Enhancement seems to be J.P. Morgan's middle name in India where the bank is launching escrow services just six months after it last upgraded its treasury services offering.
Escrow structures provide increased protection around the monitoring of cash balances and investments and help de-risk complex business transactions, including mergers and acquisitions, regulatory payments and capital raisings, by having a third party -- in this case J.P. Morgan -- hold the payees' balance until the transaction closes. The addition of this service in India is part of J.P. Morgan's $1 billion global investment to expand and enhance its treasury capabilities.
Clients are finding that the use of secured assets through an escrow service can assist in...
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