Citi expands pact with Korea Securities Depository
The pact allows for daily turnaround investment services for securities firms and investors in Korea that trade in the US market.
Citi Securities and Fund Services, a division of the bank's global transaction services, has expanded its agreement with the Korea Securities Depository (KSD) to support a daily turnaround investment service to include the US market.
Under the expanded agreement, Citi will provide securities settlement services for turnaround trades of the US market that are executed by securities firms and investors in Korea. The enhanced offering by the KSD marks the first time that the service has…
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