J.P. Morgan Introduces Daily Portfolio Reconciliation for Derivatives Collateral Management

Secure FTP transmission enhances data security

Osaka, October, 25, 2012 – J.P. Morgan’s Agency Clearing, Collateral Management and Execution (ACCE) business, a unit of the Corporate & Investment Bank, today announced that it has introduced daily portfolio reconciliation for its derivatives collateral management clients. The product is available through ACCE’s ongoing partnership with TriOptima, provider of the market’s leading derivatives portfolio reconciliation service, triResolve. J.P. Morgan utilizes secure FTP technology to exchange trade files, becoming the first collateral agent to offer this additional level of security to its clients.

John Rivett, Global Collateral Management Business Executive for ACCE, said, “Daily portfolio reconciliation minimizes delays in identifying valuation differences, trade booking errors and other potential discrepancies. This lessens the likelihood of disputes and helps clients accelerate the resolution of any potential queries.”

J.P. Morgan was an early adopter of portfolio reconciliation services, first offering it to clients in June 2008 to augment its innovative end-to-end derivatives collateral management solution.  In accordance with ISDA best practice, portfolio reconciliation is a critical tool for managing risk. It has become even more essential given heightened global regulatory pressures and a more complex market model where some derivatives trades will be centrally cleared while others remain bilaterally traded.

As part of its market-leading, enterprise-wide global collateral management solutions service, J.P. Morgan supports nearly 70 global institutions which actively trade and collateralize derivatives and manages more than 5,000 Credit Support Annexes.  To learn more about J.P. Morgan’s innovative collateral management solutions, visit www.jpmorgan.com.

J.P. Morgan’s ACCE is comprised of businesses previously housed within J.P. Morgan Worldwide Securities Services and Investment Bank.

About J.P. Morgan’s Corporate & Investment Bank
J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18.2 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.  Further information about J.P. Morgan is available at www.jpmorgan.com.