J.P. Morgan Teams with SWIFT in Support of Open Architecture eBAM Standards

Corporate Clients to Benefit from Streamlined Management of Global Bank Accounts and Improved Security and Auditing Capabilities

NEW YORK, April 27, 2010 - J.P. Morgan today announced that it is teaming with SWIFT in support of delivering open architecture Electronic Bank Account Management (eBAM) standards to its corporate clients. With this announcement, J.P. Morgan becomes one of the first banks to advocate the adoption of the ISO 20022 eBAM standard across the industry. The ISO 20022 eBAM standard streamlines the management of global bank accounts, especially valuable to multinational businesses that are managing hundreds of accounts across several banking relationships.

SWIFT's eBAM initiative establishes a standard, electronic format designed to facilitate the account management and audit activity between a financial institution and its clients. Clients are able to open, maintain and close accounts electronically across its multiple banking partners, thereby reducing manual paper-based processes and improving security and controls through audit reporting of account management activity. Clients benefit from faster processing, accelerated response times and increased visibility into banking processes.

J.P. Morgan already has implemented eBAM for its clients that connect directly with the bank, thus eliminating the exchange of paper requests and replacing the need for 'wet' signatures. This model has proven to be cost effective and efficient for all participants.

"SWIFT's eBAM initiative holds tremendous market value as a standard for J.P. Morgan, clients and vendors, and works best with industry security models such as SWIFT Digital Interoperability and open standards," said Lloyd O'Connor, managing director, J.P. Morgan Treasury Services. "J.P. Morgan sees eBAM as an important element to addressing the multi-bank interoperability needs of clients and we support the increased openness of the banking community toward bank agnostic channels. We believe it's a natural evolution of the industry."

Luc Meurant, Head of Banking, Supply Chain and Corporate Markets, SWIFT added: "EBAM is a addressing a business area where paper and fax still rule. SWIFT expects this solution to facilitate automation, efficiency and cost reduction, both for banks and corporates. In combination with personal digital signatures, it has the potential to change the future of corporate bank account and mandate management."

As a founding member of SWIFT's eBAM working group, J.P. Morgan has played a key role in advancing the development of eBAM standards. J.P. Morgan has demonstrated leadership in schema development, the submission of standards for ISO review and ongoing technical evaluation.

About J.P. Morgan Treasury Services
The Treasury Services business of J.P. Morgan is a top-ranked, full-service provider of innovative payment, collection, liquidity management, trade finance, commercial card and information solutions to corporations, financial services institutions, middle market companies, small businesses, governments and municipalities worldwide. With more than 100,000 clients and services provided in more than 60 countries and 40 states, J.P. Morgan Treasury Services is one of the world's largest providers of treasury management services and a division of JPMorgan Chase Bank, N.A., member FDIC. More information can be found at www.jpmorgan.com/ts.

About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.1 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