Commercial Banking

From startups to legacy brands, you're making your mark. We're here to help.

  • Innovation Economy
    Fueling the success of early-stage startups, venture-backed and high-growth companies.
  • Midsize Businesses
    Keep your company growing with custom banking solutions for middle market businesses and specialized industries.
  • Large Corporations
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  • Commercial Real Estate
    Capitalize on opportunities and prepare for challenges throughout the real estate cycle.
  • Community Impact Banking
    When our communities succeed, we all succeed. Local businesses, organizations and community institutions need capital, expertise and connections to thrive.
  • International Banking
    Power your business' global growth and operations at every stage.

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Credit and Financing

Prepare for future growth with customized loan services, succession planning and capital for business equipment.

  • Asset Based Lending
    Enhance your liquidity and gain the flexibility to capitalize on growth opportunities.
  • Equipment Financing
    Maximize working capital with flexible equipment and technology financing.
  • Trade & Working Capital
    Experience our market-leading supply chain finance solutions that help buyers and suppliers meet their working capital, risk mitigation and cash flow objectives.
  • Syndicated Financing
    Leverage customized loan syndication services from a dedicated resource.
  • Commercial Real Estate
    Capitalize on opportunities and prepare for challenges throughout the real estate cycle.
  • Employee Stock Ownership Plans
    Plan for your business’s future—and your employees’ futures too—with objective advice and financing.

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Institutional Investing

Serving the world's largest corporate clients and institutional investors, we support the entire investment cycle with market-leading research, analytics, execution and investor services.

  • Institutional Investors
    Putting your long-tenured investment teams on the line to earn the trust of institutional investors.
  • Markets
    Direct access to market leading liquidity harnessed through world-class research, tools, data and analytics.
  • Prime Services
    Helping hedge funds, asset managers and institutional investors meet the demands of a rapidly evolving market.
  • Global Research
    Leveraging cutting-edge technology and innovative tools to bring clients industry-leading analysis and investment advice.
  • Securities Services
    Helping institutional investors, traditional and alternative asset and fund managers, broker dealers and equity issuers meet the demands of changing markets.

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Investment Banking

Providing investment banking solutions, including mergers and acquisitions, capital raising and risk management, for a broad range of corporations, institutions and governments.

  • Center for Carbon Transition
    J.P. Morgan’s center of excellence that provides clients the data and firmwide expertise needed to navigate the challenges of transitioning to a low-carbon future.
  • Corporate Finance Advisory
    Corporate Finance Advisory (“CFA”) is a global, multi-disciplinary solutions team specializing in structured M&A and capital markets. Learn more.
  • Development Finance Institution
    Financing opportunities with anticipated development impact in emerging economies.
  • Sustainable Solutions
    Offering ESG-related advisory and coordinating the firm's EMEA coverage of clients in emerging green economy sectors.
  • Mergers and Acquisitions
    Bespoke M&A solutions on a global scale.
  • Capital Markets
    Holistic coverage across capital markets.

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Payments

Your partner for commerce, receivables, cross-currency, working capital, blockchain, liquidity and more.

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Private Bank

A uniquely elevated private banking experience shaped around you.

  • Banking
    We have extensive personal and business banking resources that are fine-tuned to your specific needs.
  • Investing
    We deliver tailored investing guidance and access to unique investment opportunities from world-class specialists.
  • Lending
    We take a strategic approach to lending, working with you to craft the fight financing solutions matched to your goals.
  • Planning
    No matter where you are in your life, or how complex your needs might be, we’re ready to provide a tailored approach to helping your reach your goals.

Wealth Management

Whether you want to invest on your own or work with an advisor to design a personalized investment strategy, we have opportunities for every investor.


  • Invest on your own
    Unlimited $0 commission-free online stock, ETF and options trades with access to powerful tools to research, trade and manage your investments.
  • Work with our advisors
    When you work with our advisors, you'll get a personalized financial strategy and investment portfolio built around your unique goals-backed by our industry-leading expertise.
  • Expertise for Substantial Wealth
    Our Wealth Advisors & Wealth Partners leverage their experience and robust firm resources to deliver highly-personalized, comprehensive solutions across Banking, Lending, Investing, and Wealth Planning.

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For Companies and Institutions

  • Commercial Banking

    From startups to legacy brands, you're making your mark. We're here to help.

  • Institutional Investing

    Serving the world's largest corporate clients and institutional investors, we support the entire investment cycle with market-leading research, analytics, execution and investor services.

