Катя (inostranka) wrote,

.Работа | Press Release

Ну вот, наконец-то добралась и до этого пресловутого press release. Оно, понятное дело, совершенно секретно (и не смотрите что я в public пощу). Комментарии и конструктивные предложения одобрям-с и поддержам-с.

Evare, LLC to go forward with the STeP Connect clearance & collateral management project for JP Morgan Chase.

Burlington, MA - August 14, 2003 - Evare to go forward with STeP Connect, a straight through processing (STP) solution for the clearance & collateral management service of JP Morgan Chase.

STP is the complete automation of the routine procedures of the processing of any transaction, achieved by passing data along the chain of broker, counterparty, settlement agency, depository, collateral manager etc. in an electronic fashion with no re-keying or manual intervention. The goal is to enable transactions and related data to move across the networks of participants automatically; to reduce the risk of introducing manual errors, improve operational overheads, decrease turnaround times, and increase the ability to handle large volumes.

The Evare Data Network (EDN) will be used to process messages between JPMorgan Chase’s Clearance and Collateral Management Services (CCMS) and the customers that use CCMS’s services (e.g., brokers, investments managers, and large banks). These customers currently use a proprietary system to manually enter trade information and settlement instructions as well as request trade status and end-of-day holdings reports. With the introduction of the STeP Connect services, JPMC is automating these processes for its customers, achieving the benefits of STP.

About Evare:
Evare provides its financial information management services directly to customers or via distribution partners, including some of the largest financial institutions in the world. The Evare Data Network automates the consolidation, transformation, and distribution of critical financial information, delivering to a wide range of institutions, in any requested format. This provides the capability for the full systems integration necessary to support straight through processing. Evare significantly cuts processing costs and reduces institutional risk by eliminating data inaccuracies injected during manual processing. Information about Evare is available on the Internet at www.evare.com

About JPMorgan Chase:
J.P. Morgan Chase & Co. is a leading global financial services firm with assets of $803 billion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, investment management, private banking and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase is headquartered in New York and serves more than 30 million consumers nationwide, and many of the world's most prominent corporate, institutional and government clients. Information about JPMorgan Chase is available on the Internet at www.jpmorganchase.com.

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