Citi TTS to launch 24/7 USD clearing service in Q4

Clients can make USD payments globally 24/7, even during holidays.

Citi Treasury and Trade Solutions have unveiled plans to launch a 24/7 clearing service beginning with a 24/7 USD clearing in Q4.

With this, clients can now make USD payments across Citi’s 11,500 financial institution customers globally 24 hours a day every day of the week including holidays.

“Our clients are looking for access to always-on payments capabilities as entire industries shift to  24/7 business models. Through 24/7 Clearing, we are enabling our financial institution clients to  innovate and meet these changing expectations for availability and speed of processing in cross border payments,” said Amit Agarwal, global co-head of payments and receivables at Citi’s Treasury and Trade Solutions.