jpmorgan-wins-new-ocbc-trade-mandate

JPMorgan wins new OCBC trade mandate

The US bank will process OCBCÆs import and export transactions on a white-label basis.

By Howard Winn

August 21, 2007

JPMorgan Treasury Services has announced that it has been selected by OCBC Bank as its trade processing partner. In what is a new mandate, the collaboration covers processing, on a white-labelled basis, of OCBC's import and export transactions both letters of credit and collections on behalf of its overseas branches in eight locations.

JPMorgan says that its suite of trade finance solutions enables financial institutions to significantly reduce overheads, while meeting all aspects of their customers' trade finance needs and maintaining a presence in the ever-competitive global trade business.

ôWe are pleased to be able to broaden the scope of our relationship with JPMorgan with this collaboration in trade services,ö says...

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