Citi will offer segregated collateral account

04/9/2013 | Trade News (U.K.), The

Citigroup is preparing to offer a segregated collateral account in response to a requirement that some firms establish such an account with central counterparties for over-the-counter derivatives trades. "The possibility that every OTC relationship may need collateral accounts under new regulations has driven client demand for more efficient solutions," said Chandresh Iyer of Citi. The company plans to use its expertise to help clients streamline and manage the collateral process, Iyer says.

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