Commercial Banking

From startups to legacy brands, you're making your mark. We're here to help.

  • Innovation Economy
    Fueling the success of early-stage startups, venture-backed and high-growth companies.
  • Midsize Businesses
    Keep your company growing with custom banking solutions for middle market businesses and specialized industries.
  • Large Corporations
    Innovative banking solutions tailored to corporations and specialized industries.
  • Commercial Real Estate
    Capitalize on opportunities and prepare for challenges throughout the real estate cycle.
  • Community Impact Banking
    When our communities succeed, we all succeed. Local businesses, organizations and community institutions need capital, expertise and connections to thrive.
  • International Banking
    Power your business' global growth and operations at every stage.

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Credit and Financing

Prepare for future growth with customized loan services, succession planning and capital for business equipment.

  • Asset Based Lending
    Enhance your liquidity and gain the flexibility to capitalize on growth opportunities.
  • Equipment Financing
    Maximize working capital with flexible equipment and technology financing.
  • Trade & Working Capital
    Experience our market-leading supply chain finance solutions that help buyers and suppliers meet their working capital, risk mitigation and cash flow objectives.
  • Syndicated Financing
    Leverage customized loan syndication services from a dedicated resource.
  • Commercial Real Estate
    Capitalize on opportunities and prepare for challenges throughout the real estate cycle.
  • Employee Stock Ownership Plans
    Plan for your business’s future—and your employees’ futures too—with objective advice and financing.

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Institutional Investing

Serving the world's largest corporate clients and institutional investors, we support the entire investment cycle with market-leading research, analytics, execution and investor services.

  • Institutional Investors
    Putting your long-tenured investment teams on the line to earn the trust of institutional investors.
  • Markets
    Direct access to market leading liquidity harnessed through world-class research, tools, data and analytics.
  • Prime Services
    Helping hedge funds, asset managers and institutional investors meet the demands of a rapidly evolving market.
  • Global Research
    Leveraging cutting-edge technology and innovative tools to bring clients industry-leading analysis and investment advice.
  • Securities Services Solutions
    Helping institutional investors, traditional and alternative asset and fund managers, broker dealers and equity issuers meet the demands of changing markets.

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Investment Banking

Providing investment banking solutions, including mergers and acquisitions, capital raising and risk management, for a broad range of corporations, institutions and governments.

  • Center for Carbon Transition
    J.P. Morgan’s center of excellence that provides clients the data and firmwide expertise needed to navigate the challenges of transitioning to a low-carbon future.
  • Corporate Finance Advisory
    Corporate Finance Advisory (“CFA”) is a global, multi-disciplinary solutions team specializing in structured M&A and capital markets. Learn more.
  • Development Finance Institution
    Financing opportunities with anticipated development impact in emerging economies.
  • Sustainable Solutions
    Offering ESG-related advisory and coordinating the firm's EMEA coverage of clients in emerging green economy sectors.
  • Mergers and Acquisitions
    Bespoke M&A solutions on a global scale.
  • Capital Markets
    Holistic coverage across capital markets.

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Payments

Your partner for commerce, receivables, cross-currency, working capital, blockchain, liquidity and more.

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Private Bank

A uniquely elevated private banking experience shaped around you.

  • Banking
    We have extensive personal and business banking resources that are fine-tuned to your specific needs.
  • Investing
    We deliver tailored investing guidance and access to unique investment opportunities from world-class specialists.
  • Lending
    We take a strategic approach to lending, working with you to craft the right financing solutions matched to your goals.
  • Planning
    No matter where you are in your life, or how complex your needs might be, we’re ready to provide a tailored approach to helping your reach your goals.

Wealth Management

Whether you want to invest on your own or work with an advisor to design a personalized investment strategy, we have opportunities for every investor.


  • Invest on your own
    Unlimited $0 commission-free online stock, ETF and options trades with access to powerful tools to research, trade and manage your investments.
  • Work with our advisors
    When you work with our advisors, you'll get a personalized financial strategy and investment portfolio built around your unique goals-backed by our industry-leading expertise.
  • Expertise for Substantial Wealth
    Our Wealth Advisors & Wealth Partners leverage their experience and robust firm resources to deliver highly-personalized, comprehensive solutions across Banking, Lending, Investing, and Wealth Planning.

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For Companies and Institutions

  • Commercial Banking

    From startups to legacy brands, you're making your mark. We're here to help.

     

  • Institutional Investing

    Serving the world's largest corporate clients and institutional investors, we support the entire investment cycle with market-leading research, analytics, execution and investor services.

  • Payments

    Your partner for commerce, receivables, cross-currency, working capital, blockchain, liquidity and more.

  • Credit & Financing

    Prepare for future growth with customized loan services, succession planning and capital for business equipment.

  • Investment Banking

    Providing investment banking solutions, including mergers and acquisitions, capital raising and risk management, for a broad range of corporations, institutions and governments.

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For Individuals

  • Private Bank

    A uniquely elevated private banking experience shaped around you.

  • Wealth Management

    Whether you want to invest on you own or work with an advisor to design a personalized investment strategy, we have opportunities for every investor.

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Who We Serve

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All Insights

Explore a variety of insights.

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Insights by Topic

Explore a variety of insights organized by different topics.

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Insights by Type

Explore a variety of insights organized by different types of content and media.  

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About Us

We aim to be the most respected financial services firm in the world, serving corporations and individuals in more than 100 countries.

