ChemConnect taps Citigroup for payments

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San Francisco--ChemConnect Inc. on Nov. 7 said it Citigroup's Citibank e-Business unit will provide financial services for its World Chemical Exchange. Services to be offered include credit facilities, escrow and foreign exchange. Citibank's CrossMar Inc. clearing service will provide the exchange's more than 11,000 members the infrastructure to tap the financial services required to complete transactions initiated via the ChemConnect marketplace.
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