J.P. Morgan provides greater transparency and control of collateral for Futures, Options and OTC clients
Aug 14, 2012
J.P. Morgan has extended its collateral management product in order to enhance the security and control over excess collateral. The additional service will support clients’ listed derivative and OTC cleared activity, allowing them to maintain excess collateral in a depository institution, JPMorgan Chase Bank N.A., separate from their clearing broker, and have on-demand reporting and access to their account.
The service will also allow a client to centralize the movement of collateral as needed to meet margin requirements across any clearing broker, allowing clients greater operational efficiency by reducing the time needed to reconcile accounts.