J.P. Morgan Worldwide Securities Services has been chosen to provide an additional set of derivative collateral management services to the Canadian government.

The government has been a client of J.P. Morgan since 2002 and already uses the bank’s treasury management and derivatives trading services.

Darren Measures, clearance and collateral management sales head for J.P. Morgan, commented: “We are very pleased to extend our relationship with the government of Canada. In a market where credit risk mitigation is the focus of industry attention, J.P. Morgan continues to lead the market in derivatives collateral management outsourcing based on our business knowledge, reputation in derivatives, and collateral management expertise.”