JP Morgan Chase 2003 Annual Report Download - page 15

Download and view the complete annual report

Please find page 15 of the 2003 JP Morgan Chase annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 140

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140

J.P. Morgan Chase & Co. / 2003 Annual Report 13
Providing multi-business solutions: Dell Inc.
Dell’s relationship with JPMorgan Chase, as both a supplier and a valued client, spans nearly
two decades. From 1986, when the Middle Market Banking group set up a line of credit to
help the fast-growing young computer company’s operations, JPMorgan Chase teams have
progressively broadened the services provided, keeping pace with Dell’s business development
and asset management needs.
Recently, teams from across the firm collaborated to help Dell manage its cash position.
Today, the portfolio of services provided to Dell includes asset management, cash management,
custody and other investor services, trustee, foreign exchange and investment banking.
Accessing firmwide resources: Prudential Financial
For more than 80 years, JPMorgan has worked with insurance industry leader Prudential
Financial to understand the breadth of its needs and provide tailored solutions integrating a
range of products and services. From investment banking to foreign exchange trading, cash
management, custody and other investor services, JPMorgan has provided Prudential with
sophisticated global solutions.
In 2003, JPMorgan’s firmw ide relationship team worked with the insurer to craft a compre-
hensive solution for its securities custody and cash management needs. As a result, the firm
secured a mandate to act as custodian for a $140 billion asset portfolio and will serve as
clearing agent for all associated cash concentration and payments business.
Augo financie
Harnessing financing know-how: the clients of Chase Auto Finance
Providing nearly $28 billion of auto financing in 2003, Chase Auto Finance (CAF) distinguished
itself as an industry leader. Collaborating with other groups in the firm, CAF goes beyond
traditional automotive financing and provides creative business solutions to a wide range of
customers in the automotive industry.
CAF partners with the Investment Bank and the Middle Market Banking group to help dealer
group clients improve their bottom lines, offering products and services such as basic loans,
revolving credit facilities – even, when appropriate, high-yield bond issues. Partnerships with
Chase Merchant Services and Chase Home Finance enable dealer customers to obtain credit
cards and credit card processing and to offer home financing as an employee benefit.
These cross-business partnerships enabled CAF to achieve a third-place ranking in 2003 loan
originations, behind only General M otors Acceptance Corp. and Ford Motor Credit Co.