Citigroup Global Transaction Services says it can now offer banks access to real-time, multibank, multicurrency Nostro account data through the single log-on industry-wide system developed by Cable & Wireless. The system aggregates transaction data from foreign exchange clearing banks and distributes it, through a centralized secure network, to foreign exchange agents and account holders.
Citigroup’s international branches can now provide foreign exchange transaction details to the Cable & Wireless Real-Time Nostro (RTN) system and offer Citibank’s clients access to their Nostro accounts via the system.
“We are committed to using technologies and standards that allow us to deliver value to clients. Providing data through Cable & Wireless Real-Time Nostro is an example of that commitment,” said Conrad Steinmann, Vice President, Citigroup Global Transaction Services.