Collateral is on the front line for J.P. Morgan
18 June 2013 London
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J.P. Morgan has ramped up its collateral management business鈥攊ncluding increased asset tracking鈥攖o help clients navigate new industry regulations.
The firm indicated that core to these enhancements is 鈥淐ollateral Central鈥�, which provides clients with advanced asset tracking, margin management, proprietary optimisation algorithms and analytics to support collateral activities across a wide range of derivatives, securities and cash transactions in real time.
These capabilities aim for collateral management to be moved to the front line of trading and portfolio management decision making.
Collateral Central includes the introduction of an innovative virtual global longbox for J.P. Morgan clients鈥攁 single view of their collateral assets and obligations鈥攁s well as access to experts with whom they can discuss their collateral situation.
Kelly Mathieson, J.P. Morgan鈥檚 global head of collateral management, said: 鈥淐lients are faced with increased market complexity and a changing regulatory environment with regard to how they think about their collateral."
"Collateral Central can help them navigate this new landscape. For the first time, clients can manage and optimize their entire collateral portfolio, regardless of counterparty, custodian or clearing bank and across all supported geographies. J.P. Morgan is the only collateral agent able to offer this comprehensive global solution.鈥�
Ricky Maloney, co-head of service delivery for IGNIS Asset Management, said that under the new regulatory framework, collateral has become very valuable to his firm.
鈥淯nderstanding all the assets we hold, and the margin and other obligations that need to be met, allows us to manage our collateral optimally. Ultimately, that affects our bottom line.鈥�
The service was created and will be managed by the J.P. Morgan鈥檚 Agency Clearing, Collateral Management and Execution (ACCE) business within the Corporate & Investment Bank.
The firm indicated that core to these enhancements is 鈥淐ollateral Central鈥�, which provides clients with advanced asset tracking, margin management, proprietary optimisation algorithms and analytics to support collateral activities across a wide range of derivatives, securities and cash transactions in real time.
These capabilities aim for collateral management to be moved to the front line of trading and portfolio management decision making.
Collateral Central includes the introduction of an innovative virtual global longbox for J.P. Morgan clients鈥攁 single view of their collateral assets and obligations鈥攁s well as access to experts with whom they can discuss their collateral situation.
Kelly Mathieson, J.P. Morgan鈥檚 global head of collateral management, said: 鈥淐lients are faced with increased market complexity and a changing regulatory environment with regard to how they think about their collateral."
"Collateral Central can help them navigate this new landscape. For the first time, clients can manage and optimize their entire collateral portfolio, regardless of counterparty, custodian or clearing bank and across all supported geographies. J.P. Morgan is the only collateral agent able to offer this comprehensive global solution.鈥�
Ricky Maloney, co-head of service delivery for IGNIS Asset Management, said that under the new regulatory framework, collateral has become very valuable to his firm.
鈥淯nderstanding all the assets we hold, and the margin and other obligations that need to be met, allows us to manage our collateral optimally. Ultimately, that affects our bottom line.鈥�
The service was created and will be managed by the J.P. Morgan鈥檚 Agency Clearing, Collateral Management and Execution (ACCE) business within the Corporate & Investment Bank.
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