Citi Presents the Execution to Custody (E2C) Solution in Latin America

Miami, Florida, August 20, 2014 – Citi has launched its Execution to Custody (E2C) solution in the Latin American market. E2C is an electronic platform automating the trade execution, post trade enrichment, clearance and settlement processes in markets and liquidity pools around the globe. Through E2C, clients can take advantage of Citi Markets’ extensive market access and execution technology as well as Citi’s unrivalled custody network through a single connection that facilitates industry-leading STP rates, while automating the generation of settlement instructions to reduce operational complexities in markets around the globe.

“Citi’s global presence makes the E2C offering uniquely effective, providing unparalleled in-market expertise on regulation, practices, fees and taxes. Citi owns and operates its entire value chain in many markets, allowing transparency into transaction statuses and providing an external record of transactions as a validation source against your internal systems,” explains Ricardo Hesse, Securities Services Head, Latin America.

With Citi entities as the providers of both execution and settlement services through E2C, the transaction life cycle is streamlined and client expenses are reduced. The E2C service enables Citi’s clients to avoid the complexity and cost of establishing operations locally in multiple countries or modifying operations on a per market basis.

Citi’sTradeDate AutoFX service is a fully integrated option within the E2C solution. TradeDate AutoFX is designed to actively manage foreign exchange transactions at market execution (on trade date) thus reflecting trade economics in clients’ base currency for international trades without the need for an internal multicurrency platform.

E2C automatically generates client settlement instructions based on predetermined information supplied during implementation, eliminating the need for client middle or back office to send settlement instructions for every transaction. This results in fewer fails, higher STP rates and, as a result, lower costs per trade. The E2C product connects to clients’ internal systems in the front, middle, and back office, which relieves duplicative entry and reduces the risk of errors. Further, Citi is able to internalize the entire transaction lifecycle for Citi E2C trades. This capability allows Citi’s E2C clients to completely eliminate the expense and risk created by utilizing an external matching utility.