JPMorgan Treasury Services, JPMorgan's corporate and investment Bank (CIB), has launched its unitized time deposit (UTD) investment capabilities in Asia Pacific in a move to bolster its liquidity management solutions in the region.
"Given today's ongoing global uncertainty, corporates are looking to make their cash work even harder without compromising on their liquidity," said David Li, head of liquidity for Asia Pacific at JPMorgan Treasury Services. "JPMorgan's unitized time deposit is a unique capability that brings daily flexibility and attractive yields to clients, all within a fully-automated and integrated liquidity platform."
JPMorgan's UTD has been designed to help corporate clients address the challenge of forecasting past short-term maturities as it allows funds to be layered in tranches with what is effectively a rolling daily maturity.
In addition to providing greater flexibility in terms of liquidity, UTD will also provide a more attractive yield when compared with other short-term investments, such as interest-bearing demand deposit accounts (DDAs) and traditional time deposits.
JP Morgan's UTD investment solution will include the ability to optimise investments and liquidity through use of end-of-day balances to ensure maximum investment of available balances; and automatically invest daily surplus balances or cover daily overdrafts up to instruction deadlines.
In addition, the UTD will provide access to streamlined investment processing by using a linked account which separates daily investment transactions from operating transactions; and provides as access to automated processing and the choice to use it as a complement to an active investment programme.