Citibank Upgrades Issuer Access - Online ADR Information Source.Business Editors NEW YORK--(BUSINESS WIRE)--June 1, 2000 Internet-delivered service provides Citibank ADR ADR - Astra Digital Radio clients with more extensive program information than ever before Citibank 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 announced today that Issuer Access(R), an Internet-delivered source of daily information for Citibank American Depositary Receipt American Depositary Receipt (ADR) Certificates issued by a US depository bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue. (ADR) programs, now provides more extensive and valuable data than ever before. The new features include top 100 shareholder activity reports, dividend and share distribution history reports, and complete registered holder listings. First launched online in December 1999, Issuer Access(R) is a secure online information source offering Citibank clients daily information on share ownership and cross-border activity. Additionally, clients can download the data to spreadsheets for easy preparation of customized analysis and reports. Each of these three features offers greater flexibility for clients, enabling them to access and analyze a wider range of data. The holder activity lists show Top 100 share positions based on a given date range. Dividend history is now provided from inception of the issuer's ADR program, including all cash dividend, stock dividend and rights entitlement information for both U.S. and local markets. The registered holder list extends to every holder on the books of the depositary DEPOSITARY, contracts. He with whom a deposit is confided or made. 2. It is, the essence of the contract of deposits that it should be gratuitous on the part 'of the depositary. 9 M. R. 470. , recording name, location and whole share position. "Issuer Access(R) has proven to be a valuable tool for our clients. By listening to their needs and through our own efforts to deliver top quality service consistently, we find new ways to provide innovative and effective technology solutions," said Kurt Schneiber, Global Managing Director, Citibank Depositary Receipt Services. "To enhance Issuer Access(R), we focused on ease of use and providing more detailed information. We believe we've been successful." Issuer Access(R) is available to Citibank ADR clients through the Website www.citibank.com/adr. This proprietary service provides ADR program overviews, daily updated price information with monthly highs and lows, broker activity lists including cross-border activity, and a weekly Depository Trust Company Depository Trust Company (DTC) DTC is the world's largest central securities depository. It accepts deposits of over 2 million equity and debt securities issues (valued at $23 trillion) from over 65 countries for custody, executes book-entry deliveries (valued at over $116 trillion participant list showing beneficial ownership of shares. All information on Issuer Access(R) is delivered in a secured environment with 128-bit encryption The reversible transformation of data from the original (the plaintext) to a difficult-to-interpret format (the ciphertext) as a mechanism for protecting its confidentiality, integrity and sometimes its authenticity. Encryption uses an encryption algorithm and one or more encryption keys. for the entire time a user is logged on. Citibank Depositary Receipt Services leads the market in bringing quality issuers to market and promoting ADRs as an effective capital markets tool. Citibank began offering American Depositary Receipts in 1928 and today is the market leader, widely recognized for delivering high quality, highly liquid programs to our customers. Citibank Depositary Receipt Services is a part of Citibank Worldwide Securities Services (WWSS WWSS Worldwide Satellite Systems (US DoD contract vehicle) WWSS Warfare and Warfare Support System ), a division of Citigroup's Global Corporate and Investment Bank. WWSS serves global issuers, investors and intermediaries through the industry's largest proprietary network, spanning 51 countries and territories. It currently provides securities services to more than 2,500 customers worldwide and has $3.9 trillion in assets under custody. WWSS is the industry's premier 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. of cross-border assets, top ranked global clearer and recognized leader in quality depositary receipt services, and agency and trust services. 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 102 countries and territories 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 Citigroup 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 and Primerica under Citigroup's trademark red umbrella. Visit our Website at www.citibank.com/adr Information contained herein is a matter of record only. It should not be construed as advice or a recommendation by Citibank. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion