J.P. Morgan Securities Services has launched securities lending in Taiwan. J.P. Morgan will be able to offer securities lending solutions to its clients with Taiwanese assets.
In Taiwan, JP Morgans clients have access to sub-custody, fund administration, collateral management and depositary receipts.
We are pleased to be able to offer our securities lending solutions in Taiwan, where we have seen an increasing interest for our securities lending value proposition. Our clients value JP Morgans conservative approach and financial strength, which are the backbone of our securities lending solutions, said Shaun Parkes, JP Morgans head of Worldwide Securities Services Asia ex-Japan.
As we continue to expand our capabilities, we remain focused on meeting the evolving needs of clients, such as the demand for transparency, the ability to control their individual investment guidelines and for risk mitigation tools whilst enhancing returns on their portfolios, added Paul Wilson, global head of securities lending relationship management and sales at JP Morgan.
J.P. Morgan also recently announced that it has been appointed sole provider of clearance, settlement and custody services by GreTai Securities Market (GTSM) for foreign government bonds.
J.P. Morgans clearance, settlement and custody solution for GTSM Taiwan’s over-the-counter exchange, will be initially used for the trading of U.S. Treasuries in Taiwan.
Banks, broker/dealers and bills companies will be able to trade U.S. Treasuries through GTSM, using ICAPs electronic fixed income trading platform, BrokerTec. Once the trades are completed, they will be sent to J.P. Morgans GlobeClear to be cleared and settled at the Federal Reserve and held under custody.