Key Documentation

Citi Documents

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Client Documents

  • Authority documents
    • Incumbency and Authorized Signer documents like Corporate Resolution, Trade Register, Power of Attorney or similar authorizing document
    • Authority documents can be referenced to identify the residency of a Legal Entity or country where it was formed or incorporated. If in doubt, client should consult their Legal Department to confirm their residency.
    • Particular authority documents are required for entities incorporated in the following countries
      • Austria
      • Belgium
      • Denmark
      • Finland
      • France
      • Germany
      • Italy
      • Luxembourg
      • Netherlands
      • Norway
      • Sweden
  • Global Authority template and explanatory notes
    • This template is a sample guideline of requirements which can be utilised to delegate banking authority for the following activities:
      • Open, close and transact over an account
      • Add/remove signers and sub delegate to other Corporate signers
      • Bind the organization for the purposes of entering into Cash Management (including Liquidity, Payments, Receivables, Digital Channels, FX and Loans), Trade, and Cards services

      The guideline is acceptable in all countries excluding Panama and Spain.

  • Identity documentation
    • Identification documents for all signers in the firm
    • Tax Form (W-8/W-9), where applicable
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KYC & AML Documents

  • Legal formation documents such as Articles of Incorporation, bylaws, partnership agreements and other similar formation documents
  • Beneficial owners and percentage of ownership, names of senior officers and contact information
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Citi is pleased to introduce Documentation 2.0 as a part of your onboarding experience. The new Documentation 2.0 package further streamlines onboarding documents and centralizes essential terms into a simplified structure, eliminating local country terms wherever possible. The transformed documentation package is outlined below:

  • All legal and commercial terms for Cash Management Services are found in:
    • The Master Account and Service Terms (MAST) and Confidentiality and Data Privacy Conditions (CDPC) for all accounts and services globally
    • Supplemental country terms to the MAST and CDPC in a Country Addendum in 42+ countries
    • Supplemental Service Terms for a limited number of Services
  • Security Procedures and other User Materials, e.g. Cash Management User Guide
  • Universal Onboarding Form available through CitiDirect BE® Digital Onboarding as well as offline

As of November 11, 2022, these new standards are live in 90 markets replacing the legacy documentation. The new Terms will be applicable to new account openings and any existing accounts in the market where the new account is being opened. To benefit from the new documentation by updating all of your current accounts, please contact your Citi representative.

For more information on Documentation, click here

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