Citi Indonesia & BII team up for securities & fund services
Strategic Partnership to Strengthen BII’s Custody Business as a Global Player Citi Indonesia and PT Bank International Indonesia, Tbk. (BII) have announced a strategic partnership. In Indonesia, BII has appointed Citi Global Transaction Services as its custodian bank to provide safekeeping and transaction handling of debt instruments in offshore markets.
Under the terms of the appointment BII can enter into and settle its custodial transactions in Europe and the United States markets, through Citi Indonesia’s Securities and Fund Services’ (SFS) direct access to both the Euroclear and Clearstream global central securities depositories.
– www.theasianbanker.com (May 9 2008)–
— www.theasianbanker.com (May 9 2008)–