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Custody & Clearing

Staff Reporter

, APAC

Published:

1 year ago

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Photo courtesy of Danesman1 (Wikimedia Commons)

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.

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