The Repo Trade Matching Engine can take trade instructions via a variety of different messaging types from Tri-Party Repo Cash Lenders. These Lendersâincluding asset managers, pensions, and government institutionsâwill be able to view the matching status of their trades through J.P. Morganâs proprietary Repo Access platform. Tri-Party Repo Dealers will be able to view the matching status of their trades through J.P. Morganâs Broker Dealer Automated System (BDAS).
According to Mark Trivedi, J.P. Morgan Executive Directorfor Global Custody and Clearing, âThis functionality is a key step towards improving market transparency, a primary area of focus for the Task Force. By introducing this functionality early, cash lenders in the J.P. Morgan tri-party program get an advance start on their transition to the new matching process.â J.P. Morgan is introducing these new tools and processes to its cash lender clients, prior to the August 2011 deadline set for the Task Force for three-way trade matching.
Collateral management is a vital risk management tool for institutions seeking to generate additional value from their portfolios while effectively managing their credit risk. J.P. Morganâs fixed income clearing and collateral management solution helps clients seamlessly manage their government clearance and tri-party repo financing needs, with automation and technology that integrates these activities to better manage net exposure.
As a leading provider of clearance and collateral management services to the U.S. fixed income markets, J.P. Morgan has taken an active leadership role in tri-party repo infrastructure reform and currently serves as Co-Chair of the Operational Arrangements Working Group. Repo Access and the Repo Trade Matching Engine are the latest in a series of innovative new products and services being introduced as part of J.P. Morganâs Global Collateral Engine initiative, a multiyear strategic investment program to deliver fully global, enterprise-wide collateral management.