  • Payments

    Your partner for commerce, receivables, cross-currency, working capital, blockchain, liquidity and more.

  • Credit & Financing

    Prepare for future growth with customized loan services, succession planning and capital for business equipment.

  • Investment Banking

    Providing investment banking solutions, including mergers and acquisitions, capital raising and risk management, for a broad range of corporations, institutions and governments.

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For Individuals

  • Private Bank

    A uniquely elevated private banking experience shaped around you.

  • Wealth Management

    Whether you want to invest on you own or work with an advisor to design a personalized investment strategy, we have opportunities for every investor.

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Who We Serve

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All Insights

Explore a variety of insights.

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Insights by Topic

Explore a variety of insights organized by different topics.

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Insights by Type

Explore a variety of insights organized by different types of content and media.  

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About Us

We aim to be the most respected financial services firm in the world, serving corporations and individuals in more than 100 countries.

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Cash Concentration Service Enhancements: International (except Mainland China)

Existing single location single currency and cross-border single currency sweeps narratives will be updated.

Back value sweeps processed with a value date prior to the transition date will be based on the sweep configuration at the time of transition.

U.S. account numbers will be standardized to 15 digits, while international account numbers will be 10 digits (except accounts in the Brussels branch, which will be 12 digits).

Channel          Current Platform New Platform
Swift MT940 (Version 1)
 :61: 2209300930DY500000, NCMZNONREF / / LPQXXXXXXXXXXXX
Sweep Debit – Zero Bal – 575
:86: SWEEP REF
TO: XXXXXXXXXX JPY SINGAPORE
FR: XXXXXXXXXX JPY TOKYO, JAPAN
<YYYY> LPQXXXXXXXXXXXX
TO: CR ACCOUNT NAME
FR: DR ACCOUNT NAME		 :61: 2209300930DY11711342832, NCMZF726907 / / LPQXXXXXXXXXXXX
Sweep Debit – Zero Bal – 575
:86: SWEEP REF XXXXXXX TO: XXXXXXXXXX JPY SINGAPORE FR: XXXXXXXXXX JPY TOKYO, JAPAN <YYYY> LPQXXXXXXXXXXXX TO:  CR ACCOUNT NAME FR: DR ACCOUNT NAME
Swift MT940 (Version 2) :61:2210181018CR6608421,97NCMZNONREF//LPQXXXXXXXXXXXX
:86:BAI-275 Detail ZBA Credit++, SWEEP REF To XXXXXXXXXX INR Mumbai, India Fr XXXXXXXXXX INR Mumbai, India <YYYY> LPQXXXXXXXXXXXX To ACCOUNT NAME Fr ACCOUNT NAME AR		 :61:2210181018CR6608421,97NCMZNONREF//LPQXXXXXXXXXXXX
:86:BAI-275 DETAIL ZBA CREDIT++, SWEEP REF TO XXXXXXXXXX INR MUMBAI, INDIA FR XXXXXXXXXX INR MUMBAI, INDIA <YYYY>  LPQXXXXXXXXXXXX TO ACCOUNT NAME FR ACCOUNT NAME AR
Swift MT940 Debit via Host-to-Host (Version 1)
 :61:2210181018CR6608421,97NCMZNONREF//LPQXXXXXXXXXXXX
:86:BAI-575 Detail ZBA Debit; SWEEP REF To 1111111111 INR Mumbai, India Fr 9999999999 INR Mumbai, India <YYYY>  LPQXXXXXXXXXXXX To CR ACCOUNT NAME Fr DR ACCOUNT NAME		 :61:2111291129DD946937,57NCMZ006301546044509//LPQXXXXXXXXXXXX
:86:BAI=575;YOUR REF=ZERO BALANCING,REMARK=SWEEP REF XYZ TO: 1111111111 INR MUMBAI FR: 9999999999 INR MUMBAI <YYYY>  LPQXXXXXXXXXX TO: CR ACCOUNT NAME FR: DR ACCOUNT NAME
