JPMorgan announces CommanD

JPMorgan Chase & Co. announced that it launched a derivatives collateral management tool, named JPMorgan CommanD. Designed to help financial institutions manage the complexities of using collateral against over-the-counter derivatives trades, JPMorgan CommanD enables clients to better mitigate credit exposure and increase derivatives trading cost effectiveness, the company said in a release. The primary target audience JPMorgan has already signed three clients to use JPMorgan CommanD, including an asset manager, a supranational and a government institution.