Citi Perspectives 2024 E-commerce Edition

Treasury and Trade Solutions citi.com/tts ©2024 Citigroup Inc. Citi, Citi and Arc Design and other marks used herein are servicemarks of Citigroup Inc. or its affiliates, used and registered throughout theworld. The information andmaterials contained in these pages, and the terms, conditions, and descriptions that appear, are subject to change. The information contained in these pages is not intended as legal or tax advice andwe advise our readers to contact their own advisers. Not all products and services are available in all geographic areas. Your eligibility for particular products and services is subject to final determination by Citi and/or its affiliates. Any unauthorized use, duplication or disclosure is prohibited by lawandmay result in prosecution. Citibank, N.A. is incorporatedwith limited liability under theNational Bank Act of the U.S.A. and has its head office at 399 Park Avenue, NewYork, NY 10043, U.S.A. Citibank, N.A. London branch is registered in the UK at Citigroup Centre, Canada Square, CanaryWharf, London E14 5LB, under No. BR001018, and is authorized and regulated by the Financial Services Authority. VATNo. GB 4296256 29. Ultimately owned by Citi Inc., NewYork, U.S.A. Thesematerials are provided for informational purposes only and not as a solicitation by Citi for any products or services. Thematerialsmay includemarket commentary, views and/or opinions based on reasonable analysis of available information. Although the content herein is believed to be reliable, thesematerials and the information herein do not constitute legal, accounting, tax or investment advice, and Citi makes no representation or warranty whatsoever as to the accuracy or completeness of any information contained herein or otherwise provided. 2303935 09/24