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Cash Concentration Service Enhancements: Mainland China

Updates will be made to existing cross-border single currency sweeps narratives without Intercompany Loan Reporting.

Back value sweeps processed with a value date prior to the transition date will be based on the sweep configuration at the time of transition.

Account numbers will be standardized as follows:

  • 15 digits for U.S. account numbers
  • 10 digits for international account numbers (except accounts in the Brussels branch)
  • 12 digits for accounts held in the Brussels branch

Channel

Current Platform

New Platform

SWIFT MT940 Credit (Version 1)

:61:YYMMDD0314DY251903021,79NCMZNONREF//LPQXXXXXXXXXXXXX

Sweeping Credit - Zero Bal -275

:86:SWEEP REF TO: XXXXXXXXXX <CCY> <Branch Name> FR:  XXXXXXXXXX <CCY> <Branch Name> <YYYY> LPQXXXXXXXXXXXXX TO: <Account Name>

FR: <Account Name>

:61:YYYYMMDD0310CY200000000,00NCMZNONREF//LPQXXXXXXXXXXXXX

Sweeping Credit - Zero Bal -275

:86:SWEEP REF TO: XXXXXXXXXX <CCY> <Branch Name> FR:  XXXXXXXXXX <CCY> <Branch Name> <YYYY> LPQXXXXXXXXXXXXX TO: <Account Name>

FR: <Account Name>

SWIFT MT940 Credit (Version 2)

:61:YYMMDD0310DY115302970,61NCMZNONREF//LPQXXXXXXXXXXXXX

Sweeping Credit - Zero Bal -275

:86:INTERCO P REF  TO: XXXXXXXXXX <CCY> <Branch Name> FR:  XXXXXXXXXX <CCY> <Branch Name> ENTRUST LOAN XXXX TO: <Account Name>

FR: <Account Name>

:61:YYYYMMDD0310CY200000000,00NCMZNONREF//LPQXXXXXXXXXXXXX

Sweeping Credit - Zero Bal -275

:86:SWEEP REF TO: XXXXXXXXXX <CCY> <Branch Name> FR:  XXXXXXXXXX <CCY> <Branch Name> <YYYY> LPQXXXXXXXXXXXXX TO: <Account Name>

FR: <Account Name>

SWIFT MT940 Debit (Version 1)

:61:YYMMDD0310CY200000000,00NCMZNONREF//LPQXXXXXXXXXXXXX

Sweep Debit - Zero Bal -575

:86:SWEEP REF TO: XXXXXXXXXX <CCY> <Branch Name> FR: XXXXXXXXXX <CCY> <Branch Name> <YYYY> LPQXXXXXXXXXXXXX TO: <Account Name>

FR: <Account Name>

:61:YYYYMMDD0310CY200000000,00NCMZNONREF//LPQXXXXXXXXXXXXX

Sweep Debit - Zero Bal -575

:86:SWEEP REF TO: XXXXXXXXXX <CCY> <Branch Name> FR: XXXXXXXXXX <CCY>

<Branch Name> <YYYY> LPQXXXXXXXXXXXXX TO: <Account Name>

FR: <Account Name>

SWIFT MT940 Debit (Version 2)

:61:YYMMDD0310CY200000000,00NCMZNONREF//LPQXXXXXXXXXXXXX

Sweeping Debit - Zero Bal -575

:86:INTERCO P REF  TO: XXXXXXXXXX <CCY> <Branch Name> FR:  XXXXXXXXXX <CCY> <Branch Name> ENTRUST LOAN XXXX TO: <Account Name>

FR: <Account Name>

:61:YYYYMMDD0310CY200000000,00NCMZNONREF//LPQXXXXXXXXXXXXX

Sweep Debit - Zero Bal -575

:86:SWEEP REF TO: XXXXXXXXXX <CCY> <Branch Name> FR: XXXXXXXXXX <CCY>

<Branch Name> <YYYY> LPQXXXXXXXXXXXXX TO: <Account Name>

FR: <Account Name>

BAI Credit (Version 1)

16,275,<Amount>,S,<Amount>,0,0,LPQXXXXXXXXXXXXX,XXXXXXXXXX/

88,YOUR REF=ZERO BALANCING,REMARK=SWEEP REF XXX TO: XXXXXXXXXX  <CCY> <Branch Name>  

88,FR:XXXXXXXXXX <CCY> <Branch Name> <YYYY> LPQXXXXXXXXXXXXX TO: <Account Name>

88,FR: <Account Name>

16,275,<Amount>,S,<Amount>,0,0,LPQXXXXXXXXXXXXX,XXXXXXXXXX/

88,YOUR REF=ZERO BALANCING,REMARK=SWEEP REF XXX TO: XXXXXXXXXX <CCY> <Branch Name>

88,FR: XXXXXXXXXX <CCY> <Branch Name> <YYYY> LPQXXXXXXXXXXXX TO: <Account Name> FR:

88,<Account Name>

BAI Credit  (Version 2)

