Citibank WWSS Offers EMU Preparatory and Information Web Site at www.citicorp.com/corpbank/wwss/emu.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and LONDON--(BUSINESS WIRE)--Dec. 16, 1998-- Site Designed to Guide Securities Markets Participants Through the Transition to the New Single European Currency As the historic Le Weekend approaches on January 1, 1999, information about the euro and its implementation is in great demand across the globe. To provide the most comprehensive and up-to-date EMU emu or emeu (both: ē`my  ), common name for a large, flightless bird of Australia, related to the cassowary and the ostrich. information available, Citibank Worldwide Securities Services (WWSS WWSS Worldwide Satellite Systems (US DoD contract vehicle)WWSS Warfare and Warfare Support System ), a recognized world leader in global securities, has developed the Citibank WWSS EMU Web site containing information specific to securities markets and operations such as redenomination testing and country-specific transition plans. General information about EMU and the opportunities the new currency presents can be found on Citibank's Web site at www.citibank.com/emu. The WWSS EMU site gives Citibank rapid communication capability in the weeks leading up to, during, and following Le Weekend. The site will post relevant bulletins and all late-breaking developments. Citibank clients will receive electronic messages alerting them to Internet bulletins as they are issued. The site is another example of Citibank's extensive client communication effort to ensure a smooth transition to the new currency. Other WWSS programs include redenomination software and information packages distributed by Citibank Securities Account Managers (SAMs), client seminars, and print programs such as operations guides and newsletters. Citibank has made sizable siz·a·ble also size·a·ble adj. Of considerable size; fairly large. siz  a·ble·ness n. investments in EMU transition
programs since its inception in 1996 and is consistently recognized as a
leader in EMU strategy and implementation. -0-
The site features:
-- News - The `EMU Service & Migration Plan' containing practical
operational procedures and `Preparing for EMU' detailing
regulatory impacts.
-- Timetables - Lists critical EMU dates, Le Weekend schedule for
coverage and assistance, and a testing strategy timetable.
-- Countries - EMU Country-specific profiles including Q & As,
contact information and securities redenomination rules as they
become available.
-- Redenomination - downloadable redenominating tool for instant
conversion updates.
-- Reference - An EMU glossary with over 80 terms defined and EMU
Frequently Asked Questions (FAQs) answered.
-0- Citibank Worldwide Securities Services is a recognized world leader in securities clearing, cross-border custody, securities lending Securities Lending When a brokerage lends securities owned by its clients to short sellers. Notes: This allows brokers to create additional revenue (commissions) on the short sale transaction. , depository receipts Depository Receipt A negotiable financial instrument issued by a bank to represents a foreign company's publicly traded securities. The depository receipt trades on a local stock exchange. , and corporate agency and trust. With the industry's largest proprietary network spanning 50 countries and a reach covering 62 countries, Citibank WWSS consistently ranks as the premier choice for custody and clearing services in more markets than any other bank, 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. industry surveys. Investment managers, broker-dealers and 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. rely on Citibank for authoritative market intelligence, sophisticated global processing capabilities and responsive client service. Citibank currently provides securities services to more than 2,500 customers worldwide with nearly $3 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. |
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