Saudi Arabia

Treasury Services in Saudi Arabia

J.P. Morgan is a leading U.S. financial institution in Saudi Arabia and holds a full commercial banking license issued by the Saudi Arabian Monetary Agency, as well as an investment banking and securities license issued by the Capital Markets Authority.

The firm is a registered dealer with the Saudi Arabian Monetary Agency. We work actively with both onshore and offshore Banks to facilitate investments in SAR, GCC and USD products.

J.P. Morgan offers products and services across Treasury and Markets, Cash Management and Trade Finance to clients in Saudi Arabia, including:

Treasury and Markets:

  • Time Deposit
  • Call Accounts
  • Cash Collateral for Trade
  • Commodity Murabaha Deposits
  • Reverse Commodity Murabaha
  • Deposits in Escrow
  • FX Spot and Forward
  • Money Market Loans

Cash Management:

  • Cash operating accounts held direct with J.P. Morgan
    • 6 GCC currencies (SR, AED, QAR, KWD, BHD, OMR)
    • 3 major currencies (USD, EUR, GBP)
    • Currency list is being expanded
  • Reporting
    • Account statements
    • Electronic Banking access via J.P. Morgan Access
  • Payments and receipts
    • Swift
    • Local SAR and SARIE
  • Auto FX on payments

Trade Finance:

  • Letters of Guarantee and Standby Letters of Credit
  • Import and Export Documentary Collection
  • Promissory Note Financing
  • Islamic Trade Products
  • Invoice Discounting under Payment Guarantee (under development)
  • ECA-Backed Structured Trade
  • Online Systems
  • Document Preparation
 
 

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