Five. That’s the number of days each week that U.S. dollar (USD) clearing is currently facilitated. But in this rapidly changing digital banking landscape, financial institutions need to adapt to client demand. And that demand calls for book transfer processing not just five days a week, but every day. Announcing our move to seven-day-a week USD clearing of book transfers. It’s an innovative solution we are phasing in . . . first extending clearing open times by one additional day in Q3 2022 to ultimately being open every day in 2023. So, you can move money faster and process your book transfer wires earlier—a powerful tool for everyone, but especially impactful for those in the EMEA and Asia Pacific time zones.
Process book transfer wires earlier… here’s how it works
Phase 1: today
22.5 hours per day, 6 days per week – book transfer window open Saturdays at 10pm ET
Phase 2: Coming soon
22.5 hours per day, 6.5 days per week – book transfer window open Saturdays at 10pm ET
Phase 3: Coming soon
22.5 hours per day, 7 days per week – book transfer window open Fridays at 10pm ET
Unlock benefits like these for your business:
- Settle faster using 7-day-a-week book transfer clearing with wire processing for digital/neo banks and fintechs
- Take advantage of added weekend clearing for servicing clients in specific geographies, including the Middle East and Asian corridors
- Address specific airline, domestic mortgage and shipping logistical use cases and more with extended weekend processing window
J.P. Morgan is the marketing name for the Wholesale Payments business of JPMorgan Chase Bank, N.A. and its affiliates worldwide.
The products and services described in this document are offered by JPMorgan Chase Bank, N.A. or its affiliates subject to applicable laws and regulations and service terms. Not all products and services are available in all locations. Eligibility for particular products and services will be determined by JPMorgan Chase Bank, N.A. or its affiliates.
