Citigroup said it launched a single platform that will provide a full range of middle and back office services to buyers and sellers of over-the-counter derivative securities.
The Global Transaction Services unit of Citigroup Tuesday rolled out OTC Derivatives Service, which consolidates and streamlines the confirmation, settlement, valuation, collateral management, and margin management involved after a trade is executed. The service also provides access to Citi’s global clearing network.
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