21 October 2017
visit www.atos.net

JPMorgan initiates same-day settlement for euro CP

09 August 2002  |  5758 views  |  0 JPMorgan initiates same-day settlement  for euro CP

JPMorgan Institutional Trust Services has initiated same-day settlement of the first euro commercial paper (ECP) issuance via Euroclear France.

JPMorgan Securities was dealer for ECP issuer Reseau Ferre De France, the owner and the manager of the French railway infrastructure, rated A1+/P1/F1+.

JPMorgan is the first issuing and paying agency (IPA) to provide automated same-day settlement to the euro market.

Ray Morison, a vice president of JPMorgan who serves as chairman of the International Paying Agents Association, says: "The combination of automated same-day settlement and the European pre-issuance messaging initiative will lay the foundation for straight-through processing for the euro market."

The European Pre-Issuance Messaging (EPIM) initiative, sponsored by Euroclear, Clearstream and The Depository Trust & Clearing Corporation (DTCC), will reduce the time needed to obtain an International Securities Identification Number. JPMorgan settled its first ECP issue via the EPIM system on 22 July, 2002.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

JPMorgan joins TradeWeb CP platform

JPMorgan joins TradeWeb CP platform

08 August 2002  |  5643 views  |  0 comments
JPMorgan Treasury Services introduces supply chain outsourcing service

JPMorgan Treasury Services introduces supply chain outsourcing service

06 August 2002  |  5509 views  |  0 comments
Invesco Web-enables broker review process with JPMorgan TradeStarr

Invesco Web-enables broker review process with JPMorgan TradeStarr

16 July 2002  |  3582 views  |  0 comments
JPMorgan implements Currenex auto-pricing link

JPMorgan implements Currenex auto-pricing link

17 June 2002  |  3733 views  |  0 comments

Related company news

 

Related company information

JPMorgan Chase

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.niceactimize.comvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
9159 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8744 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7860 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7353 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6971 views comments | 14 tweets | 23 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job