New York: According to the bank, Citi is thefirst to offer an intercompany lending management solution as partof its on-line banking package and becomes immediately availableglobally across the Citi footprint of over 160 countries, as withall other TreasuryVision functionality. Since its release,TreasuryVision has been recognized by the industry as an innovativesolution for clients having been named the Alexander Hamilton –Tool of the Year from Treasury & Risk magazine andApplication of the Year by The Banker, among others.

TreasuryVision is a web-based treasury management platform thatprovides a single window for global visibility into aggregatedaccount information for cash, investments and debt. Corporationsuse it to view cash positions, create cash flow forecasts andmanage global liquidity and counterparty risks moreeffectively.

The new TreasuryVision Intercompany Lending Management Moduleallows treasury departments to centralize activities related tointercompany lending between legal entities. By capturing fundingactivity in one globally accessible on-line system, it alsostreamlines the tracking and reporting of financial flows and makesit easier to control and monitor related activities.

TreasuryVision provides clients with on-line reporting on theirautomated global concentration and notional pooling activitythrough Citi's Global Liquidity & Investments services. Withthis new module, corporations can now also process internallymanaged intercompany funding activity through TreasuryVision.

“Intercompany lending is an important source of funding forglobal firms. A well-run program gives a company greater controlover funding sources, tax liabilities, repatriation and foreignexchange exposures, all of which reduce its risk profile.” saidElyse Weiner, Global Head of Liquidity and Investments with Citi'sGlobal Transaction Services.

The key features of the Intercompany Lending Management moduleinclude, but are not limited to, providing users with the abilityto:

Manage internal counterparty exposures by setting lending andborrowing limits between entities

• Initiate loans in any currency to accrue at defined rates, daybasis, accrual methods, etc
• Maintain withholding tax rates to calculate taxliabilities
• Approve and monitor loan requests and amend terms online
• Centralize and manage data on legal structures, theirfunctional currencies, fiscal-year, percentage of ownership, andmore
• Store loan-related and other documents for easy retrieval
• Maintain an audit trail to support compliance tracking

“This new service provides a well-defined loan managementprocess. It simplifies the complexities of coordinating even themost elaborate cross-border lending activities, without requiringan investment in technology,” reports Cindy Gerhard, Global Head ofTreasuryVision with Citi's Global Transaction Services. “Iteliminates less efficient tracking via spreadsheets and off-linearchives of loan agreements” she said.