JP Morgan, BlackRock team up for Asian settlement platform
A same-day settlement service is launched to lure more Asian investors to BlackRock dollar cash funds.
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JP Morgan and BlackRock are betting that Asian institutional investors will find the latter’s range of highly liquid dollar cash funds more alluring with the introduction of same-day settlement services for investors in the region.
The settlement platform, launched earlier this year, has been serving Asian investors of two BlackRock Ucits III-compliant dollar cash products – the ICS Institutional US Dollar Liquidity Fund and the ICS Institutional US Treasury Fund – which offer inv…
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