Citibank money market services are included in the Citibank treasury services along with money transfers and foreign exchange. The Citibank money market covers inter-bank transactions in the form of Spot YLT borrowings and placements with a tenor of one day to twelve months, and FCY and Cash Forward YTL borrowings & placements for over night to three month long tenor, FRA's or forward rate agreements that pre-decide upon the interest rates for future transactions, FX forward agreements (buy or sell some FCY against YTL on some future date at a pre-decided rates), and FCY & YTL Forex swaps.
Citibank money market services include money market accounts plus the money market funds for investments. These customer deposits into the Citibank money market accounts and fund options provide the necessary funding for YTL and FCY of banks. For further information on Citibank money market plus facilities and services and the interest rates on each product, refer to the website mentioned below. For write-ups on Citibank Online banking services and other banking products and services form Citibank India browse through our pages on each. Website:http://www.online.citibank.co.in/
