- Web-based Self-Assessment Tool in Native Language

SIBOS-SINGAPORE - 20 October, 2003 - JPMorgan Treasury Services (TS)a unit of JPMorgan Chase and a leader in global payment, liquidity and treasury management, today announced Chinese language capability enhancements to JPMorgan Horizon(SM), its web-based, enterprise-wide operational risk management product. JPMorgan Horizon helps managers of banks and central banks to document the controls established to mitigate risk, evaluate the effectiveness of business units' compliance with defined controls, identify areas of risk which lack control procedures, and establish and monitor control action plans. By understanding the organization's risk profile, management can make more informed strategic and expenditure decisions.

Financial institutions and large corporations in China can now leverage the
tested capabilities that the Horizon system provides, in a Chinese language
version of this innovative solution. By using a proven risk management tool
which has been adapted to local market needs, clients can improve further on
their own ability to identify and manage operational risk.

"With globalization and fast-paced modernization, companies will need to have a good operational risk management program to help them face the many unknowns of operating in unfamiliar territories," says Carl Walter, Managing Director and COO of Greater China for JPMorgan. He adds, "Part of operational risk management is about having the people at the working level self-assess the operational risk around the activities they perform. To effectively allow that to happen, you need a systematic way of communicating the relevant risk guidelines and capture their assessment. We want to help companies in China leverage sound methodology and technology in this area and that's why we decided to invest in enhancing a Chinese language capability on an already proven operational risk management system."

Craig Spielmann, Horizon Business Executive for JPMorgan TS, explains, "We want to position Horizon as a solution that can empower firms to better report to their regulators and improve their operational risk performance. Knowing your company's strengths and weaknesses is critical to achieving success."

JPMorgan Treasury Services' Horizon ( risk management solution provides companies and enterprises with a clearer picture of the operational risks they face, while saving time and money by streamlining, updating, reporting and monitoring risks and controls. Horizon is relied on by some of the world's leading institutions, such as central banks, investment and retail banks, insurance companies, mortgage companies and energy companies to effectively manage risk and assist with regulatory reporting for Sarbanes-Oxley and Basel II.

Press Contacts: Stefanie Davidson
+44 (0)7786 563 537
Philippe Jeanjean
Tom Coombes, Cognito
+44 (0)20 7936 9058

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