May 13, 2009

Describing India as "an important market for [J.P. Morgan]," the New York-based firm has announced the launch of its Escrow Services in India, positioning the new services as an important complement to the cash management and trade finance products already offered in the market.

According to J.P. Morgan ($2.1 trillion in assets), its suite of Escrow Services is customized to cover the needs that arise in any company's business, including escrow structures for mergers and acquisitions, regulatory payments and raising capital. "We are committed to servicing our clients both in-country and cross-border. Setting up an escrow with J.P. Morgan is a fast, secure and efficient way to safeguard your designated assets and mitigate risk for critical transactions," said Christine Doria, Escrow and Bankruptcy Services - product executive for J.P. Morgan Treasury Services, in a release announcing the launch. Added Rajiv Jain, head of J.P. Morgan Treasury Services in India and South Asia, added: "Clients are finding that the use of secured assets through an Escrow Service can assist in cash collateralizing credit usage — enabling access to greater amounts of liquidity."

Clients of the Escrow Services have access to a range of related cash management and trade finance services, such as foreign exchange to address currency risk in cross-border transactions, according to the company, which also noted the strengths of its risk management policies, strong balance sheet and capital base. J.P. Morgan is leveraging the services and products of its Worldwide Securities Services division as well as its Investment Bank and Asset Management lines of business to provide its customers with one-stop solutions.