JPMORGAN GOES 'LIVE' WITH T-ZERO

- New platform provides immediate affirmation of key trade terms
- Facilitates confirmation between parties on trade date
- Alleviates many of the key operational issues

London and New York, October 20, 2005 – T-Zero, a platform dedicated to achieving operational efficiencies in the credit derivatives markets, today announced that JPMorgan has gone ‘live’ on its post-trade processing platform. The adoption of T-Zero by JPMorgan places both firms in a central role to address the backlog of credit derivative confirmations recently highlighted by the Federal Reserve, Financial Services Authority (FSA) and the Bank of England.

Guy America, head of European credit trading at JPMorgan said: "We have been actively involved in the development of T-Zero from the start. The platform is precisely what the market needs to underpin its growth, and we look forward to continuing to work with T-Zero to bring further benefits to our broad client base."

T-Zero presented its platform to over 40 of JPMorgan’s clients last week. The presentation was the first of several being planned by T-Zero in cooperation with the major dealers who have signed up to the platform.

Mark Beeston, president of T-Zero said: "We are delighted to be partnering with JPMorgan to bring new clients to the platform in this way. This is the first time a major bank has invited us to address a broad group of clients at an in-house client event. It demonstrates JPMorgan’s commitment to ensuring the market adopts solutions that benefit everyone."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development