A press release entitled, "Citi launches new Sustainable Time Deposit Solution to support U.​S. Institutional Clients" tells us, "Citi has announced the launch of a new sustainable time deposit solution designed to assist U.​S. institutional clients when investing excess cash while supporting their sustainability goals. Citi'​s new Sustainable Time Deposit (​TD) will deliver competitive yields and supports projects identified under Citi'​s green and social bond frameworks, expanding the program launched in Europe, the Middle East and Asia last year." Stephen Randall, Global Head of Liquidity Management Services, for Citi Treasury and Trade Solutions, comments, "​Finance and treasury teams are playing an increasingly strategic role in helping their firms to support their sustainability and environmental, social and governance (​ESG) goals. Our new Sustainable Time Deposit solution reflects Citi'​s commitment to providing tools that help our clients reach their goals with their own organizations and their communities." The release continues, "Funds deposited into Sustainable TDs are allocated toward financing or refinancing assets in a portfolio of eligible green and/​or social finance projects, based on criteria set in the Citi Green Bond Framework, Social Finance Bond Framework and Social Bond for Affordable Housing Frameworks, including projects for renewable energy, energy efficiency, water quality, and conservation as well as in social projects that expand financial inclusion for women and traditionally under-​represented communities. Michael Fossaceca adds, "The expansion of our sustainable product suite is an important step toward providing comprehensive sustainable cash management solutions to our clients. We are excited to bring this capability to our clients in the U.​S."

Your Name:
Your Email:
Recipient Email(s):

Use a comma or a semicolon to separate

Please retype symbols from the image:

Optional Message

Daily Link Archive