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J.P. Morgan Adds Functionality and Features to Its Trade Channel Platform

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J.P. Morgan Adds Powerful Supply Chain Management Functionality and Features to Its Trade Channel Platform

September 20, 2011

TORONTO—J.P. Morgan (NYSE: JPM) Treasury Services sophisticated web-based platform, Trade Channel, has been enhanced to provide a single global platform to provide visibility into the entire range of a client's trade activities from initiation to payment. Designed to provide a powerful array of supply chain management tools integrated with JPMorgan ACCESS, our Treasury portal, the new Trade Channel further improves efficiency, reduces expense, mitigates risk, and helps streamline the trade-related payables and receivables processes.

Current Trade Channel clients, including the financial institutions clients that leverage J.P. Morgan's trade finance capabilities, will be transitioned to the enhanced platform beginning in September 2011 and continuing throughout the year.

"The next generation of Trade Channel meets the growing business needs of successful players in today's global trade environment," says Daniel Cotti, Global Trade Executive, J.P. Morgan Treasury Services. "As our clients expand internationally, Trade Channel provides a portal through which they can fund and manage their trade activities end-to-end."

The enhanced Trade Channel platform provides users with real-time access to critical trade flow information – a key element of Treasury's current focus on the supply chain and its impact on working capital. Over the coming year, Trade Channel's portal will provide a customizable client dashboard that can be used to monitor all aspects of the client's global trade business with J.P. Morgan around the globe, as well as access to training and reference materials from J.P. Morgan's Trade University.

New and enhanced Trade Channel features include:

  • Multi-lingual capabilities—English, Spanish, Portuguese, and Simplified Chinese with more to come
  • Integrated view of Letter of Credit applications, bank documents, document images, secure messages and both in-process and completed activities
  • Letter of Credit and Open Account Discrepant/Clean Presentation notification and response with integrated document image viewing
  • Document Presentation Inquiry that allows status tracking of documents presented through payment for better Days Sales Outstanding (DSO) and Days Payable Outstanding (DPO) management
  • More robust, user-defined reporting and data export capabilities
  • E-mail alerts customizable by user both in content and level of detail
  • Expanded browser support

"We believe many of the new features, particularly our language capabilities, are unique industry offerings. These platform enhancements reflect the research, discussion and partnership we have with our clients and are offered in response to their most pressing concerns," said Gerry Scalgione, Managing Director, and J.P. Morgan Treasury Services. "From the start, Trade Channel has evolved to meet our clients' current and future global trade requirements."

"Our clients in Asia will be particularly well served by the enhanced capability. Given the demanding nature of our clients in the competitive markets throughout Asia they will be able to better manage their cash flows and level of counterparty risk thanks to the real time visibility of their trade transactions," said Pravin Advani, Regional Trade Executive, J.P. Morgan Treasury Services.

Trade Channel currently supports a full range of network trade and traditional trade transactions:

  • Import and export Letters of Credit (LCs)
  • Private label LCs
  • Standby LCs and Letters of Guarantee
  • Import and export documentary collections
  • Open Account Trade transactions
  • Data inquiries and information management reporting

The platform provides 24-hour access to trade activities and customized workflows, views and security features. Designated security administrators control access to features and functionality at a user level, allowing user-specific entitlements, monetary approval limits for users at a product level, and a defined number of approvals required at a product level. As part of our Financial Institutions partnership program, Trade Channel can be rebranded for financial institutions clients to service the needs of their clients directly.

"Clients from every corner of the world leverage J.P. Morgan Global Trade offering for our global presence, technological and operational capabilities, and electronic solutions, such as Trade Channel, to manage their supply chain activities efficiently and effectively," added Cotti. "We help our clients respond more effectively to the challenges of international trade."

About J.P. Morgan Treasury Services

J.P. Morgan's Treasury Services business is a full-service provider of innovative cash management, trade, liquidity, commercial card 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. MorganTreasury 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.

About JPMorgan Chase & Co.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

Contacts

JPMorgan Chase & Co.
Alex Samuelson, +1-212-552-0735
alex.samuelson@jpmorgan.com

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