JPMorgan Top in CLS Survey, Launches Corporate Administration Service
JPMorgan has been rated the bank most likely to be chosen to provide Continuous Linked Settlement (CLS) third-party services in a recent FImetrix survey. One hundred and thirteen actual and potential third-party CLS customers were involved in the survey and, of the potential customers, 90 per cent of respondents said they expected to select a third party provider by 2005, according to FImetrix. Separately, JPMorgan has launched its Corporate Administration service in Dublin. The service enables the bank’s clients to set up special purpose vehicles for securitisation transactions and forms an extension of its existing trust and agency services.