Holding up a mirror (TT Dec06 p32-33)

The Treasurer December 2006

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Citigroup’s own treasury department is split into two: a risktaking profit centre and a largely non-risk-taking cost centre. The latter has four key functions, including managing Citigroup’s FX exposures. As a global company with operations in more than 100 different countries, Citigroup’s global presence creates FX exposures in three key ways.

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