Treasury & Securities Services
J.P. Morgan Brazil cash management and liquidity services uses modern techniques of account management security; payment completion and Internet Banking access. Our services are:
J.P. Morgan offers local currency (BRL) non-interest bearing Demand Deposit Accounts to Brazilian incorporated companies. DDA can be used for payments, receivables, loans, FX and investments. To help preventing overdraft J.P. Morgan offers an automatic end of the day transfer among accounts within the same entity (with the main account and the sub account determined by the client) which is called Zero Balance management.
To make consultation and monitoring easier J.P. Morgan, through the local Internet Banking service, offers a daily electronic DDA statement file to clients, downloadable on PDF, HTML and Excel formats or directly by a VAN in Febraban CNAB layout, the Brazilian standard file format. J.P. Morgan also provides MT900, MT910, MT940 and MT942, statements reports for the Brazil accounts.
J.P. Morgan Brazil offers the Boleto Collections Solution to enable you to speed up the conversion of your Account Receivables into Cash, automatically reconciling the collection items and reducing your operational costs. The Boleto instrument is a bar-coded deposit slip that allows Clients to have an automated receivables reconciliation process, differing from the other types of wires that do not provide that.
J.P. Morgan also offers other receivables types such as: TED’s (High value funds transfers), DOC’s (Low value funds transfers) and book to book transfers.
J.P. Morgan’s Brazil Payments Solution allows you to submit your payments via J.P. Morgan Brasil Online. You maintain full control over payment origination and timing and receive confirmations directly through our web-based platform. J.P. Morgan supports all of the most common payment types in Brazil such as
- -TED's:same day value funds transfer from (BRL 1,000) on
- -DOC’s:next day settlement lower value funds transfer
- Book to book transfers: settled internally on the same day
Also, J.P. Morgan’s Brazil Tax and Utility Payments Solution allows you to submit your Federal, State and Local government tax and utility payments via J.P. Morgan Brasil Online through:
- Documento com código de barras – Permite que você faça pagamentos em até mil municípios e de mais de 500 impostos e serviços públicosBarcode slip – Allows you to make payments of up to 1000 Municipalities and more than 500 Utilities and State taxes
- - DARF – Used for most of the various types of Federal tax payments
- - GPS – Commonly used for different types of payroll tax payments.
- - GARE – Used for São Paulo state taxes.
J.P.Morgan Brazil Liquidity services offer a wide range of products to improve and diversify account and investment management including:
This logic can be set as:
To know more about our cash concentration options, get in touch with our J.P. Morgan Brazil Sales Managers
J.P. Morgan Brazil offers two types of time deposits (CDB – Certificado de Depósito Bancário) in Brazilian Reais. Time deposits can be negotiated to a fixed or floating interest rate. Your company may check with our sales team the tenor and rate percentages available for the day of investment.
To know more about Brazilian time deposits, please check here our Time Deposits Fact Sheet
-In-Country End-of-Day Investment Sweeps
J.P. Morgan Brazil offers end-of-day investment sweep, a service that invests excess balances from the DDA into an interest-bearing Time Deposit (CDB) optimizing your short term liquidity returns. The automated investment linked to your DDA makes investments and balances tracking easy and effortless.
All automatically invested balances are linked to our payments and receivables solution. This integration eliminates risks associated with managing end-of-day balance positions, with a seamless processing as if balances were on DDA.
To know more about our end-of-day investment sweeps solution, please check here our EoD Investment Sweeps Fact Sheet.
In-country End-of-Day Cash Concentration)
J.P. Morgan Brazil offers end-of-day cash concentration facilities, a service that optimizes you company’s multiple DDA balances under the same legal entity.
Funds are automatically transferred among designated header and unlimited sub-accounts, according to the relationship rules set up for the structure.
- Zero balance for sub-accounts: moving excess funds from sub-accounts to header account or vice versa
- Cover sub-account negative balances
- Transfer excess funds only from the sub account to the header account
- In-country End-of-Day Cash Concentration)
By creating a seamless environment with global integration, J.P. Morgan increases product visibility and cash optimization. Our web-based tools and integration Sservices provide you fast, reliable and secure access to your Brazilian (BRL) accounts. Whether using local or global channels, our solutions are designed to fit your connectivity needs.
J.P. Morgan Brasil Online is the Internet Banking system offered to corporate clients for account management, payments and collections transactions and FX digital signature with the bank. The local Internet Banking platform provides a customized user experience in line with the local market practices:
-Real time reporting information
-Consolidated view for company groups
-Online Sweep reports with detailed daily interest information
-Payment initiation and approval – either in single or batch, to optimize daily activities
-Online collections reports
-File upload/download using Febraban file format
-FX digital signature capabilities
-Download/upload de arquivos utilizando o formato Febraban
-Presented in the local language (Portuguese) and local currency (BRL) support
System multifactor authentication: is provided by digital certificate, issued by a local certification authority (Serasa) or using a private certificate issued by J.P.Morgan.
Matrix Approval: JPMorgan Brasil Online offers a flexible set-up for payment authorization, designed to match our customer’s approval rules: up to 50 users distributed in 5 groups can participate in the approval process.
Other security features are:
- Users may be set-up to include payments only to pre-approved beneficiaries.
- The system automatically deactivates users inactive for over 90 days.
- Sessions expire after 10 minutes of user inactivity.
- All information exchanged between clients and J.P. Morgan Brasil Online, including file transfers, are done under SSL 128 bits encryption.
J.P. Morgan ACCESS can be accessed anytime, anywhere in the world to support all of your treasury needs. J.P. Morgan ACCESS is an electronic banking platform which can provide you with daily, online visibility (including BRL accounts) to all of your accounts across the globe through a single consistent portal. It supports over 20 currencies around the world, allows online payment initiation and offers account statements available online that can be exported to BAI2 several formats and SWIFT MT formats.
The J.P. Morgan Integration Services provides you fast, reliable and secure connectivity to BRL account information. Our integration services provide liable direct file transmission for BRL accounts or multi-currencies instructions. In addition, JPMorgan offers you the possibility to exchange files through SWIFT network.
Clients are able to exchange files with J.P. Morgan Brazil through SWIFT network. The supported formats are:
MT 940 (prior day information)
MT 942 (current day information)
MT 900 (debits confirmation)
MT 910 (credits confirmation)
SWIFT FILE ACT:
CNAB240, BAI2, ISO20022, MT940 / 942
MT101 (payments information)
SWIFT FILE ACT:
CNAB240, GFF, X12, EDIFACT
Nota: Note: Brazil is a member of the SCORE group, which enables us to exchange files directly
H2H – Direct Send / Transmission
Direct connection between client and bank. The supported formats are:
- Cash Reporting - CNAB240, BAI2, ISO20022, MT940 / 942
- Payments & Collections - CNAB240
H2H – Paysource
J.P. Morgan proprietary tool offers multi currencies payments. The supported formats are:
- Payments - GFF (J.P. Morgan proprietary format) / X12 / EDIFACT / ISO