16,275,<Amount>,S,<Amount>,0,0,LPQXXXXXXXXXXXXX,XXXXXXXXXX/

88,YOUR REF=ZERO BALANCING,REMARK=INTERCO P REF TO: XXXXXXXXXX  <CCY> <Branch Name>

88,FR: XXXXXXXXXX  <CCY> <Branch Name>  ENTRUST LOAN XXXX TO: <Account Name>

88,FR: <Account Name>

16,275,<Amount>,S,<Amount>,0,0,LPQXXXXXXXXXXXXX,XXXXXXXXXX/

88,YOUR REF=ZERO BALANCING,REMARK=SWEEP REF XXX TO: XXXXXXXXXX <CCY> <Branch Name>

88,FR: XXXXXXXXXX <CCY> <Branch Name> <YYYY> LPQXXXXXXXXXXXX TO: <Account Name> FR:

88,<Account Name>

BAI Debit (Version 1)

16,575,<Amount>,0,LPQXXXXXXXXXXXXX,10009341/

88,YOUR REF=ZERO BALANCING,REMARK=SWEEP REF XXX TO: XXXXXXXXXX  <CCY> <Branch Name>  

88,FR:XXXXXXXXXX <CCY> <Branch Name> INTERCOMPANY LPQXXXXXXXXXXXXX TO: <Account Name>

88,FR: <Account Name>

16,575,<Amount>,0,LPQXXXXXXXXXXXX,XXXXXXXXX/

88,YOUR REF=ZERO BALANCING,REMARK=SWEEP REF XXX TO: XXXXXXXXXX <CCY> <Branch Name>

88,FR: XXXXXXXXXX <CCY> <Branch Name> <YYYY> LPQXXXXXXXXXXXX TO: <Account Name> FR:

88,<Account Name>

BAI Debit (Version 2)

16,575,<Amount>,0,LPQXXXXXXXXXXXXX,XXXXXXXXXX/

88,YOUR REF=ZERO BALANCING,REMARK=INTERCO P REF TO: XXXXXXXXXX  <CCY> <Branch Name> 

88,FR:  XXXXXXXXXX  <CCY> <Branch Name>  ENTRUST LOAN XXXX TO: <Account Name>

88,FR: <Account Name>

16,575,<Amount>,0,LPQXXXXXXXXXXXX,XXXXXXXXX/

88,YOUR REF=ZERO BALANCING,REMARK=SWEEP REF XXX TO: XXXXXXXXXX <CCY> <Branch Name>

88,FR: XXXXXXXXXX <CCY> <Branch Name> <YYYY> LPQXXXXXXXXXXXX TO: <Account Name> FR:

88,<Account Name>

MT940 Host-to-Host Credit

:61:2504010401CM506860,04NCMZ4447013907//LPQXXXXXXXXXXXX

:86:BAI=275;YOUR REF=ZERO BALANCING;REMARK=SWEEP REF TO: XXXXXXXXXX <CCY> <BRANCH> FR: XXXXXXXXXX <CCY> <BRANCH> <YYYY>

LPQXXXXXXXXXXXX TO: <Account Name> FR: <Account Name>

:61:YYMMDD1129CM946937,57NCMZ006301546044509//LPQXXXXXXXXXXXX

:86:BAI=275;YOUR REF=ZERO BALANCING,REMARK=SWEEP REF XXX TO: XXXXXXXXXX <CCY> <BRANCH> FR: XXXXXXXXXX <CCY> <BRANCH> <YYYY> LPQXXXXXXXXXXXX TO: <Account Name> FR: <Account Name>

MT940 Host-to-Host Debit

:61:2504010401DD1104326,48NCMZ6550192176//LPQXXXXXXXXXXXX

:86:BAI=575;YOUR REF=ZERO BALANCING;REMARK=SWEEP REF TO: XXXXXXXXXX <CCY> <BRANCH> FR: XXXXXXXXXX <CCY> <BRANCH> <YYYY>

LPQXXXXXXXXXXXX TO: <Account Name> FR: <Account Name>

:61:YYMMDD1129DD946937,57NCMZ006301546044509//LPQXXXXXXXXXXXX

:86:BAI=575;YOUR REF=ZERO BALANCING,REMARK=SWEEP REF XXX TO: XXXXXXXXXX <CCY> <BRANCH> FR: XXXXXXXXXX <CCY> <BRANCH> <YYYY> LPQXXXXXXXXXXXX TO: <Account Name> FR: <Account Name>

CAMT/ISO Statement

<RmtInf>

<Ustrd>REMARK=SWEEP REF TO: XXXXXXXXXX (CCY Branch)FR: XXXXXXXXXX (CCY Branch) YYYY LPQXXXXXXXXXXXX TO: (Branch) FR: (Branch)</Ustrd>

<Ustrd>;YOUR REF=ZERO BALANCING</Ustrd>

</RmtInf>

<RmtInf>

<Ustrd>YOUR REF=ZERO BALANCING;REMARK=SWEEP REF XXXXXXXXXXXX TO: XXXXXXXXXX (CCY Branch) FR: XXXXXXXXXX (CCY Branch) YYYY LPQ</Ustrd>

<Ustrd>XXXXXXXXXXXX TO: CR ACCOUNT NAME FR: DR ACCOUNT NAME</Ustrd>

</RmtInf>

The value for <YYYY> will be 'INTRACOMPANY' if the entity of the payer and beneficiary are the same, and 'INTERCOMPANY' if the entities are different.

