Managing Global Cash Investments:
The Changing Money Market Environment and Investment Options

Industry experts on Money Markets and senior portfolio managers discussed money market funds, current market conditions, the changing regulatory environment and implications for short-term cash investments.

Below is a summary of key themes and trends in the market:

• Global low rate environment continues, expected to remain until well into 2011
• The SEC and IMMFA have tightened the rules and regulations, including amendments to SEC Rule 2A-7 for Money Market Funds ( http://www.sec.gov/rules/final/2010/ic-29132.pdf)
• Use of bank deposits is strong but investors continue to look closely at counterparties and manage deposits to ensure good access to liquidity
• Companies continue to utilise money market funds as they remain focused on preservation of capital and liquidity
• Some institutional investors have started to shift back to Prime/CP money market funds in search of yield

Supporting Best Investment Practises

• Bank account based investment options for stable investable cash provide asimpleand efficient solution to reduce the operational effort of managing multiple term deposits, without forgoing liquidity or yield.
• Citibank® Online Investments, Citi's award winning investment portal gives clients access to a variety of Money Market Funds and Time Deposits and allows clients to actively manage a short-term investment portfolio with the maximum amount of convenience and efficiency.
• Automated Money Market Sweep is a new channel for investment into multiple money market fund, providing Citi clients daily liquidity and an automatic way to earn income on uninvested cash in the account.

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