Product overview
Clients now have the opportunity to optimize liquidity in Saudi Arabia and connect their balances to global liquidity structures, thanks to the launch of J.P. Morgan’s Cross-Border Physical Cash Concentration.
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Automated consolidation of cash from multiple accounts into a single account in London or Riyadh Branch.
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Increases visibility and connection of offshore liquidity structures in order to optimize global liquidity.
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Improves working capital by enabling companies to reduce idle balances and use internal cash more efficiently, improving deficit balances and eliminating overdraft fees.
Global scale
- Present in 28 locations
- Move liquidity within seconds via global infrastructure
- Daily reporting to provide visibility
Reduce risk
- Automate transfer of funds across accounts to improve operational risk
Centralize corporate cash with control
- Manage movement of funds across different jurisdictions in an automated manner
- Set up sweep parameters to suit your needs
Reduce funding costs
- Enable Corporate Treasuries to utilize their internal cash in managing working capital, minimizing the need for third-party debt
- Competitive pricing - $35 USD per month (flat fee)
How it works:
Physical Cash Concentration – Cross Border Sweeping allows companies to automatically transfer and/or concentrate their balances held in one account to another account at a pre-determined intra-day time or end of day.
Automated process
Header account
- Participant Account A
- Participant Account B
- Participant Account C
J.P. Morgan
- Master Account (SAR) – Saudi Arabia
- Participant Account (SAR) – London
- J.P. Morgan ACCESS
- Client
Process Flow
- At a pre-agreed time, J.P. Morgan’s Liquidity Platform determines the sweep amount needed based on:
- Participant account balance
- Target balance required
- Minimum or maximum sweep settings
- J.P. Morgan initiates the movement of funds between the accounts held in different jurisdictions
J.P. Morgan in Saudi Arabia
J.P. Morgan has a committed and long-standing history of serving clients in the Middle East and North Africa region, and has more recently developed a range of Sharia-compliant products to address the needs of this growing market.
Domestic liquidity solutions for the region
Diversification of the Saudi Arabian economy has required a rethink of treasury solutions.
Discover our cash management solutions to help support the next stage of The Kingdom’s future.
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JPMorgan Chase & Co. Member FDIC. Deposits held in non-U.S. branches are not FDIC insured. All rights reserved. The statements herein are confidential and proprietary and not intended to be legally binding. Not all products and services are available in all geographical areas. Visit jpmorgan.com/paymentsdisclosure for further disclosures and disclaimers related to this content.