Channel

Current Platform

New Platform

SWIFT MT940 Credit (Version 1)

:61:YYMMDD0314CY251903021,79NCMZNONREF//LPQXXXXXXXXXXXXX

Sweeping Credit - Zero Bal -275

:86:SWEEP REF TO: XXXXXXXXXX <CCY> <Branch Name> FR:  XXXXXXXXXX <CCY> <Branch Name> <YYYY> LPQXXXXXXXXXXXXX TO: <Account Name>

FR: <Account Name>

:61:YYMMDD0310CY200000000,00NCMZNONREF//LPQXXXXXXXXXXXXX

Sweeping Credit - Zero Bal -275

:86:SWEEP REF TO: XXXXXXXXXX <CCY> <Branch Name> FR:  XXXXXXXXXX <CCY> <Branch Name> <YYYY> LPQXXXXXXXXXXXXX TO: <Account Name>

FR: <Account Name>

SWIFT MT940 Credit (Version 2)

:61:YYMMDD0310CY115302970,61NCMZNONREF//LPQXXXXXXXXXXXXX

Sweeping Credit - Zero Bal -275

:86:INTERCO P REF  TO: XXXXXXXXXX <CCY> <Branch Name> FR:  XXXXXXXXXX <CCY> <Branch Name> ENTRUST LOAN XXXX TO: <Account Name>

FR: <Account Name>

:61:YYYYMMDD0310CY200000000,00NCMZNONREF//LPQXXXXXXXXXXXXX

Sweeping Credit - Zero Bal -275

:86:SWEEP REF TO: XXXXXXXXXX <CCY> <Branch Name> FR:  XXXXXXXXXX <CCY> <Branch Name> <YYYY> LPQXXXXXXXXXXXXX TO: <Account Name>

FR: <Account Name>

SWIFT MT940 Credit (Version 3)

:61:YYMDD0303CY55693,27NMSCNONREF//LPQXXXXXXXXXXXXX

Sweeping Credit - Zero Bal -275

:86:Cash Concentration Transaction

:61:YYMMDD0205CY99900,78NMSCNONREF//LPQXXXXXXXXXXXXX

Sweeping Credit - Zero Bal -275

:86:CASH CONCENTRATION TRANSACTION

SWIFT MT940 Debit (Version 1)

:61:YYMMDD0310DY200000000,00NCMZNONREF//LPQXXXXXXXXXXXXX

Sweep Debit - Zero Bal -575

:86:SWEEP REF TO: XXXXXXXXXX <CCY> <Branch Name> FR: XXXXXXXXXX <CCY> <Branch Name> <YYYY> LPQXXXXXXXXXXXXX TO: <Account Name>

FR: <Account Name>

:61:YYMMDD0310DY200000000,00NCMZNONREF//LPQXXXXXXXXXXXXX

Sweep Debit - Zero Bal -575

:86:SWEEP REF TO: XXXXXXXXXX <CCY> <Branch Name> FR: XXXXXXXXXX <CCY>

<Branch Name> <YYYY> LPQXXXXXXXXXXXXX TO: <Account Name>

FR: <Account Name>

SWIFT MT940 Debit (Version 2)

:61:YYMMDD0310DY200000000,00NCMZNONREF//LPQXXXXXXXXXXXXX

Sweeping Debit - Zero Bal -575

:86:INTERCO P REF  TO: XXXXXXXXXX <CCY> <Branch Name> FR:  XXXXXXXXXX <CCY> <Branch Name> ENTRUST LOAN XXXX TO: <Account Name>

FR: <Account Name>

:61:YYMMDD0310DY200000000,00NCMZNONREF//LPQXXXXXXXXXXXXX

Sweep Debit - Zero Bal -575

:86:SWEEP REF TO: XXXXXXXXXX <CCY> <Branch Name> FR: XXXXXXXXXX <CCY>

<Branch Name> <YYYY> LPQXXXXXXXXXXXXX TO: <Account Name>

FR: <Account Name>

SWIFT MT940 Debit (Version 3)

:61:YYMMDD303DY55693,27NMSCNONREF//LPQXXXXXXXXXXXXX

Sweep Debit - Zero Bal -575

:86:Cash Concentration Transaction

:61:YYMMDD0205DY99900,78NMSCNONREF//LPQXXXXXXXXXXXXX

Sweep Debit - Zero Bal -575

:86:CASH CONCENTRATION TRANSACTION

BAI Credit (Version 1)

16,275,<Amount>,S,<Amount>,0,0,LPQXXXXXXXXXXXXX,XXXXXXXXXX/

88,YOUR REF=ZERO BALANCING,REMARK=SWEEP REF XXX TO: XXXXXXXXXX  <CCY> <Branch Name>  

88,FR:XXXXXXXXXX <CCY> <Branch Name> <YYYY> LPQXXXXXXXXXXXXX TO: <Account Name>

88,FR: <Account Name>

16,275,<Amount>,S,<Amount>,0,0,LPQXXXXXXXXXXXXX,XXXXXXXXXX/

88,YOUR REF=ZERO BALANCING,REMARK=SWEEP REF XXX TO: XXXXXXXXXX <CCY> <Branch Name>

88,FR: XXXXXXXXXX <CCY> <Branch Name> <YYYY> LPQXXXXXXXXXXXX TO: <Account Name> FR:

88,<Account Name>

BAI Credit  (Version 2)

