Direct Custody and Clearing

Citi's Direct Custody and Clearing provides asset servicing and transaction functions primarily to intermediaries such
as broker-dealers, banks, fund managers, insurance companies and other global investors through our proprietary
network in over 60 markets. The scale of this network, provided through our own offices and staffed with Citi experts
in each market, sets Citi apart from the competition.
The power of the Citi network
Through our proprietary network, Citi Direct Custody and Clearing delivers the highest standards of technology and
processes, as well as a level of expertise, quality and consistency that is unmatched. Additionally, the market
knowledge and relationships created by such a widespread local presence enable Citi to develop new industry
solutions and help lead the process of change in the securities marketplace.
Our clients benefit from:

Enhanced cut-off times for instructions, cash and corporate actions

Faster responses to queries

The highest straight-through processing (STP) rates in the industry, averaging more than 95%

Regional service centers that deliver consistently high quality in operations, technology and customer
service

Leadership and advocacy with local market regulators and infrastructures

Capabilities and services
Our branch network is backed by a single global processing platform, bringing control and consistency to our clients.
We offer a breadth of services, such as:

Flexible connectivity and information management options

Client-defined reporting

Liquidity solutions, including cash management and liquidity financing

Collateral management and monitoring

CLS settlement capability

Transaction processing, including pre-matching, instruction repair and processing, settlement and clearing,
fails coverage and on-exchange processing

Transaction execution, including order routing and the seamless transfer of settlement instructions between
Citi and the final investor

Flexible partnerships structure through our market memberships: Clearing agent, Settlement agent, paying
agent and/or account operator

Asset servicing, including corporate actions, securities lending, proxy voting and tax reclamation

Middle- and back-office outsourcing

Market leadership and advocacy
We have a long history of shaping and accelerating the process of change in the securities markets infrastructure,
actively participating in key working groups and industry committees in each market in which we are present.
We work closely with the local market infrastructures and we are a sought-after and well-regarded consultant to the
stock exchanges, depositories and clearinghouses. We also work closely with the stock markets, trading platforms
and central counterparties to create a robust, efficient and competitive capital market infrastructure for tomorrow.

Citi is a member of the local market bank associations and regularly works with central banks and regulators to
develop new initiatives in the clearing and settlement area. In this and all of our market advocacy efforts, our goals
are to reduce market risk and improve market transparency and efficiencyto the ultimate benefit of all Citi clients.