Swift MT940 Debit via Host-to-Host (Version 2) :61:2403190319DD22720,06NCMZXXXXXXXX//LPQXXXXXXXXXXXX
:86:575;YOUR REF=ZERO BALANCING;REMARK=SWEEP REF TO: 111111111 GBP LONDON, UK FR: 999999999 GBP LONDON, UK,<YYYY> LPQXXXXXXXXXXXX		 :61:2111291129DD946937,57NCMZ006301546044509//LPQXXXXXXXXXXXX
:86:BAI=575;YOUR REF=ZERO BALANCING,REMARK=SWEEP REF XYZ TO: 1111111111  GBP LONDON FR: 9999999999  GBP LONDON <YYYY>  LPQXXXXXXXXXX TO: CR ACCOUNT NAME FR: DR ACCOUNT NAME
Swift MT940 Credit via Host-to-Host (Version 1) :61:2210181018CR6608421,97NCMZNONREF//LPQXXXXXXXXXXXX
:86:BAI-275 Detail ZBA Credit; SWEEP REF To 1111111111 INR Mumbai, India Fr 9999999999 INR Mumbai, India <YYYY> LPQXXXXXXXXXXXX To CR ACCOUNT NAME Fr DR ACCOUNT NAME		 :61:2111291129DD946937,57NCMZ006301546XXXXX//LPQXXXXXXXXXXXX
:86:BAI=275;YOUR REF=ZERO BALANCING,REMARK=SWEEP REF XYZ TO: 1111111111 INR MUMBAI FR: 9999999999 INR MUMBAI <YYYY>  LPQXXXXXXXXXX TO: CR ACCOUNT NAME FR: DR ACCOUNT NAME
Swift MT940 Credit via Host-to-Host (Version 2) :61:2403190319CM22720,06NCMZXXXXXXXX//LPQXXXXXXXXXXXX
:86:275;YOUR REF=ZERO BALANCING;REMARK=SWEEP REF TO: 1111111111 GBP LONDON, UK FR: 9999999999 GBP LONDON, UK <YYYY> LPQXXXXXXXXXXXX		 :61:2111291129DD946937,57NCMZ006301546044509//LPQXXXXXXXXXXXX
:86:BAI=275;YOUR REF=ZERO BALANCING,REMARK=SWEEP REF XYZ TO: 1111111111 GBP LONDON FR: 9999999999 GBP LONDON <YYYY>  LPQXXXXXXXXXX TO: CR ACCOUNT NAME FR: DR ACCOUNT NAME
BAI Debit via Host-to-Host (Version 1)
 16,575,520730,0,LPQXXXXXXXXXXXX,53700XXXXX/
88,PAYDET=SWEEP REFXYZTo: 1111111111 USD Mumbai, IndiaFr: 9999999999 USD Mumbai, I
88,ndia<YYYY> LPQXXXXXXXXXXXX		 16,575,34012508,0,LPQXXXXXXXXXXXX,88300XXXXX/
88,YOUR REF=ZERO BALANCING,REMARK=SWEEP REF XYZ TO: 1111111111 USD MUMBAI F
88,R: 9999999999 USD MUMBAI <YYYY> LPQXXXXXXXXXXXX TO: ACC NAME 1 FR:
88,ACC NAME 2
BAI Debit via Host-to-Host (Version 2) 16,575,35656562,0,LPQXXXXXXXXXXX,769XXXXXXX/
88,YOUR REF=ZERO BALANCING,REMARK=SWEEP REF TO: 1111111111 GBP LONDON, UK FR: 0
88,999999999 GBP LONDON, UK <YYYY> LPQXXXXXXXXXXXX		 16,575,34012508,0,LPQXXXXXXXXXXXX,8830XXXXX/
88,YOUR REF=ZERO BALANCING,REMARK=SWEEP REF XYZ TO: 1111111111 GBP LONDON F
88,R: 9999999999 GBP LONDON <YYYY> LPQXXXXXXXXXXXX TO: ACC NAME 1 FR:
88,ACC NAME 2
BAI Credit via Host-to-Host (Version 1) 16,275,37986990,S,37986990,0,0,LPQXXXXXXXXXXXX,883005XXXXX/
88,PAYDET=SWEEP REF XYZTo: 1111111111 USD SingaporeFr: 9999999999
88,USD Singapore<YYYY>LPQXXXXXXXXXXXX		 16,275,37986990,S,37986990,0,0,LPQXXXXXXXXXXXX,88300XXXXX/
88,YOUR REF=ZERO BALANCING,REMARK=SWEEP REF XYZ TO: 1111111111 USD SINGAPORE F
88,R: 9999999999 USD SINGAPORE <YYYY> LPQXXXXXXXXXXXX TO: ACC NAME 1 FR:
88,ACC NAME 2
BAI Credit via Host-to-Host (Version 2) 16,275,35656562,S,35656562,0,0,LPQXXXXXXXXXXX,4138XXXXXX/
88,YOUR REF=ZERO BALANCING,REMARK=SWEEP REF TO: 1111111111 GBP LONDON, UK FR: 0
88,9999999999 GBP LONDON, UK <YYYY> LPQXXXXXXXXXXX		 16,275,37986990,S,37986990,0,0,LPQXXXXXXXXXXXX,88300XXXXX/
88,YOUR REF=ZERO BALANCING,REMARK=SWEEP REF XYZ TO: 1111111111 GBP LONDON F
88,R: 9999999999 GBP LONDON <YYYY> LPQXXXXXXXXXXXX TO: ACC NAME 1 FR:
88,ACC NAME 2
CAMT/ISO Statement <RmtInf>
<Ustrd>REMARK=SWEEP REF TO: XXXXXXXXXX (CCY Branch)FR: XXXXXXXXXX (CCY Branch) YYYY LPQXXXXXXXXXXXX TO: (Branch) FR: (Branch)</Ustrd>
<Ustrd>;YOUR REF=ZERO BALANCING</Ustrd>
</RmtInf>		 <RmtInf>
<Ustrd>YOUR REF=ZERO BALANCING;REMARK=SWEEP REF XXXXXXXXXXXX TO: XXXXXXXXXX (CCY Branch) FR: XXXXXXXXXX (CCY Branch) YYYY LPQ</Ustrd>
<Ustrd>XXXXXXXXXXXX TO: CR ACCOUNT NAME FR: DR ACCOUNT NAME</Ustrd>
</RmtInf>

