JPMorgan Settles First Euro Commercial Paper Issue Via EPIM Using Internal Automated Systems.Business Editors LONDON & NEW YORK--(BUSINESS WIRE)--July 29, 2002 JPMorgan (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 ) announced today that on July 22 it settled its first Euro Commercial Paper (ECP (Enhanced Capabilities Port) See IEEE 1284. 1. ECP - Engineering Change Proposal. 2. ECP - Enhanced Capabilities Port. 3. ECP - Extended Capabilities Port. 4. ECP - Extended Concurrent Prolog. ) issue via the European Pre-Issuance Messaging (EPIM (Ethernet Port Interface Module) A plug-in module for a particular type of Ethernet port. Used in network devices such as hubs and switches, it enables different types of Ethernets (10Base-T, 10Base2, etc.) to be attached. ) system. EPIM, coupled with JPMorgan's enhanced straight-through processing straight-through processing The direct exchange of cash and securities. Straight-through processing is a major objective for cross-border transactions that are generally much more costly to settle compared to domestic transactions. systems, is expected to facilitate same-day settlement and help promote market liquidity. In addition to being a model for the industry, the JPMorgan processing solution is "cost-effective, fast, reliable, and efficient," said Samir Pandiri, a senior vice president of JPMorgan. "It again marks JPMorgan as a leader in technological innovation and in proactively addressing market demands." The JPMorgan solution is automated through to its main operating platform, which is why it represents such an important first step toward market-wide straight-through processing. EPIM, a joint venture of Euroclear, Clearstream International, and The Depository Trust & Clearing Corporation, standardizes the messaging link for the ECP market, enabling dealers, issuing and paying agents, and national numbering agencies to exchange issuance information and obtain ISINs from the clearing systems quickly. J.P. Morgan Chase & Co. is a leading global financial services firm with assets of $741 billion and operations in more than 50 countries. With relationships with over 99% of the Fortune 1000 companies, the firm is a leader in investment banking, asset management, private banking, private equity, custody and transaction services, and retail and middle market financial services. 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 is headquartered in New York and serves more than 30 million consumer customers and the world's most prominent corporate, institutional and government clients. Information about JPMorgan Chase is available on the Internet at www.jpmorganchase.com. |
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