From startups to legacy brands, you're making your mark. We're here to help.
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Prepare for future growth with customized loan services, succession planning and capital for business equipment.
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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.
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Providing investment banking solutions, including mergers and acquisitions, capital raising and risk management, for a broad range of corporations, institutions and governments.
Your partner for commerce, receivables, cross-currency, working capital, blockchain, liquidity and more.
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A uniquely elevated private banking experience shaped around you.
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.
For Companies and Institutions
From startups to legacy brands, you're making your mark. We're here to help.
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.
Your partner for commerce, receivables, cross-currency, working capital, blockchain, liquidity and more.
Prepare for future growth with customized loan services, succession planning and capital for business equipment.
Providing investment banking solutions, including mergers and acquisitions, capital raising and risk management, for a broad range of corporations, institutions and governments.
For Individuals
A uniquely elevated private banking experience shaped around you.
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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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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We’re enhancing your payments experience with improved capabilities, integrated solutions and an efficient, modern platform. Please review the relevant clearing product pages below for details on how these changes may impact your business.
Expect the following changes as we migrate to the new global payments platform.
What’s Changing | How it’s Changing |
J.P. Morgan Transaction Reference Number |
Expect to see 12 characters instead of the previous 10 on your balance and transaction reports and statements. |
Batch Revaluation and Cancellation (including advising) |
Credit Transfer Payments: Transactions that are not completed on their original requested value date will be rolled to the next available value date. Payments will be rolled over up to 5 days.
Your account will be credited back on the same day and payments will continue to roll until the initial debit is completed or cancelled.
Upon completion, your account will be credited for the original value date and will be re-debited with the achieved value date. If cancelled, your account will be credited for the original value date without re-debiting. |
Billing Codes |
We will be providing new billing codes to enhance your statements. These will be available in due course. |
Credit facility |
Your Swiss ACH Credit Transfer (Payments) processing currently rely on an ACH Credit Line which will be transitioned to a default Pre-funded Model.
This change will require funds to be available on the account one (1) working day prior to the Requested Value Date in order to prevent delays. Processing based on Intra-day overdrawn positions is possible and would require a Credit Facility to be placed on your request. |
Future Dated Transactions |
These transactions will be supported with a date up to one (1) year, instead of the previous 180 calendar days. |
Host-to-Host Returns and Rejects Reporting |
There may be changes to this reporting due to reference updates. Expect notifications to occur on the processing date rather than the value date. |
Batch vs. Individual Reporting |
You will have the option to chose between individual and batch reporting. For individual reporting, payments will be processed as a batch but will be reported as individual transactions. |
Payer Control for Direct Debit Payments |
You will be able to provide specific instructions to block or allow the use of the direct debit payment method to pull funds from your account(s). |
Payment Cancellations |
Payment cancellation reporting will occur on the processing date rather than the value date. |
Reason Code Enhancements |
Error codes will be updated to display ISO industry standard details in any cancellation, rejection or return scenario. |
Stale Dated Transactions |
Payments and direct debits initiated with a date more than 30 days in the past will be rejected. |
Reporting |
Transaction (BAI) codes and descriptive texts will be revised to align with industry standards for a more streamlined and comprehensible reporting experience.
Refer to the table below for more details on BAI code changes. |
Take note of the following changes to your BAI Codes
Existing Description | Existing BAI | New Description | New BAI |
Book Transfer Debit |
506 |
Outgoing Credit Transfer Batch |
469 |
Incoming Money Transfer |
195 |
Outgoing Credit Transfer Individual Reject/Return |
266 |
Incoming Money Transfer |
195 |
Outgoing Credit Transfer Batch Reject |
266 |
Incoming Money Transfer |
195 |
Direct Debit Collection |
169 |
Book Transfer Debit |
506 |
Direct Debit Payment |
451 |
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