The value for <YYYY> will be 'INTRACOMPANY' if the entity of the payer and beneficiary are the same, and 'INTERCOMPANY' if the entities are different.

Upon transitioning to the new platform, the customer legal name and address we have on file will display on your payment messages and transaction statements, including (but not limited to):

  • MT103
  • MT101
  • MT940
  • MT942
  • CAMT.53
  • CAMT.52
  • BAI2
  • BTR

To comply with payment standards and regulations, Multibank sweeps will have a standardized Tag 70 line 4—resulting in a consolidated Third Party Bank name.

Existing sweeps narratives for single currency single location just-In-Time and single currency cross-border just-In-Time sweeps will see the following updates:

 

Just-In-Time
Single Currency Single Location

Just-In-Time
Single Currency Cross Border

Debit – BAI

 16,699,<Amount>,0,LPQXXXXXXXXXXXX,F726907/
88,YOUR REF=XYZ,REMARK=JT TSFR REF XYZ TO: XXXXXXXXXX <CCY> <Branch ID> FR
88,: XXXXXXXXXX <CCY> <Branch ID> JPMREF LPQXXXXXXXXXXXX		 16,699,<Amount>,0,LPQXXXXXXXXXXXX,R707868/
88,YOUR REF=XYZ,REMARK=JT TSFR REF XYZ
TO: XXXXXXXXXX <CCY>
88, <Branch ID> FR: XXXXXXXXXX <CCY> <Branch ID> JPMREF LPQXXXXXXXXXXXX

Credit – MT940

 :61:YYMMDD1229DP2000,00NMSCF726907//LPQXXXXXXXXXXXX
Miscellaneous Debit -399
:86:JT TSFR REF XYZ TO: XXXXXXXXXX <CCY> <Branch ID> FR: XXXXXXXXXX<CCY> <Branch ID> JPMREF LPQXXXXXXXXXXXX

-

Debit – MT940

 :61:YYMMDD1229DP2000,00NMSCF726907//LPQXXXXXXXXXXXX
Miscellaneous Debit -699
:86:JT TSFR REF XYZ TO: XXXXXXXXXX <CCY> <Branch ID> FR: XXXXXXXXXX<CCY> <Branch ID> JPMREF LPQXXXXXXXXXXXX

-

Existing Domestic Cross-currency and Just-In-Time Funding sweep narratives between the following locations will be impacted:

  • USD and SGD in J.P. Morgan Singapore branches/entities 
  • USD and AUD in J.P. Morgan Sydney branches/entities

And will undergo the following changes:

Channel

Current Platform

New Platform

MT940

:86: HDG-XXXXXXXXXX, TD-XXXXXX, B/O-/<ACC SHORTNAME>, BNF-<ACC SHORTNAME>, TEXT1-XXXXXX SWEEP REF XXXXXXX, TEXT2-TO: <ACC NUMBER> <CCY> <BRANCH>, <COUNTRY>, TEXT3-FR: <ACC NUMBER><CCY> <BRANCH>, <COUNTRY>, TEXT4-JFXREF LPQXXXXXXXXXX, PYMT-XXXX

