The Citco Group's Banks are the recognized world leaders in custody and fund trading for financial institutions and fund of funds, offering unrivaled expertise in the execution, settlement and custody of funds from strategic centers in The Netherlands, Switzerland , Canada, Ireland, Luxembourg, Curacao, the Bahamas and Cayman Islands.
The Banks provide an integrated service platform across banking and custody tailored to the needs of banks, financial institutions and funds of funds. They currently have more than US$ 200 bn of combined assets under custody representing more than 40,000 funds. The Citco Banks have developed a range of services to alleviate clients' administrative burdens, leaving them free to concentrate on their core business.
The Citco Group's Banking and Custody Division leverage a straight-through processing (STP) approach to managing transactions, from trade placement to settlement. This is critical in ensuring the effectiveness, efficiency and controlled processing of clients' transactions. Additionally, by providing clients with clear visibility into the entire transaction processing lifecycle, optimum levels of accuracy and efficiency are maintained, while at the same time providing clients the peace of mind in knowing the exact status of their transactions. The "Global Workspace Systems Capability" is an example of a system that provides clients with the ability to create customized viewing windows into our business workflows in order to clearly visualize the entire transaction cycle. Access is provided through a safe and secure web-based facility that ensures timely access to information.
The Citco Banks' custody services cover the entire trading, clearing, settlement and custody life-cycle: locating funds, placing subscriptions/redemptions, completing paperwork and registering funds, addressing corporate actions, providing online real-time statements of holdings and statements of transactions. Through their unique online trading and custody platform, CitcoFundsNet, the Banks offer institutions and funds of funds unlimited access to online trading, as well as tailored reporting.
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