Products October 2, 2003

Citibank Brings Pension Compliance System To Web

February 22, 2002 (PLANSPONSOR.com) - Citibank Global Securities Services has upgraded and put on the Web its compliance monitoring system for US pension fund clients, the company said.

Reported by

Camilla Klein

Citibank’s pension compliance monitoring system allows plans to monitor investment managers’ activities to make sure guidelines are followed and to guard against unacceptable risks, the company said.

Citibank said the system sorts violations data by a variety of categories, such as:

· date
· instrument
· asset class
· investment manager
· plan provisions

The compliance monitoring system is part of CitiDirect for Securities, Citibank’s web-based platform that delivers value-added, information-based products and services.

CitiDirect for Securities also offers pension funds customized applications, including fund accounting, performance measurement and risk measurement tools.