Clearance

GlobeClear provides on-exchange and OTC clearance in markets around the world, helping our
clients access more than 30 OEX and 60 OTC markets. Based on a single agreement and legal
structure, our simple operating model offers clients:

Straight through processing and same day turnaround for securities

Sophisticated asset servicing via J.P. Morgans award-winning global custody platform

Investment, liquidity and financing solutions, including securities borrowing to

efficiently cover fails and secured financing for long positions

U.S. Clearance supports Broker Dealers with a rapid trade settlement system that combines
speed with dependability, moving book-entry deliveries to the Federal Reserve Bank of New
York within seconds. As a leading clearing bank for U.S. Government Securities, J.P. Morgan
provides:

Flexible options, such as automatch and autosettle, to accommodate a variety of

settlement activities

Expedited handling for exception items, plus timely notification and quick turnaround to
effectively manage late-arriving securities and other time-critical situations

Comprehensive information that offers end-of-day reporting and supports intra-day

queries

Commercial Paper/Issuing and Paying Agency Services provide issuers of Commercial Paper
(CP) and Certificates of Deposit (CD) with options that maximize transaction delivery, analytics
and cash management related to their money market activities.

Direct transmission links with all major dealers and the Depository Trust Company;
automated links between IPA and trading systems to support direct issuers

Innovative information and analytical tools that include Index and Performance Analysis,
Automatic Trade Splitting, and real time Transaction Monitoring