 :86: SWEEP REF XXXXXXX TO: <ACC NUMBER>  <CCY> <BRANCH> FR: <ACC NUMBER> <CCY> <BRANCH> JFXREF LPQXXXXXXXXXXXX
TO: XXXXXXXXXXXXXXXX <ENTITY NAME>
FR: XXXXXXXXXXXXXXXX <ENTITY NAME>

Intercompany reporting will experience the following enhancements:

Relocation of Intercompany reports

  • Navigate to Reports & Statements > Reports Inbox > Liquidity
  • Select the Filter button 

Liquidity Reports Inbox – Current

    — Product: Intercompany Loans
    — Source: Click relevant report

    Before Migration :XYZ report
    After Migration(or if a BV has impacted position before migration) : New XYZ report

Intercompany Loan amendment capabilities

You may now submit amendments for interest price points and tax codes at the entity level (previously at the individual loan level). Users entitled to intercompany loan amendments will see separate entry points to view and amend interest price points and tax codes. You must be entitled to all associated loans to amend the price point values. 

Check out this user guide (pages 29-47) for more details.

Please ensure to close out all loan amendments via Access before your migration date. If loan amendments are not closed out, the amendments will be rejected automatically and you will need to submit again.

Intercompany Loan Reporting and Access reporting enhancements

Report Name Key Changes
Interest Activity Report The Summary Section will include net period-to-date balances
Contribution Summary Report The report will include information on interest accruals, which was previously included in a separate report (Interest Summary)
Loan Facility Report (previously called Counterparty Exposure report)
  • The report will contain data at per activity level rather than per       day
  • This report can be generated per day instead of month-end only
  • This will also include a report on limit breaches
    		•
    Contribution Detailed Report This is an additional report to track the whole loan lifecycle and will only available in .csv version
    Access reporting Visibility of interest and withholding tax information will be changing in the Liquidity Structures – Intercompany Revolving Loans view on Access

    If you receive Intercompany loan reports through email, the sender email and subject line will also change to the following:

    • Sender name: JPMorgan eStatement and eAdvice <notification@jpmchase.com>
    • Subject line: ${eciName} - Sweep Execution Activity Report LUX <Date> #secure#

    View these sample reports to see the enhancements in action.

    Intercompany narrative changes

    Existing intercompany loan narratives will undergo the following changes:

    Channel

    Current Platform

    New Platform

    Interest – BAI credit

    16,399,1694660855,S,1694660855,0,0,LPQXXXXXXXXXXXX,/
    88,REMARK=INTERCO I REF TO: XXXXXXXXXX <CCY> <Branch ID> FR: XXXXXXXXXX <CCY>
    88,<Branch ID> <YYYY> 5726 TO: <Account Name> FR: <Account Name>

    16,399,13647332,S,13647332,0,0,LPQXXXXXXXXXXXX,/
    88,YOUR REF=MISCELLANEOUS CREDIT,REMARK=INTERCO I REF TO: XXXXXXXXXX <CCY>
    88,<Branch ID> FR: XXXXXXXXXX<CCY><Branch ID> <YYYY> LPQXXXXXXXXXXXX

    Interest – BAI Debit

    16,699,3268830,0,LPQXXXXXXXXXXXX,/
    88,REMARK=INTERCO I REF TO: XXXXXXXXXX <CCY> <Branch ID> FR: XXXXXXXXXX <CCY>
    88,<Branch ID> <YYYY>4526 TO: <Account Name> FR: <Account Name>

    16,699,6296,0,LPQXXXXXXXXXXXX,/
    88,YOUR REF=MISCELLANEOUS DEBIT,REMARK=INTERCO I REF TO: XXXXXXXXXX
    88, <CCY> <Branch ID> FR: XXXXXXXXXX <CCY> <Branch ID> <YYYY> LPQXXXXXXXXXX

    Withholding Tax – BAI credit

    16,399,19,S,19,0,0,LPQXXXXXXXXXXXX,/
    88,YOUR REF=MISCELLANEOUS CREDIT,REMARK=WITHHOLDING TAX PARTICIPANTXXXXXXXXXX<CCY>
    88,<Branch> MASTERXXXXXXXXXX<CCY><Branch> INTERCO LPQXXXXXXXXXXXX TO: XXXXXXXX
    88,XX FR: XXXXXXXXXX

