Citibank, Solution for Depository Activity Automation
Stockholm, Nov 11, 2015. CMA has announced today that DEPO/X system developed by CMA was launched in production at JC CB “Citibank”, subsidiary of Citi Group. Main goals of the implemented system are: depository accounting in accordance with Russian legal regulations, based on data submitted by Citi’s depository accounting system, processing of corporate actions information, tariffing of depository services, formation of depository reporting for clients, regulator (Central Bank of Russia), internal controllers and analysts.
Implemented solution is fully integrated with Citibank’s infrastructure and provides necessary integration for Citi’s regional systems: depository accounting system, corporate actions conduct system, corporate data storage system, broker activity automation system, general ledger accounting system, audit and controller systems.