JP Morgan executes first tri-party collateral-management deal in Japan
Collateral management head Karl Wyborn says the transaction is a breakthrough that changes the game in Japan.
JP Morgan has executed what it says is the first tri-party collateral management transaction with two Japanese domestic institutions.
This deal is a real "game changer" in the local market, and similar deals in Japan and Australia are likely to follow, says Karl Wyborn, Asia-Pacific head of collateral management at JP Morgan Worldwide Securities Services in Hong Kong.
Wyborn says tri-party arrangements were tested during the fallout of the financial crisis 18 months ago and proved to …
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