J.P. Morgan’s Treasury Services business has made its treasury management solutions available locally to clients in, or doing business in, the Brazilian marketplace.
“We are pleased to introduce our treasury management solutions locally to Brazil because it allows us to better support our clients in the rapidly growing Latin-America region,” stated Mike McKenzie, managing director and Latin America regional executive, J.P. Morgan Treasury Services. “As a result of this expansion of service, J.P. Morgan will be able to meet the cash management needs of companies in Brazil, as well as multi-nationals wanting to do business in the region, by providing local capabilities and regional expertise.”
“As the tenth largest economy in the world, Brazil offers an attractive financial market with tremendous growth potential, which is why J.P. Morgan has made such a significant commitment to this growing region,” explained Leonardo Lima, managing director and Latin-America product executive, J.P. Morgan Treasury Services. “We have put together a dedicated team including local sales and customer service staff that fully understands the nuances of Brazil’s unique cash management environment, allowing us to offer a best-in-class client experience.”
J.P. Morgan Brazil also offers the following capabilities:
DDA in Reais — provides local businesses with comprehensive functionality to transact domestic payments and credits, including DDA balances reflecting transaction settlement schedules, debit consolidation and zero balance management and electronic statements in the Febraban CNAB standardForeign Exchange (FX) Services — provides FX and cash management structures that enable FX spot transactions, multi-currency FX in US Dollars, Euros, Pounds and Yen, settlements in either same day or up to two days after FX closingTrade Finance Services – offers supply chain solutions and logistics services for importers and exporters including import and export financing, local guarantees and logistics supportEscrow Services – provides escrow services to support a wide variety of activities and transactions, acts as a neutral third party to hold and safeguard assets on behalf of contracting parties and invests assets in accordance with instructionsDepositary Receipts (ADR Services) – allows clients to attract investments around the globe, take advantage of a single depositary bank with a “cross-book” to facilitate investment in DR programs and support their liquidity