16,275,<Amount>,S,<Amount>,0,0,LPQXXXXXXXXXXXXX,XXXXXXXXXX/

88,YOUR REF=ZERO BALANCING,REMARK=INTERCO P REF TO: XXXXXXXXXX  <CCY> <Branch Name>

88,FR: XXXXXXXXXX  <CCY> <Branch Name>  ENTRUST LOAN XXXX TO: <Account Name>

88,FR: <Account Name>

16,275,<Amount>,S,<Amount>,0,0,LPQXXXXXXXXXXXXX,XXXXXXXXXX/

88,YOUR REF=ZERO BALANCING,REMARK=SWEEP REF XXX TO: XXXXXXXXXX <CCY> <Branch Name>

88,FR: XXXXXXXXXX <CCY> <Branch Name> <YYYY> LPQXXXXXXXXXXXX TO: <Account Name> FR:

88,<Account Name>

BAI Credit  (Version 3)

16,275,XXXXXXXXXX,S,XXXXXXXXXX,0,0,LPQXXXXXXXXXXXXX,/

88,PAYDET=Cash Concentration Transaction

16,275,XXXXXXXXXX,S,XXXXXXXXXX,0,0,LPQXXXXXXXXXXXXX/

88,YOUR REF=ZERO BALANCING,REMARK=CASH CONCENTRATION TRANSACTION

BAI Debit (Version 1)

16,575,<Amount>,0,LPQXXXXXXXXXXXXX,10009341/

88,YOUR REF=ZERO BALANCING,REMARK=SWEEP REF XXX TO: XXXXXXXXXX  <CCY> <Branch Name>  

88,FR:XXXXXXXXXX <CCY> <Branch Name> INTERCOMPANY LPQXXXXXXXXXXXXX TO: <Account Name>

88,FR: <Account Name>

16,575,<Amount>,0,LPQXXXXXXXXXXXX,XXXXXXXXX/

88,YOUR REF=ZERO BALANCING,REMARK=SWEEP REF XXX TO: XXXXXXXXXX <CCY> <Branch Name>

88,FR: XXXXXXXXXX <CCY> <Branch Name> <YYYY> LPQXXXXXXXXXXXX TO: <Account Name> FR:

88,<Account Name>

BAI Debit (Version 2)

16,575,<Amount>,0,LPQXXXXXXXXXXXXX,XXXXXXXXXX/

88,YOUR REF=ZERO BALANCING,REMARK=INTERCO P REF TO: XXXXXXXXXX  <CCY> <Branch Name> 

88,FR:  XXXXXXXXXX  <CCY> <Branch Name>  ENTRUST LOAN XXXX TO: <Account Name>

88,FR: <Account Name>

16,575,<Amount>,0,LPQXXXXXXXXXXXX,XXXXXXXXX/

88,YOUR REF=ZERO BALANCING,REMARK=SWEEP REF XXX TO: XXXXXXXXXX <CCY> <Branch Name>

88,FR: XXXXXXXXXX <CCY> <Branch Name> <YYYY> LPQXXXXXXXXXXXX TO: <Account Name> FR:

88,<Account Name>

BAI Debit (Version 3)

16,575,<Amount>,0,LPQXXXXXXXXXXXXX,/

88,PAYDET=Cash Concentration Transaction

16,575,<Amount>,0,LPQXXXXXXXXXXXXX/

88,YOUR REF=ZERO BALANCING,REMARK=CASH CONCENTRATION TRANSACTION

Bilateral entrustment loan transaction narratives will see the following updates:

 

SWIFT MT940

BAI

Principle Drawdown Credit

:61:YYMMDD0303CY16472,47NMSCNONREF//LPQXXXXXXXXXXXXX

Miscellaneous Credit -399

:86:INTERCO P REF TO: XXXXXXXXXX <CCY> <Branch Name> FR: XXXXXXXXXX <CCY>

<Branch> Entrust Loan XXXX TO: <Account Name> FR: <Account Name>

16,399,<Amount>,S,<Amount>,0,0,LPQXXXXXXXXXXXXX/

88,YOUR REF=MISCELLANEOUS CREDIT,REMARK=INTERCO P REF TO: XXXXXXXXXX <CCY>

<Branch Name> FR: XXXXXXXXXX <CCY> <Branch> Entrust Loan XXXX TO: <Account Name> FR: <Account Name>

Principle Drawdown Debit

:61:YYMMDD0205DY99900,78NMSCNONREF//LPQXXXXXXXXXXXXX

Miscellaneous Debit -699

:86:INTERCO P REF TO: XXXXXXXXXX <CCY> <Branch Name> FR: XXXXXXXXXX <CCY>

<Branch> Entrust Loan XXXX TO: <Account Name> FR: <Account Name>

16,699,<Amount>,0,LPQXXXXXXXXXXXXX/

88,YOUR REF=MISCELLANEOUS DEBIT,REMARK=INTERCO P REF TO: XXXXXXXXXX <CCY>

<Branch Name> FR: XXXXXXXXXX <CCY> <Branch> Entrust Loan XXXX TO: <Account Name> FR: <Account Name>

