Regional Sites

Clearance & Collateral Management


J.P. Morgan helps clients optimize, protect and manage their complex portfolios with a comprehensive clearance, settlement and collateral management solution.  Our automated and proprietary technology enables clients to efficiently manage holistic risk exposure according to customized risk constraints, make better decisions about their incremental transactions and identify new financing activities.

Clearance

GlobeClear provides on-exchange and OTC clearance in markets around the world, helping our clients access more than 30 OEX and 60 OTC markets.  Based on a single agreement and legal structure, our simple operating model offers clients:

  • Straight through processing and same day turnaround for securities
  • Sophisticated asset servicing via J.P. Morgan’s award-winning global custody platform
  • Investment, liquidity and financing solutions, including securities borrowing to efficiently cover fails and secured financing for long positions

U.S. Clearance supports Broker Dealers with a rapid trade settlement system that combines speed with dependability, moving book-entry deliveries to the Federal Reserve Bank of New York within seconds. As a leading clearing bank for U.S. Government Securities, J.P. Morgan provides:

  • Flexible options, such as automatch and autosettle, to accommodate a variety of settlement activities
  • Expedited handling for exception items, plus timely notification and quick turnaround to effectively manage late-arriving securities and other time-critical situations
  • Comprehensive information that offers end-of-day reporting and supports intra-day queries

Commercial Paper/Issuing and Paying Agency Services provide issuers of Commercial Paper (CP) and Certificates of Deposit (CD) with options that maximize transaction delivery, analytics and cash management related to their money market activities. 

  • Direct transmission links with all major dealers and the Depository Trust Company; automated links between IPA and trading systems to support direct issuers
  • Innovative information and analytical tools that include Index and Performance Analysis, Automatic Trade Splitting, and real time Transaction Monitoring

Collateral Management

Collateral Management supports derivatives, securities and regulatory cash, with special services available to U.S. Broker Dealers.  Delivered by skilled experts, our scalable and tailored solutions anticipate clients’ evolving needs and mitigate risk via comprehensive controls and technology, providing:

  • Efficient and accurate holding, marking to market, reporting, substitution and redelivery
  • Independent pricing and asset valuation 
  • Daily monitoring, calculation and collateralization of client exposure according to pre-set criteria
  • Comprehensive services and operational support that free clients to concentrate on core business
  • Optimization of collateral usage that helps clients minimize balance sheet impact through automated and proprietary allocation technology

J.P. Morgan clients benefit from a low cost of entry that limits expenses, as well as the opportunity to future proof their operations without continual investment in expensive technology, infrastructure or in-house expertise. 

Commercial Paper/IPA

Commercial Paper/Issuing and Paying Agency Services provide issuers of Commercial Paper (CP) and Certificates of Deposit (CD) with options that maximize transaction delivery, analytics and cash management related to their money market activities. 

GlobeClear

GlobeClear provides on-exchange and OTC clearance in markets around the world, helping our clients access more than 30 OEX and 60 OTC markets with a single agreement and legal structure.

U.S. Broker Dealer Services

As a leading clearing bank for U.S. securities, J.P. Morgan supports Broker Dealers with a rapid trade settlement system that combines speed with dependability, moving book-entry deliveries to the Federal Reserve Bank of New York within seconds.

Collateral Management for Cash

J.P. Morgan provides specialized cash deposit services within its collateral management business to support clients' specific SEC, CFTC and other regulatory or contractual requirements. Cash accounts are held on the trust ledger of JPMorgan Chase Bank, N.A., combining safety and security with liquidity and control.

Collateral Management for Derivatives

Bilateral in nature, over-the-counter (OTC) derivatives trading results in counterparty credit exposure. The exchange of collateral, as defined in the Credit Support Annex (CSA) to the ISDA Master Agreement, mitigates this risk. J.P. Morgan offers an end to end OTC derivatives collateral management solution for institutions that lack the relevant infrastructure or expertise to implement or manage an effective derivatives collateral management program in-house.

Collateral Management for Securities

Collateral is a vital tool for mitigating credit risk in today’s volatile markets, often providing an opportunity to enhance liquidity. J.P. Morgan offers integrated and automated support to securities providers and securities takers, allowing them to optimize collateral use, minimize risk and expense, and maximize potential returns.

Up

Copyright © 2013 JPMorgan Chase & Co. All rights reserved.