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J.P. Morgan Expands Liquidity Management Capabilities With Launch of Unitized Time Deposits In Asia Pacific

Unitized Time Deposits achieve better returns on excess cash, flexible liquidity and
simplified cash flow management

Osaka, October 25, 2012 – With the launch of its Unitized Time Deposit (UTD) investment capabilities in Asia Pacific, J.P. Morgan Treasury Services has added to its suite of innovative liquidity management solutions.

Designed and developed to help corporate clients address the challenge of forecasting past short-term maturities (i.e. past 7 days), the fully-automated Unitized Time Deposit investment solution allows funds to be layered in tranches with what is effectively a rolling daily maturity.  In addition to providing greater flexibility in terms of liquidity, Unitized Time Deposits also generally provide a more attractive yield when compared with other short-term investments such as interest bearing demand deposit accounts (DDAs) and traditional time deposits, while at the same time leveraging J.P. Morgan’s strong counterparty rating.

Key benefits of J.P. Morgan’s Unitized Time Deposit investment solution include:

  • The ability to optimize investments and liquidity through use of end-of-day balances to ensure maximum investment of available balances; and automatically invest daily surplus balances or cover daily overdrafts up to instruction deadlines
  • Streamlined investment processing by using a linked account which separates daily investment transactions from operating transactions, simplifying the reconciliation process
  • Automated processing which reduces the costs around manual reconciliation of end-of-day balance positions and avoids the risk of miscalculating those positions
  • Enhanced flexibility with the option of using Unitized Time Deposits as a complement to an active investment program

David Li, Head of Liquidity, Asia Pacific, J.P. Morgan Treasury Services, said: “Given today’s ongoing global uncertainty, corporates are looking to make their cash work even harder without compromising on their liquidity. J.P. Morgan’s Unitized Time Deposit is a unique capability that brings daily flexibility and attractive yields to clients, all within a fully-automated and integrated liquidity platform.”

The first phase of the Unitized Time Deposit rollout involving India, Korea, Indonesia and Malaysia is now complete, with further markets to be added through 2013.

J.P. Morgan Treasury Services is a business that resides within J.P. Morgan’s Corporate & Investment Bank (CIB).

About J.P. Morgan Treasury Services
J.P. Morgan’s Treasury Services business is a full-service provider of innovative cash management, trade, liquidity and escrow services -- specifically developed to meet the challenges treasury professionals face today.   More than 135,000 corporations, financial institutions, governments and municipalities in over 180 countries and territories entrust their business to J.P. Morgan.  J.P. Morgan Treasury Services is one of the world's largest providers of treasury management services and a division of JPMorgan Chase Bank, N.A., member FDIC. More information can be found at www.jpmorgan.com/ts.

About J.P. Morgan’s Corporate & Investment Bank
J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18.2 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.  Further information about J.P. Morgan is available at www.jpmorgan.com.

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