    16,399,1036,V,240901,1940,LPQXXXXXXXXXXXX,/

    88,YOUR REF=MISCELLANEOUS CREDIT,REMARK=WITHHOLDING TAX TO: XXXXXXXXXX

    88,<CCY> <Branch ID> FR: XXXXXXXXXX <CCY> <Branch ID> <YYYY> LPQXXXXXXXXXX  

    Withholding Tax – BAI Debit

    16,699,673,0,LPQXXXXXXXXXXXX,/
    88,YOUR REF=MISCELLANEOUS DEBIT,REMARK=WITHHOLDING TAX PARTICIPANTXXXXXXXXXX<CCY>
    88,<Branch> MASTERXXXXXXXXXX<CCY><Branch> INTERCO LPQXXXXXXXXXXXX TO: XXXXXXXXX
    88,X FR: XXXXXXXXXX

    16,699,1036,0,LPQXXXXXXXXXXXX,/
    88,YOUR REF=MISCELLANEOUS DEBIT,REMARK=WITHHOLDING TAX TO: XXXXXXXXXX <CCY>
    88,<Branch ID> FR: XXXXXXXXXX <CCY> <Branch ID> <YYYY> LPQXXXXXXXXXX

    Withholding Credit MT940

    :61:YYMMDD1001CR133,34NMSCNONREF//LPQXXXXXXXXXXXX
    Miscellaneous Credit -399
    :86:WITHHOLDING TAX PARTICIPANTXXXXXXXXXX<CCY><Branch> MASTERXXXXXXXX
    XX<CCY><Branch> INTERCO LPQXXXXXXXXXXXX TO: XXXXXXXXXX FR: XXXXXX
    XXXX

    :61:YYMMDD0801CP123,NMSCLATAM//LPQXXXXXXXXXXXX
    Miscellaneous Credit -399
    :86:WITHOLDING TAX REF TO: XXXXXXXXXX <CCY> <Branch>
    FR: XXXXXXXXXX <CCY> <Branch> <YYYY> LPQXXXXXXXXXXXX

    Withholding Debit MT940

    :61:YYMMDD1001DR133,34NMSCNONREF//LPQXXXXXXXXXXXX
    Miscellaneous Debit -699
    :86:WITHHOLDING TAX PARTICIPANTXXXXXXXXXX<CCY><Branch>  MASTERXXXXXXXX
    XX<CCY><Branch> INTERCO LPQXXXXXXXXXXXX TO: XXXXXXXXXX FR: XXXXXX
    XXXX

    :61: YYMMDD0801CP123,NMSCLATAM//LPQXXXXXXXXXXXX
    Miscellaneous Credit -699
    :86:WITHOLDING TAX REF TO: XXXXXXXXXX <CCY> <Branch>
    FR: XXXXXXXXXX <CCY> <Branch> <YYYY> LPQXXXXXXXXXXXX

    Interest Credit MT940

    :61:YYMMDD0902CP403,26NMSCNONREF// LPQXXXXXXXXXXXX

    Miscellaneous Credit -399

    :86:INTERCO I REF XXXX XXXXXXXX TO: XXXXXXXXXX <CCY> <Branch> FR: X

    XXXXXXXXX <CCY> <Branch> <YYYY>5764 TO: <Account Name>  FR:

    <Account Name>

    :61: YYMMDD0801CP123,NMSCNONREF//LPQXXXXXXXXXXXX
    Miscellaneous Credit -399
    :86: INTERCO I REF TO: XXXXXXXXXX <CCY> <Branch>
    FR: XXXXXXXXXX <CCY> <Branch> <YYYY> LPQXXXXXXXXXXXX

    Interest Debit MT940

    :61:YYMMDD0902DP3636,36NMSCNONREF// LPQXXXXXXXXXXXX

    Miscellaneous Debit -699

    :86:INTERCO I REF XXXX XXXXXXXX TO: XXXXXXXXXX <CCY> <Branch> FR: X

    XXXXXXXXX <CCY> <Branch> <YYYY>5765 TO: <Account Name> FR

      <Account Name>

    :61: YYMMDD0801CP123,NMSCnonref//LPQXXXXXXXXXXXX
    Miscellaneous Credit -699
    :86: INTERCO I REF TO: XXXXXXXXXX <CCY> <Branch>
    FR: XXXXXXXXXX <CCY> <Branch> <YYYY> LPQXXXXXXXXXXXX

    Intercompany Loan interest rates

    • Currently, daily ICL interest based on index rates (i.e., SOFR) is calculated based on the most recent available market rate (i.e., SOFR rate for interest calculation is Value Date-1)
    • The new platform will adjust the interest calculation to reflect the Value Date (VD) market rate