What does the “Business” comprise?
The business that is transferring from J.P.Morgan Chase Bank, N.A. (“JPMorgan”) to The Bank of New York (“BNY”) includes trustee, fiscal agent/registrar, fiduciary, collateral agent and other agency functions that support services for corporate and municipal debt, structured finance services (ABS, MBS, conduits, SIVs and document custody), collateralized debt obligations (CDOs), common depository and specialised depository roles, Euro Commercial Paper and loan agency services (Colson). US Commercial Paper, Bankruptcy Deposit and Investment Services and Escrow services, other than those escrow services that were conducted in a capacity that forms part of the transferring business, are not included. For the purpose of the Scheme, the “Business” is the portion of the business summarised above that resides within J.P.Morgan Chase Bank, N.A., London Branch. Additionally, the parties have requested that the Court sanction the inclusion under the Scheme of the rights and obligations of J.P.Mo