Interest Credit

:61:YYMMDD0303CY16472,47NMSCNONREF//LPQXXXXXXXXXXXXX

Miscellaneous Credit -399

:86:INTERCO I REF TO: XXXXXXXXXX <CCY> <Branch Name> FR: XXXXXXXXXX <CCY>

<Branch> Entrust Loan XXXX TO: <Account Name> FR: <Account Name>

16,399,<Amount>,S,<Amount>,0,0,LPQXXXXXXXXXXXX,/

88,YOUR REF=MISCELLANEOUS CREDIT,REMARK=INTERCO I REF TO: XXXXXXXXXX <CCY>

88,<Branch ID> FR: XXXXXXXXXX<CCY><Branch ID> <YYYY> LPQXXXXXXXXXXXX

Interest Debit

:61:YYMMDD0205DY99900,78NMSCNONREF//LPQXXXXXXXXXXXXX

Miscellaneous Debit -699

:86:INTERCO I REF TO: XXXXXXXXXX <CCY> <Branch Name> FR: XXXXXXXXXX <CCY>

<Branch> Entrust Loan XXXX TO: <Account Name> FR: <Account Name>

16,699,<Amount>,0,LPQXXXXXXXXXXXXX/

88,YOUR REF=MISCELLANEOUS DEBIT,REMARK=INTERCO I REF TO: XXXXXXXXXX <CCY>

88,<Branch ID> FR: XXXXXXXXXX<CCY><Branch ID> <YYYY> LPQXXXXXXXXXXXX

Existing sweeps narratives for single currency single location Just-In-Time Funding and single currency cross-border Just-In-Time Funding will see the following updates:

Channel

Current Platform

New Platform

SWIFT MT940 Credit

:61:YYMMDD1229CP2000,00NMSCF726907//LPQXXXXXXXXXXXX

Miscellaneous Credit -399

:86:JT TSFR REF TO: XXXXXXXXXX  <CCY> <Branch Name>

FR: XXXXXXXXXX  <CCY> <Branch Name> JPMREF LPQXXXXXXXXXXXXX

:61:YYMMDD1229CP2000,00NMSCF726907//LPQXXXXXXXXXXXX

Miscellaneous Credit -399

:86:JT TSFR REF XYZ TO: XXXXXXXXXX <CCY> <Branch ID> FR: XXXXXXXXXX<CCY>

<Branch ID> JPMREF LPQXXXXXXXXXXXX

SWIFT MT940 Debit

:61:YYMMDD1229DP2000,00NMSCF726907//LPQXXXXXXXXXXXX

Miscellaneous Debit -699

:86:JT TSFR REF TO: XXXXXXXXXX  <CCY> <Branch Name>

FR: XXXXXXXXXX  <CCY> <Branch Name> JPMREF LPQXXXXXXXXXXXXX

:61:YYMMDD1229DP2000,00NMSCF726907//LPQXXXXXXXXXXXX

Miscellaneous Debit -699

:86:JT TSFR REF XYZ TO: XXXXXXXXXX <CCY> <Branch ID> FR: XXXXXXXXXX<CCY> <Branch ID> JPMREF LPQXXXXXXXXXXXX

BAI Credit

16,399,<Amount>,S,<Amount>,0,0,LPQXXXXXXXXXXXXX,/

88,YOUR REF=MISCELLANEOUS CREDIT,REMARK=JT TSFR REF TO: XXXXXXXXXX  <CCY> <Branch Name>

88,FR: XXXXXXXXXX  <CCY> <Branch Name> JPMREF LPQXXXXXXXXXXXXX

16,399,<Amount>,S,<Amount>,0,0,LPQXXXXXXXXXXXX/

88,YOUR REF=MISCELLANEOUS CREDIT,REMARK=JT TSFR REF XYZ TO: XXXXXXXXXX <CCY>

88, <Branch ID> FR: XXXXXXXXXX <CCY> <Branch ID> JPMREF LPQXXXXXXXXXXXX

BAI Debit

16,699,<Amount>,0,LPQXXXXXXXXXXXXX,/

88,YOUR REF=MISCELLANEOUS DEBIT,REMARK=JT TSFR REF TO: XXXXXXXXXX  <CCY> <Branch Name>

88,FR: XXXXXXXXXX  <CCY> <Branch Name> JPMREF LPQXXXXXXXXXXXXX

16,699,<Amount>,0,LPQXXXXXXXXXXXX,XXXXXXXXXX/

88,YOUR REF=MISCELLANEOUS DEBIT,REMARK=JT TSFR REF XYZ TO: XXXXXXXXXX <CCY>

88, <Branch ID> FR: XXXXXXXXXX <CCY> <Branch ID> JPMREF LPQXXXXXXXXXXXX

Please expect the following enhancements:

Relocation of Intercompany reports
  • Navigate to Reports & Statements > Reports Inbox > Liquidity
  • Select the Filter button
  • Liquidity Reports Inbox – Current

    • Product: Intercompany Loans
    • Source: Click relevant report

Before Migration: XYZ report
After Migration (or if a BV has impacted position before migration): New XYZ report

Intercompany Loan Reporting, Advice and Access reporting enhancements

Intercompany loan reports received through email will now have a new sender name and subject line as follows:

  • Sender name: JPMorgan eStatement and eAdvice notification@jpmchase.com
  • Subject line: [Client Name] - Sweep Execution Activity Report CHN <Date> #secure#

View these sample reports to see the enhancements in action.

Report/Advice Name

Key Changes

Loan Interest Activity Report

The Summary Section will include net period-to-date balances

Contribution Summary Report

The report will include information on interest accruals, which was previously included in a separate report (Interest Summary)

Loan Facility Report

(previously called Counterparty Exposure report)
  •  The report will contain data at per activity level rather than per day
  • This report can be generated per day instead of month-end only
  • This will also include a report on limit breaches

Contribution Detailed Report

This is an additional report to track the whole loan lifecycle and will only available in .csv version

Access Reporting

Visibility of interest and withholding tax information will be changing in the Liquidity Structures – Intercompany Revolving Loans view on Access

Consolidated MTD Report (Dynamic Sequence Only)

This is an additional report to capture daily outstanding loan position and interest between each two accounts in the Dynamic Sequence structure.

