Cash Concentration Service Enhancements

To continue delivering best-in-class products and services, J.P. Morgan is implementing enhancements to how we process JIT Funding,  Cash Concentration Sweep, Intercompany Interest and Tax Settlement transactions.

For JIT Funding, standardization of narratives will be implemented within J.P. Morgan in phases for all EMEA locations. These changes will take effect on both the Participant account and Master account for your existing and any incremental setups.

For Cash Concentration Sweep, Intercompany Interest and Tax Settlement transactions, standardization of narratives will be implemented within J.P. Morgan in phases for all non-U.S. branch participant locations in APAC, EMEA, LATAM and NA, and for all intraday cross border sweeps with U.S. branch participant locations. These changes will take effect on both the Participant account and Master account for your existing and any incremental sweeps.

The enhancements will apply to the following sweep structures:

• JIT Funding
• Single Location Intraday Sweeps
• Cross Border End of Day Sweeps
• Cross Border Intraday Sweeps
• Reversal for End of Day Sweeps
• Intercompany Interest Settlement
• Intercompany Tax Settlement

The enhancements include:

• The standardization of JIT Funding Sweep narratives, making configuration easy for auto-reconciliation and integration with enterprise resource planning/treasury management systems.
• The standardization of Cash Concentration Sweep, Intercompany Interest and Tax Settlement transactional narratives, making configuration easy for auto-reconciliation and integration with enterprise resource planning/treasury management systems.

Please select the applicable region for more details.

If you have any questions about this change, please contact your Client Service/Sales representative.