The Local Markets Unit is comprised of the following:
As an authorized dealer in foreign exchange, the Bank competes with other authorized dealers and cambios for the purchase of hard currency from exporters and other holders of foreign currency in order to sell to clients in satisfaction of their import and remittance requirements. Available currencies are:
Money Market includes Placement, Borrowing, CDs, Treasury Bills and Open Market Operations (OMOs)
The Money Market activities include managing local currency, funding and investing. In pursuance of this, the Bank invests in short and medium term Government and Central Bank debt securities. It is also responsible for managing Foreign Currency Funding.
Citi offers a full range of derivative products, which include interest rate swaps and options, currency swaps and options, and energy (oil & gas) derivatives. Also offered, are structured notes with embedded options for investors.