Citi win City of Fort Worth securities lending mandate
10 May 2011 New York
Image: Shutterstock
Citi have been awarded a mandate to provide third-party securities lending to the City of Fort Worth, Texas.
Timothy Douglas, Global Head, 麻豆传媒 Finance, Citi Global Transaction Services said, 鈥淲e are very pleased to deliver our securities lending solutions to the City of Fort Worth. The Treasury specialists in the Finance Management Services Department there recognized the market-tested benefits of a structured third party agent securities lending program to help them improve their portfolio performance, offset their operational expenses and generate liquidity.鈥�
Citi offers securities lending through OpenLendSM, which represents the next generation of securities finance. OpenLend is an open architecture securities lending solution that provides clients with a customized service that is designed to enhance portfolio performance by delivering solutions that leverage Citi鈥檚 key strengths: innovative services, best-in-class operation model, flexibility, global network and experience.
Timothy Douglas, Global Head, 麻豆传媒 Finance, Citi Global Transaction Services said, 鈥淲e are very pleased to deliver our securities lending solutions to the City of Fort Worth. The Treasury specialists in the Finance Management Services Department there recognized the market-tested benefits of a structured third party agent securities lending program to help them improve their portfolio performance, offset their operational expenses and generate liquidity.鈥�
Citi offers securities lending through OpenLendSM, which represents the next generation of securities finance. OpenLend is an open architecture securities lending solution that provides clients with a customized service that is designed to enhance portfolio performance by delivering solutions that leverage Citi鈥檚 key strengths: innovative services, best-in-class operation model, flexibility, global network and experience.
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