Payables

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Reference Accounts

Expand your institution's global cash management capabilities and strengthen corporate client relationships without major capital expense. Corporations are looking to financial institutions for help expanding their businesses to local markets and simplifying their operations internationally.

Your institution can open Reference Accounts with J.P. Morgan to support the needs of your corporate clients, providing you with the account services where your institution does not have access to local markets and clearing systems. Reference Accounts contain "references" to your corporate clients for purposes of identification, but do not require your clients to open a new account directly with J.P. Morgan.

How you benefit:

Open currency accounts around the world to assist clients with their payables and receivables, while gaining the reliability, consistency and speed of J.P. Morgan's Network
Eliminate the expense of developing in-country resources and technologies. Help clients reduce cross-border payment fees and charges and simplify their settlement instructions for collections
Gain a competitive advantage by leveraging J.P. Morgan's ongoing investment in global technology and infrastructure