TO THE ORDER OF BANK OF CITI N.A.

Business Nature: Financial Institution (Bank)

Company Overview:

Citibank N.A. Vietnam is a branch of the global financial services corporation Citibank. It provides a comprehensive range of corporate and investment banking services to multinational corporations, large local enterprises, financial institutions, and the public sector in Vietnam. It facilitates international trade, cash management, and cross-border financial transactions.

Classification:

This entity is neither a factory nor a trading company. It is a multinational financial institution that provides banking services and trade finance solutions to support businesses. The phrase "TO THE ORDER OF BANK OF CITI N.A." typically appears on financial instruments like Bills of Lading or Letters of Credit, indicating that the bank holds the title to the goods or is the beneficiary of the payment as part of a trade finance arrangement.

TO THE ORDER OF BANK OF CITI N.A. is not a manufacturing or sales company, but rather a standard banking designation used in international trade documents.

In the context of a Bill of Lading or a Letter of Credit, this phrase indicates that the title to the goods is held by Citibank N.A. until the terms of the financial transaction are satisfied. It represents the financial institution that is financing the shipment or holding the collateral, rather than the entity producing or selling the physical goods.

Therefore, this entity does not produce or sell products. It acts as a financial intermediary to ensure payment security for exporters and importers.