Loan Modification Advice (Bilateral entrustment loan specific)

This is an additional advice contains the details of the loan modification details, whenever interest repayment term, interest rates, failed repayment option, partial repayment option or tenor is updated. It’s available in .csv version.

Intercompany narrative changes

Existing intercompany loan narratives will undergo the following changes:

Channel

Current Platform

New Platform

BAI Principle Credit

16,399,<Amount>,S,<Amount>,0,0,LPQXXXXXXXXXXXXX/

88,YOUR REF=MISCELLANEOUS CREDIT,REMARK=INTERCO P REF TO: XXXXXXXXXX <CCY> <Branch Name>

88,FR: XXXXXXXXXX <CCY> <Branch Name> INTERCOMPANYXXXX TO: <Account Name>

88,FR: <Account Name>

16,399,13647332,S,13647332,0,0,LPQXXXXXXXXXXXX,/

88,YOUR REF=MISCELLANEOUS CREDIT,REMARK=INTERCO P REF TO: XXXXXXXXXX <CCY>

88,<Branch ID> FR: XXXXXXXXXX<CCY><Branch ID> <YYYY> LPQXXXXXXXXXXXX

BAI Principle Debit

16,699,<Amount>,0,LPQXXXXXXXXXXXXX/

88,YOUR REF=MISCELLANEOUS DEBIT,REMARK=INTERCO P REF TO: XXXXXXXXXX <CCY> <Branch Name>

88,FR: XXXXXXXXXX <CCY> <Branch Name> INTERCOMPANYXXXX TO: <Account Name>

88,FR: <Account Name>

16,699,<Amount>,0,LPQXXXXXXXXXXXXX/

88,YOUR REF=MISCELLANEOUS DEBIT,REMARK=INTERCO P REF TO: XXXXXXXXXX <CCY>

88,<Branch ID> FR: XXXXXXXXXX<CCY><Branch ID> <YYYY> LPQXXXXXXXXXXXX

BAI Interest Credit

16,399,<Amount>,S,<Amount>,0,0,LPQXXXXXXXXXXXXX/

88,YOUR REF=MISCELLANEOUS CREDIT,REMARK=INTERCO I REF TO: XXXXXXXXXX  <CCY>

88,<Branch Name> FR: XXXXXXXXXX <CCY> <Branch Name> INTERCOMPANYXXXX TO: <Account Name>

88,FR: <Account Name>

16,399,13647332,S,13647332,0,0,LPQXXXXXXXXXXXX,/

88,YOUR REF=MISCELLANEOUS CREDIT,REMARK=INTERCO I REF TO: XXXXXXXXXX <CCY>

88,<Branch ID> FR: XXXXXXXXXX<CCY><Branch ID> <YYYY> LPQXXXXXXXXXXXX

BAI Interest Debit

16,699,<Amount>,0,LPQXXXXXXXXXXXXX/

88,YOUR REF=MISCELLANEOUS DEBIT,REMARK=INTERCO I REF TO: XXXXXXXXXX  <CCY>

88,<Branch Name> FR: XXXXXXXXXX  <CCY> <Branch Name> INTERCOMPANYXXXX TO: <Account Name>

88,FR: <Account Name>

16,699,<Amount>,0,LPQXXXXXXXXXXXXX/

88,YOUR REF=MISCELLANEOUS

DEBIT,REMARK=INTERCO I REF TO:

XXXXXXXXXX <CCY>

88,<Branch ID> FR: XXXXXXXXXX<CCY><Branch ID> <YYYY>

LPQXXXXXXXXXXXX

BAI Withholding Tax Credit

16,399,<Amount>,S,<Amount>,0,0,LPQXXXXXXXXXXXXX/

88,YOUR REF=MISCELLANEOUS CREDIT,REMARK=WITHHOLDING TAX PARTICIPANTXXXXXXXXXX<CCY>

88,<Branch Name> MASTERXXXXXXXXXX<CCY><Branch Name> INTERCO LPQXXXXXXXXXXXXX TO:

88,XXXXXXXXXX FR: XXXXXXXXXX

16,399,<Amount>,S,<Amount>,0,0,LPQXXXXXXXXXXXXX/

88,YOUR REF=MISCELLANEOUS CREDIT,REMARK=WITHHOLDING TAX TO: XXXXXXXXXX

88,<CCY> <Branch ID> FR: XXXXXXXXXX <CCY> <Branch ID> <YYYY> LPQXXXXXXXXXX 

BAI Withholding Tax Debit

16,699,<Amount>,0,LPQXXXXXXXXXXXXX/

88,YOUR REF=MISCELLANEOUS DEBIT,REMARK=WITHHOLDING TAX PARTICIPANTXXXXXXXXXX<CCY>

88,<Branch Name> MASTERXXXXXXXXXX<CCY><Branch Name> INTERCO LPQXXXXXXXXXXXXX TO:

