JPMorgan TSS selected as ICE Clear Europe consolidation bank
IntercontinentalExchange (ICE) has appointed JPMorgan Treasury & Securities Services (JPMorgan TSS) as consolidation bank for its European clearing house, ICE Clear Europe.
JPMorgan TSS will provide multi-currency payments, global custody and additional securities services and will put into place a cash investment program for ICE Clear Europe. Under the agreement, ICE Clear Europe and JPMorgan TSS will jointly develop an Assured Payment Service (APS), which will allow clearing members to choose where they hold their bank accounts and will initiate payments for members at a predetermined time.
“This partnership is a key milestone in the development of a solid
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