J.P. Morgan (NYSE:JPM) Selected by Canadian Governmentt for Collateral Management Services

JP Morgan Worldwide Securities Services today announced that it has been selected by the Government of Canada to provide an expanded set of collateral management services for derivatives A derivatives collateral management client since March 2002 the Government of Canada also utilizes the firms treasury management and derivatives trading services

Darren Measures clearance collateral management sales head for J P Morgan said We are very pleased to extend our relationship with the Government of Canada In a market where credit risk mitigation is the focus of industry attention JP Morgan continues to lead the market in derivatives collateral management outsourcing based on our business knowledge reputation in derivatives and collateral management expertise

Having introduced the industrys first end-to-end collateral management solution for OTC derivatives service in 2005 JP Morgan now manages balances of over 70 billion in collateral on behalf of more than 40 clients

JP Morgans collateral management solutions enable clients to better reduce their counterparty credit risk through effective and efficient collateralization For OTC derivatives services include Credit Support Annex (CSA) management margin demand agreement and dispute management automated OTC portfolio reconciliation collateral eligibility testing valuation and agreement collateral settlement instruction and safekeeping re-hypothecation substitutions management cash reinvestment and asset servicing (Marketwatch)