88,XXXXXXXXXX FR: XXXXXXXXXX

16,699,<Amount>,0,LPQXXXXXXXXXXXXX/

88,YOUR REF=MISCELLANEOUS DEBIT,REMARK=WITHHOLDING TAX TO: XXXXXXXXXX

88,<CCY> <Branch ID> FR: XXXXXXXXXX <CCY> <Branch ID> <YYYY> LPQXXXXXXXXXX 

MT940 Principle Credit

:61:YYMMDD0303CY70968,71NMSCNONREF//LPQXXXXXXXXXXXXX

Miscellaneous Credit -399

:86:INTERCO P REF TO: XXXXXXXXXX <CCY> <Branch Name> FR: XXXXXXXXXX <CCY> <Branch Name> <YYYY>XXXX TO: <Account Name> FR: <Account Name>

:61:YYYYMMDD0310CY200000000,00NCMZNONREF//LPQXXXXXXXXXXXXX

Miscellaneous Credit -399

:86: INTERCO P REF TO: XXXXXXXXXX <CCY> <Branch>

FR: XXXXXXXXXX <CCY> <Branch> <YYYY> LPQXXXXXXXXXXXX

MT940 Principle Debit

:61:YYMMDD0303CY70968,71NMSCNONREF//LPQXXXXXXXXXXXXX

Miscellaneous Debit-699

:86:INTERCO P REF TO: XXXXXXXXXX <CCY> <Branch Name> FR: XXXXXXXXXX <CCY> <Branch Name> <YYYY>XXXX TO: <Account Name> FR: <Account Name>

:61:2503030303DY55693,27NMSCNONREF//LPQXXXXXXXXXXXXX

Miscellaneous Debit -699

:86: INTERCO P REF TO: XXXXXXXXXX <CCY> <Branch>

FR: XXXXXXXXXX <CCY> <Branch> <YYYY> LPQXXXXXXXXXXXX

MT940 Interest Credit

:61:YYMMDD0310CY200000000,00NCMZNONREF//LPQXXXXXXXXXXXXX

Miscellaneous Credit -399

:86:INTERCO I REF TO: XXXXXXXXXX <CCY> <Branch Name> FR: XXXXXXXXXX <CCY> <Branch Name> <YYYY>XXXX TO: <Account Name> FR: <Account Name>

:61: YYMMDD0801CP123,NMSCNONREF//LPQXXXXXXXXXXXX

Miscellaneous Credit -399

:86: INTERCO I REF TO: XXXXXXXXXX <CCY> <Branch>

FR: XXXXXXXXXX <CCY> <Branch> <YYYY> LPQXXXXXXXXXXXX

MT940 Interest Debit

:61:YYMMDD0303DY55693,27NMSCNONREF//LPQXXXXXXXXXXXXX

Miscellaneous Debit -699

:86:INTERCO I REF TO: XXXXXXXXXX <CCY> <Branch Name> FR: XXXXXXXXXX <CCY> <Branch Name> <YYYY>XXXX TO: <Account Name> FR: <Account Name>

:61: YYMMDD0801CP123,NMSCLATAM//LPQXXXXXXXXXXXX

Miscellaneous Debit -699

:86: INTERCO I REF TO: XXXXXXXXXX <CCY> <Branch>

FR: XXXXXXXXXX <CCY> <Branch> <YYYY> LPQXXXXXXXXXXXX

MT940 Withholding Tax Credit

:61:YYMMDD0303CY16472,47NMSCNONREF//LPQ640506206226

Miscellaneous Credit -399

:86:WITHHOLDING TAX PARTICIPANTXXXXXXXXXX<CCY><Branch Name> MASTERXXXXXXXXXX

<CCY> <Branch Name> INTERCO LPQXXXXXXXXXXXXX TO: XXXXXXXXXX FR:

XXXXXXXXXX

:61: YYMMDD0801CP123,NMSCLATAM//LPQXXXXXXXXXXXX

Miscellaneous Credit -399

:86:WITHHOLDING TAX REF TO: XXXXXXXXXX <CCY> <Branch>

FR: XXXXXXXXXX <CCY> <Branch> <YYYY> LPQXXXXXXXXXXXX

MT940 Withholding Tax Debit

:61:YYMMDD0303DY16472,47NMSCNONREF//LPQXXXXXXXXXXXXX

Miscellaneous Debit -699

:86:WITHHOLDING TAX PPARTICIPANTXXXXXXXXXX<CCY><Branch Name> MASTERXXXXXXXXXX

<CCY> <Branch Name> INTERCO LPQXXXXXXXXXXXXX TO: XXXXXXXXXX FR:

XXXXXXXXXX

:61: YYMMDD0801CP123,NMSCLATAM//LPQXXXXXXXXXXXX

Miscellaneous Debit -699

:86:WITHHOLDING TAX REF TO: XXXXXXXXXX <CCY> <Branch>

FR: XXXXXXXXXX <CCY> <Branch> <YYYY> LPQXXXXXXXXXXXX

Intercompany Loan interest rates

  • Pre-migration, daily index rates (i.e., SOFR) are calculated based on the most recent available market rate (i.e., SOFR rate for interest calculation is Value Date-1)
  • Post-migration, the interest calculation will be adjusted to reflect the Value Date (VD) market rate. Ad-hoc (On-demand) reports will need to be generated to see the Value Date (VD) market rate and calculation
  • During the intra-month migration, you may see reporting showing Value Date-1 (pre-migration) and VD (post-migration).

Please contact your J.P. Morgan representative with any questions.