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Products March 3, 2009
Citi Enhances Services to Help with FAS 157 Reporting
March 3, 2009 (PLANSPONSOR.com) - Citi has enhanced
its custody and investor services capabilities with new
online reporting functionality to help clients address the
regulatory reporting requirements of the Financial Accounting
Standards Board Statement 157 (FAS 157).
Reported by Rebecca Moore
“These new enhancements increase transparency and allow clients to manage their portfolio holdings more efficiently than before,” Citi asserted in its announcement. The enhancements include addressing the fair value requirements for investments and generating disclosures with control and detail.
As a part of the upgrade, Citi’s investment analytics reporting tool, Treasury Analytics, will generate required FAS 157 disclosures and integrate FAS 157 with daily compliance, risk, accounting and performance reporting in an automated and auditable process.
Treasury Analytics is available through Citi’s Web portal, CitiDirect for Securities, and can be coupled with other services for investor and corporate clients.
More information is at www.citi.com .