Our company''s US Dollar Commercial Payment solution set provides financial institutions with an international commercial payments offering that enables you to better serve your clients. Our company''s commitment to the payments market is underlined by our continued investment in technology and our constant drive for optimum operational reliability, flexibility and performance. Through the automation of transactions, costs and errors have been significantly reduced. For US dollar transactions, Our company has one of the highest straight-through rates in the industry. Financial Institutions are increasingly looking for liquidity management solutions such as pooling, concentration services and investments. This enables International Bankers to better manage their global account balances in order to maximize returns and minimize foreign exchange risk. Our company has long been recognized as a leader in liquidity management solutions and continues to be at the forefront, offering solutions tailored to meet the ever-changing demands of today''s International Banker. Our company''s automated processes capture and deliver various levels of information, ensuring that you have access to the details you require regarding your global account positions. Whether you need a local liquidity management or a regional treasury management solution.

Because asset-backed securities represent rights to future cash flow from the underlying collateral, they offer investors the benefits of high credit quality as well as yield enhancement. Our company has led the market in securitizing assets including mortgages, home equity loans, credit card receivables, trade receivables and auto loans through structures such as bonds, notes, commercial paper, Euronotes, Eurobonds, certificates of deposit, pass-through and pay-through securities and property income certificates. We also serve as trustee, registrar and paying agents on the securities. Global Equipment Finance When "use" of a fixed asset is more important to your company than "ownership" of it, Our company will help you get the equipment you need in a manner that keeps your working capital working while creating tax and accounting advantages. Our experience covers a wide range of leasing and equipment finance transactions, including general equipment and vehicle master lease programs, vendor programs, secured franchise financing, and dealer financing, as well as leasing programs for ships and rail cars.

Most of the leases are for a substantial part of the equipment''s useful life, and therefore the lessee needs to be very credit-worthy. Often the lessor will be in different jurisdictions than the lessee, and Citicorp will determine the optimum jurisdiction after taking into consideration the tax impact on the lessee of entering into the transaction. Principal investor jurisdictions include the U.S., Germany, Japan, the U.K. and France. Since leases are treated in many countries as off balance sheet finance, Citicorp has also designed some shorter term lease structures which we intended to be treated as leases for accounting purposes, but may be loans for tax purposes. Such leases allow a company to raise 100% finance, pay low rentals and have an option to acquire the equipment in the future at a predetermined price. This will result in an improvement in the income statement without a balance sheet impact. There will be some disclosure of lease rates which rating agencies will use to increase liabilities.

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