The only risk associated with Simple Guaranteed is the unlikely event that our banking provider Citibank N.A., Singapore Branch was to go insolvent. However, Citibank is one of the top 3 largest banks globally. As a Global Systemically Important Bank (G-SIB), Citibank is subject to stringent regulations, higher supervisory expectations, and a requirement to maintain a higher level of capital, ensuring it can meet its obligations to depositors even in times of financial stress.