. Through independent surveys such as this one, it is very satisfying to see that our customers value our quality and performance, whether they use our services directly in a particular country or globally through a central access point.&uot; Citibank Worldwide Securities Services received the following survey ratings: 'Top-Rated' branches: ---------------- ---------------- -------------- --------------------- Argentina Greece Malaysia Taiwan ---------------- ---------------- -------------- --------------------- Brazil Hungary Mexico Thailand ---------------- ---------------- -------------- --------------------- Chile India Russia Turkey ---------------- ---------------- -------------- --------------------- China Indonesia Pakistan Venezuela ---------------- ---------------- -------------- --------------------- Colombia Italy Peru Czech Republic ---------------- ---------------- ------------------------------------ Korea Philippines ---------------------------------------------------------------------- 'Commended' branches: ---------------------------------------------------------------------- Australia Hong Kong Poland United Kingdom ---------------------------------------------------------------------- Egypt Japan Portugal United States ---------------------------------------------------------------------- France Morocco Singapore Germany ---------------------------------------------------------------------- New Zealand Spain ---------------------------------------------------------------------- Citibank Worldwide Securities Services (WWSS WWSS Worldwide Satellite Systems (US DoD contract vehicle) WWSS Warfare and Warfare Support System ) is a unit of Citigroup's Global Corporate and Investment Bank Division. WWSS serves global issuers, investors and intermediaries through the industry's largest proprietary network, spanning 50 countries. It currently provides securities services to more than 2,500 customers worldwide and has $3.4 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. in assets under custody. WWSS is the industry's premier custodian of cross-border assets, top ranked global clearer and recognized leader in depositary receipt depositary receipt A negotiable certificate that represents a company's publicly traded debt or equity. Depositary receipts are created when a company's shares or bonds are delivered to a depositary's custodian bank, which instructs the depositary to issue services, and agency and trust services. The local presence of WWSS, supported globally by Regional Service Centers, ensures clients of consistent transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. worldwide, proprietary control of clearing cycles and reduced risk in all cross-border securities transactions. Citigroup (NYSE NYSE See: New York Stock Exchange :C), the most global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company, provides some 100 million consumers, corporations, governments and institutions in 100 countries with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage and asset management. The 1998 merger of Citicorp and Travelers Group brought together such brand names as Citibank, Travelers, Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. , Commercial Credit (now named CitiFinancial), and Primerica under Citigroup's trademark red umbrella. Additional information may be found at: www.Citigroup.com. |
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