CitiDirect for Payments, Collections, Trades

Date 22/05/2009
CitiDirect® Online Banking

CitiDirect - Connecting Customers to the Web

■ Global online banking delivery platform Web-enabling Citibank’s
products and services
■ Provide a single consistent electronic access channel
■ All Cash & Trade products and services
■ Single sign-on for all Corporate Bank services
■ Services offered at all locations
■ Integrated with customers’ applications and processes

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CitiDirect® Online Banking

CitiDirect – Products offered

■ Payments Payments through CitiDirect® Online Banking provides
you with the convenience of a broad range of Payment Methods and
real-time access to important transactional information.

■ Collections CitiDirect Online Banking provides timely receipt of

funds and improved credit monitoring with access to real-time
information for streamlined processes and maximum flexibility

■ Trades To help you manage cash flows more efficiently,

knowledgeable trade and finance specialists will work with you to
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CitiDirect for Payments
Payment Types

■ Paper Based
– Cheques
– Managers Cheques any Citi draft is known as manager’s cheque.
– Demand draft.

■ Electronic

NEFT RTGS A2A CBFT

Enables the user to Same as NEFT Payment from one Enables the user to
make payments from But RTGS is primarily for citi account to make payments
Citi account to any large value transactions. another citi account. abroad.
other bank account The minimum amount to
be remitted through RTGS
is Rs.1 lakh.

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CitiDirect for Payments
Payment Entry into the system
■ Manual Input Here the customer needs to manually feed in the details
to make a payment.

■ Preformat Citi provides a feature known as Preformat where in the

customer can save a payment made as a template. So every time he is
not required to punch in the details, all he needs to do is pull out the
saved template change the amt and hit the payment button.

■ Bulk Upload Customer provides Citi with the payment data saved in a
file. Citi’s bulk upload module uploads this file into the system with the
help of the convertors (citi’s application to convert the files in a specific
format). Once the bulk upload is done by the user. The data is uploaded
and resides in the checkers tray. Only when the checker (authorizer)
authorizes the data then only the payment goes in for processing. Paylink
accepts all the transaction coming from CitiDirect . It acts as an interface
CD Pay-Link CPC
between CitiDirect ,Cheque Processing Centre ,Flex Cube. All the audit of
the transactions takes place in Paylink.
Flex

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CitiDirect for Payments
Payment Entry into the system

■ Host to Host (H2H) There may be a case where in the customer is not
interested in using the CitiDirect portal. Here the CFX (Citi file exchange)
acts as a back bone. CFX enables the customer to push the files into
CitiDirect via ftp or IP.

■ SMIME Another feature provided by CitiDirect that enables the user to

encrypt files (to ensure security) that are to be uploaded. Philips/Idea is
some of the customer that uses this channel for making payments.
SMIME

User Sends Normal/Encrypted files

CFX

Citi Direct

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CitiDirect Capabilities
Payment Entry into the system

■ Reports A CitiDirect user can view and download reports.

■ AFRD  Automated File Report Delivery. A feature that enables the user to get
the reports delivered into his inbox without the hassle of logging into the system
and downloading it. These files sent via email are password protected to ensure
security.

■ Export An option that allows the user to download the reports in a specific
format that is recognized by his system( SAP/ERP) so that he can upload these
downloaded files into his system for reconciliation purpose.

■ Event Notification CitiDirect ensures that every debit or credit in his account
is notified to the customer via an email by Event notification module. This is a real
time based since on every transaction the user gets notified.

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CitiDirect for Collections
CitiDirect Online Banking provides timely receipt of funds and improved
credit monitoring with access to real-time information for streamlined
processes and maximum flexibility.

Any kind of utility bill collections , dealer bill collections etc.

Vodafone
• CT Clear Client deposit Cheques in the CT bank itself.
They will go for local clearing.
Centralized
CB
• CT Speed Tie up with correspondent bank.
• CT anywhere  Takes time due to remote location.
• CT Cheque Outstation Hubs for processing and clearing.

A B C D

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CitiDirect for Trades
Trade means The commercial exchange (buying and selling on domestic or international markets) of goods &
services

Trade Products offered by CITIDirect

■ Open Account A mode of payment whereby the shipping documents

are sent by the exporter directly to the importer, without coursing the
documents through the banks, upon the buyer’s promise to pay at some
future date after shipment.

■ Documentary Collections  Seller sends documents thru his banker to

buyer’s bank.

■ The Letter of Credit

– is a conditional bank undertaking of payment
– is an arrangement by banks to facilitate and settle international trade
– provides a form of security to the parties involved
– ensures payment provided the terms and conditions of the credit have
been fulfilled
– payment is based on DOCUMENTS ONLY

■ Bank Guarantee It’s similar to LC but here the bank gets involved only
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CitiDirect System Requirements

■ JRE 5.0 updates 10

■ Browser – Internet Explorer only above 5.5

■ Safe word /desk gold card – To generate Password. This card isn't

transferrable

■ 4 digit pin to login into the system.

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