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March 1, 2013

Euroclear- CitiAlliance

By Editorial Staff

Euroclear and Citi will jointly offer a collateral management arrangement in which assets held at both institutions will be available for use as collateral through the Euroclear Bank, officials of the two organizations said at presstime.

Euroclear officials said equity and fixed-income positions held within Citi will become eligible to be used as collateral when Euroclear Bank is an agent and manages the collateralization process. Under the alliance, Citi will continue to hold assets as the custodian while the assets move across markets and time zones through the Euroclear system.

 

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