JPMorgan Launches Depositary Receipt Index Program.12 new indexes serve as investable benchmarks for global equity performance NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- JPMorgan today announced the launch of its first Depositary Receipt depositary receipt A negotiable certificate that represents a company's publicly traded debt or equity. Depositary receipts are created when a company's shares or bonds are delivered to a depositary's custodian bank, which instructs the depositary to issue Index program with a dozen indexes designed to provide retail and institutional investors with new investable benchmarks for global equity performance. JPMorgan's 12 new indexes are comprised of exchange-listed and traded American Depositary Receipts American Depositary Receipt (ADR) Certificates issued by a US depository bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue. (ADRs) and Global Depositary Receipts (GDRs). The six regional, three sector and three composite indexes are calculated real-time by Standard & Poor's and provide price return, as well as total return including dividend yield information. The indexes, which are the intellectual property of JPMorgan, are available through all major market data vendors and by using the JPDX prefix The beginning or to add to the beginning. To prefix a header onto a packet means to place the header characters in front of the packet. "To prefix" at the beginning is the opposite of "to append" characters at the end. See prepend. 1. on Bloomberg. Standard & Poor's provides the real-time daily calculation for these custom indexes. "This is JPMorgan's first Depositary Receipt Index program and we have designed these indexes to satisfy the growing demand for global investment products. Retail and institutional investors can now benchmark the performance of their international equity holdings against our indexes," said Claudine Cardillo-Rivot, global head of JPMorgan's Depositary Receipt business. "These indexes also provide investment opportunities for institutional investors and fund managers who are looking at developing new structured products." The indexes offer exposure to a broad range of companies in a variety of desirable sectors and markets. They are designed to be highly transparent to the investment community with rigorous screens to ensure their integrity. The indexes feature only highly liquid programs to ensure relevance and reliability. "The calculation of these 12 new indexes exemplifies Standard & Poor's ability to independently calculate real-time, custom solutions across all sectors and regions of the world," said Tim Eisenhauer, Senior Director at Standard & Poor's Index Services. "Through this agreement, Standard & Poor's Custom Index group will be the calculator behind JPMorgan's Depositary Receipt Index program which is expected to serve as the underlying basis of future structured products." The new JPMorgan Depositary Receipt Index program includes the following regional, sector and composite indexes: Regional Indexes JP Morgan Depositary Receipt Emerging Markets 100 Index (JPDXEMI) JP Morgan Depositary Receipt Brazil, Russia, India, China 50 Index (JPDXTOP) JP Morgan Depositary Receipt Korea, Taiwan, India 25 Index (JPDXKTI) JP Morgan Depositary Receipt Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. 30 Index (JPDXLAT) JP Morgan Depositary Receipt China 25 Index (JPDXPRC) JP Morgan Depositary Receipt Developed Markets 100 Index (JPDXDEV) Sector Indexes JP Morgan Depositary Receipt Oil, Gas, and Mining (OGM OGM Organismes Génétiquement Modifiés OGM Ogg Media (gaming) OGM Outgoing Message OGM Organic Growers of Michigan OGM Open Geodata Model OGM Oil and Gas Machinery OGM Optical Gateway Manager OGM Office of the General Manager ) 25 Index (JPDXOGM) JP Morgan Depositary Receipt Technology, Media, Telecom (TMT TMT 1 Tarsometatarsal 2 Thermomechanical treatment 3 Treatment, see there ) Index (JPDXTMT) JP Morgan Depositary Receipt Financial 25 Index (JPDXFIN) Composite Indexes JP Morgan Depositary Receipt Composite Index (JPDXCOM) JP Morgan Depositary Receipt Emerging Markets Composite Index (JPDXEMC) JP Morgan Global Depositary Receipt Composite Index (JPDXGDR) For market information on Depositary Receipts (DRs) and international equities go to JPMorgan's award-winning web site www.adr.com. For more information on JPMorgan's Depositary Receipt services go to http://www.jpmorgan.com/visit/adr DRs are securities that represent ownership in foreign corporations. These dollar-denominated securities typically trade on the U.S. and/or European markets and settle in accordance with those market standards. JPMorgan recently celebrated the 80th anniversary of the ADR, having created and launched the first-ever ADR on April 29, 1927 for British retailer Selfridges. Today, more than 1,800 companies from over 75 countries sponsor over 2,200 DR programs in the form of ADRs that list on U.S. exchanges or GDRs, which typically list in London or Luxembourg. The JPMorgan Depositary Receipts business is part of JPMorgan Worldwide Securities Services. About JPMorgan Worldwide Securities Services JPMorgan Worldwide Securities Services, a division of JPMorgan Chase JPMorgan Chase (NYSE: JPM TYO: 8634 ) is one of the oldest financial services firms in the world. The company, headquartered in New York City, is one of the leaders in investment banking, financial services, asset and wealth management and private equity. With assets of $1. Bank, N.A., is a global industry leader with $14.7 trillion in assets under custody. JPMorgan provides innovative custody, fund accounting and administration and securities services to the world's largest institutional investors, alternative asset managers and debt and equity issuers. JPMorgan Worldwide Securities Services leverages its scale and capabilities in more than 90 markets to help clients optimize efficiency, mitigate risk and enhance revenue through a broad range of investor services as well as securities clearance, collateral management and alternative investment services. About JPMorgan Chase JPMorgan Chase & Co. (NYSE NYSE See: New York Stock Exchange : JPM JPM J. P. Morgan Chase & Co. (stock symbol) JPM Juan Pablo Montoya (formula 1 driver) JPM Jabatan Perdana Menteri (Malaysia) JPM Journal of Property Management ) is a leading global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firm with assets of $1.4 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. , asset and wealth management, and private equity. A component of the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. , JPMorgan Chase serves millions of consumers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and many of the world's most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Information about the firm is available at www.jpmorganchase.com. |
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