J.P. Morgan Selected by the Government of Canada For Expanded Derivatives Collateral Management Services

NEW YORK, March 10, 2010 – J.P. Morgan Worldwide Securities Services today announced that it has been selected by the Government of Canada to provide an expanded set of collateral management services for derivatives. A derivatives collateral management client since March 2002, the Government of Canada also utilizes the firm’s treasury management and derivatives trading services.

Darren Measures, clearance & collateral management sales head for J. P. Morgan, said: “We are very pleased to extend our relationship with the Government of Canada.  In a market where credit risk mitigation is the focus of industry attention, J.P. Morgan continues to lead the market in derivatives collateral management outsourcing based on our business knowledge, reputation in derivatives, and collateral management expertise.”

Having introduced the industry’s first end-to-end collateral management solution for OTC derivatives service in 2005, J.P. Morgan now manages balances of over $70 billion in collateral on behalf of more than 40 clients.

J.P. Morgan’s collateral management solutions enable clients to better reduce their counterparty credit risk through effective and efficient collateralization.  For OTC derivatives, services include Credit Support Annex (CSA) management, margin demand, agreement and dispute management, automated OTC portfolio reconciliation, collateral eligibility testing, valuation and agreement, collateral settlement instruction and safekeeping, re-hypothecation, substitutions management, cash reinvestment and asset servicing. For more information about J.P. Morgan’s collateral management solutions, please visit www.jpmorgan.com/ccm. 

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 J.P. Morgan Chase Bank, N.A. (NYSE: JPM), WSS leverages the firm’s unparalleled scale, leading technology and deep industry expertise to service investments around the world. It has $14.9 trillion in assets under custody and $6.5 trillion in funds under administration. For more information, go to www.jpmorgan.com/visit/wss.  

About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM), is a leading global financial services firm with assets of $2.0 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.