Citicorp roll-out of the Custody+host solution and real-time processing of asset services using SEP technology

The Citi Investment Services roll-out of the hosting solution package, Custery+, which has achieved real-time processing of asset services in the United States through Single Event Processing (SEP) technology, reducing the processing time for voluntary corporate behaviour by up to 92 per cent. According to Business Wire, 96 per cent of United States voluntary incidents were completed within two hours, and more than 80 per cent were processed in real time. Custody+ covers such functions as real-time asset services, instant settlement, demand-based foreign exchange, real-time cash and liquidity management, AI-driven tax acceleration and market intelligence, and access to data to clients through cloud and API。