J.P. Morgan has new option for managing collateral
21 June 2012 Chicago
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J.P. Morgan Worldwide Securities Services (WSS) announced that its tri-party offering for Chicago Mercantile Exchange (CME) IEF4 program will begin supporting corporate bonds.
The change comes in conjunction with CME Clearing’s decision to expand eligible collateral to include corporate bonds.
"Expanding our collateral program allows us to continue to meet the needs of our very diverse customer base, particularly as we approach the new regulatory realities that require more collateral from market participants," said Kim Taylor, president at CME Clearing.
"We have worked closely with both buy-side and sell-side market participants to develop enhancements that reflect prudent risk management as well as provide more flexibility as they transition to OTC clearing."
The change comes in conjunction with CME Clearing’s decision to expand eligible collateral to include corporate bonds.
"Expanding our collateral program allows us to continue to meet the needs of our very diverse customer base, particularly as we approach the new regulatory realities that require more collateral from market participants," said Kim Taylor, president at CME Clearing.
"We have worked closely with both buy-side and sell-side market participants to develop enhancements that reflect prudent risk management as well as provide more flexibility as they transition to OTC clearing."
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