Summary of Proposed Investment
Project Number
28541
Company Name
JPMORGAN CHASE BANK, NA
Date SPI Disclosed
Jul 31, 2009
Country
World Region
Industry
Financial Markets
Projected Board Date
Sep 3, 2009
Status
Completed
Sector
Trade Finance
Department
Global Industry, Financial Markets
Environmental Category
C - No Impact
Previous Events
Approved : Sep 3, 2009
Signed : Dec 4, 2009
Invested : Jan 29, 2010
Project Description
The project is for IFC and funding partners (countries, development finance institutions and international financial institutions) to provide trade financing of up to US$400 million to JPMorgan Chase Bank, National Association (“JPMorgan Chase & Co.” or the “Bank”) headquartered in New York, NY in the United States, as part of IFC’s Global Trade Liquidity Program (“GTLP”).
GTLP is part of IFC’s multi-faceted global financial crisis response. It is a funded trade finance program of up to US$8 billion that will be mobilized and disbursed in phases to provide IFC with a flexible platform from which to support the extension of funded trade financing to under-served clients globally. The proposed total IFC investment would be up to US$1 billion, which will be match-funded with resources from other funding partners as well as several international banks with an established footprint in emerging markets trade finance.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Mr. Conor O’Dowd
Executive Director, Treasury & Security Services - Global Trade Services
Global Distribution & Insurance
JPMorgan Chase & Co.
Ph: +44 (0)20 7777 5773
E-mail: conor.d.odowd@jpmorgan.com
60 Victoria Embankment, London, EC4 0JP, England
www.jpmorgan.com
For Inquiries and Comments About IFC, Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384E Mail: Webmaster