Examples of Citibank Canada in a sentence
Cards are issued by Citibank, Canada pursuant to a license from MasterCard International and managed by Citi Prepaid Services.
This document addresses the Basel III Pillar 3 disclosure requirements for Citibank Canada (the “Bank”) and all its subsidiaries.
CDS or its nominee will, upon receipt of any such amount, facilitate payment to the applicable CDS Participants or credit the account of such CDS Participants, in amounts proportionate to their respective interests as shown on the records of CDS.Neither Citibank Canada nor CDS will be bound to see the execution of any trust affecting the ownership of any Note or be affected by notice of any equity that may be subsisting with respect to any Note.
There can be no assurances that, if the Notes were specifically rated by DBRS or S&P, they would have the same rating as the long-term debt obligations of Citibank Canada.
All amounts payable in respect of the Notes will be made available by Citibank Canada on the relevant payment date through CDS or its nominee, or otherwise by cheque or (with the agreement of a Holder) by wire transfer.
See Also, see Special rules below for limits computer or peripheral equipment, and fiber sections 263(i), 616, and 617 for details.
Rank The Notes will constitute direct unconditional obligations and deposits of Citibank Canada.
Management of credit riskCredit risk is one of the most significant risks Citibank Canada faces as an institution.
No Redemption at the option of Citibank Canada or the Holder The Notes are not subject to redemption at the option of Citibank Canada or any Holder prior to the Maturity Date.
The Notes will be issued on an unsubordinated basis and will rank pari passu, as among themselves and with all other outstanding, direct, unsecured and unsubordinated, present and future obligations (except as otherwise prescribed by law) of Citibank Canada, and will be payable rateably without any preference or priority.