Citi has upgraded its Investment Book of Record (IBOR) data delivery service to support middle office clients operating across multiple trading cycles. The so‑called ‘multi-slot’ IBOR solution can be customized to meet the operational needs of individual clients across their front office locations in various regions, particularly informing start-of-day trading positions and cash forecasts globally.
The upgrade provides clients with positions, traded and settled cash, transactions, instrument master data, foreign exchange rates and cash forecast data, driven by regional valuations for listed and OTC assets, and the service also includes a historically correct IBOR (HCIBOR) solution which integrates with existing performance and client reporting services.
“The core strength of our offering is the richness of the data, the speed of delivery, and its flexibility to meet clients’ needs, whilst being order management system, custodian and fund accountant agnostic,” said Pervaiz Panjwani, EMEA head of Custody and Fund Services, in a statement. “With a comprehensive data model, comprised of over 600 unique data elements including OTC supplemental data, backed up by Citi’s extensive control framework, we can support a wide range of investments and facilitate decision making.”
This enhancement coincides with the culmination of multiple years of investment in its middle office platform, a suite of highly automated and integrated capabilities that includes trade processing, asset servicing, OTC valuation and collateral management services, portfolio accounting, and performance and risk reporting.