J.P. Morgan Launches Collateral Management Solution in Partnership with the Hong Kong Monetary Authority

Hong Kong, March 13, 2012 - J.P. Morgan Worldwide Securities Services has today announced it will launch an innovative repo financing collateral management platform, which has been developed in partnership with the Hong Kong Monetary Authority (“HKMA”), with a view to enhancing financial stability and providing secured channels for liquidity provisions to the financial markets in Hong Kong.

The new repo financing program will facilitate repo financing transactions between members of Hong Kong’s Central Moneymarkets Unit (“CMU”) and international financial institutions. The program enhances services currently provided to CMU members who will be able to accept a broad spectrum of international securities lodged with J.P. Morgan and other international securities depositaries as collateral. Additionally, international financial institutions, by entering into repo financing transactions with CMU members, will obtain access to liquidity for offshore CNY, EUR, HKD and USD in Hong Kong.

To support this new program, J.P. Morgan has developed and will launch an innovative collateral management solution. J.P. Morgan will leverage its leading edge, efficient and scalable platform to efficiently manage the end-to-end flow of repo activity between CMU members and international financial institutions operating regionally or anywhere around the world.

Kirit Bhatia, Head of Technical Sales, Asia ex-Japan, J.P. Morgan Worldwide Securities Services, said: “We are delighted to have partnered with the Hong Kong Monetary Authority for this important step in the development of Hong Kong’s capital markets infrastructure. This collaboration is testament yet again to J.P. Morgan’s continued leadership in delivering truly global securities financing and collateral management solutions.”

Esmond Lee, Executive Director, Financial Infrastructure Department, Hong Kong Monetary Authority, added: “With the launch of this repo financing program, we have taken a step forward in the development of Asia’s capital markets. Hong Kong will certainly benefit since this will help provide more local liquidity to market players in a secured manner and contribute to enhancing the financial stability of Hong Kong.” 

About J.P. Morgan Worldwide Securities Services
J.P. Morgan Worldwide Securities Services (WSS) is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. A division of JPMorgan Chase Bank, N.A., WSS leverages the firm’s global scale, leading technology and deep industry expertise to service investments around the world. It has $16.9 trillion in assets under custody and $7.2 trillion in funds under administration. For more information, go to www.jpmorgan.com/wss.  

About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.