Citigroup (C)

CORPORATE CREDIT RISK

For corporate clients and investment banking activities across Citigroup, the credit process is grounded in a series of fundamental policies, including:

The following table represents the corporate credit portfolio, before consideration of collateral, by maturity at December 31, 2008. The corporate portfolio is broken out by direct outstandings which include drawn loans, overdrafts, interbank placements, bankers’ acceptances, certain investment securities and leases and unfunded commitments which include unused commitments to lend, letters of credit and financial guarantees.

CORPORATE CREDIT RISK

For corporate clients and investment banking activities across Citigroup, the credit process is grounded in a series of fundamental policies, including:

The following table represents the corporate credit portfolio, before consideration of collateral, by maturity at December 31, 2008. The corporate portfolio is broken out by direct outstandings which include drawn loans, overdrafts, interbank placements, bankers’ acceptances, certain investment securities and leases and unfunded commitments which include unused commitments to lend, letters of credit and financial guarantees.

CORPORATE CREDIT RISK

For corporate clients and investment banking activities across the organization, the credit process is grounded in a series of fundamental policies, including:

The following table represents the corporate credit portfolio, before consideration of collateral, by maturity at December 31, 2007. The corporate portfolio is broken out by direct outstandings (which include drawn loans, overdrafts, interbank placements, bankers’ acceptances, certain investment securities and leases) and unfunded commitments (which include unused commitments to lend, letters of credit and financial guarantees).

CORPORATE CREDIT RISK

        For corporate clients and investment banking activities across the organization, the credit process is grounded in a series of fundamental policies, including:

•

joint business and independent risk management responsibility for managing credit risks;



•

single center of control for each credit relationship that coordinates credit activities with that client;



•

portfolio limits to ensure diversification and maintain risk/capital alignment;



•

a minimum of two-authorized credit officer-signatures are required on extensions of credit—(one from a sponsoring credit officer in the business and one from a credit officer in independent credit risk management);



•

risk rating standards, applicable to every obligor and facility; and



•

consistent standards for credit origination documentation and remedial management.

CORPORATE CREDIT RISK

For corporate clients and investment banking activities across the organization, the credit process is grounded in a series of fundamental policies, including:

The following table represents the corporate credit portfolio, before consideration of collateral, by maturity at December 31, 2006. The Corporate portfolio is broken out by direct outstandings (which include drawn loans, overdrafts, interbank placements, banker’s acceptances, certain investment securities and leases) and unfunded commitments (which include unused commitments to lend, letters of credit and financial guarantees).

CORPORATE CREDIT RISK

        For corporate clients and investment banking activities across the organization, the credit process is grounded in a series of fundamental policies, including:

•

Joint business and independent risk management responsibility for managing credit risks;



•

Single center of control for each credit relationship that coordinates credit activities with that client;



•

Portfolio limits to ensure diversification and maintain risk/capital alignment;



•

A minimum two-authorized credit officer-signature requirement on extensions of credit—one from a sponsoring credit officer in the business and one from a credit officer in independent credit risk management;



•

Risk rating standards, applicable to every obligor and facility; and



•

Consistent standards for credit origination documentation and remedial management.

CORPORATE CREDIT RISK

        For corporate clients and investment banking activities across the organization, the credit process is grounded in a series of fundamental policies, including:

•

Joint business and independent risk management responsibility for managing credit risks;



•

Single center of control for each credit relationship that coordinates credit activities with that client;



•

Portfolio limits to ensure diversification and maintain risk/capital alignment;



•

A minimum two-authorized credit officer-signature requirement on extensions of credit—one from a sponsoring credit officer in the business and one from a credit officer in independent credit risk management;



•

Risk rating standards, applicable to every obligor and facility; and



•

Consistent standards for credit origination documentation and remedial management.

        The following table represents the corporate credit portfolio, before consideration of collateral, by maturity at December 31, 2005. The Corporate portfolio is broken out by direct outstandings (which include drawn loans, overdrafts, interbank placements, banker's acceptances, certain investment securities and leases) and unfunded commitments (which include unused commitments to lend, letters of credit and financial guarantees).

CORPORATE CREDIT RISK

        For corporate clients and investment banking activities across the organization, the credit process is grounded in a series of fundamental policies, including:

•

Ultimate business accountability for managing credit risks;



•

Joint business and independent risk management responsibility for establishing limits and risk management practices;



•

Single center of control for each credit relationship that coordinates credit activities with that client, directly approves or co-approves all extensions of credit to that client, reviews aggregate exposures, and ensures compliance with exposure limits;



•

Portfolio limits, including obligor limits by risk rating and by maturity, to ensure diversification and maintain risk/capital alignment;



•

A minimum two-authorized credit officer-signature requirement on extensions of credit—one from a sponsoring credit officer in the business and one from a credit officer in independent credit risk management;



•

Uniform risk measurement standards, including risk ratings, which must be assigned to every obligor and facility in accordance with Citigroup standards; and



•

Consistent standards for credit origination, measurement and documentation, as well as problem recognition, classification and remedial action.

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        These policies apply universally across corporate clients and investment banking activities. Businesses that require tailored credit processes, due to unique or unusual risk characteristics in their activities, may only do so under a Credit Program that has been approved by independent credit risk management. In all cases, the above policies must be adhered to, or specific exceptions must be granted by independent credit risk management.

        The following table presents the corporate credit portfolio, before consideration of collateral, by maturity at December 31, 2004. The Corporate portfolio is broken out by direct outstandings, which include drawn loans, overdrafts, interbank placements, banker's acceptances, certain investment securities and leases, and unfunded commitments which include unused commitments to lend, letters of credit and financial guarantees.