EFTA00186422¶
FEB 24 2004 12:44 FR JPMORGAN¶
FEB 24 ‘04 12:38 FR JJ¶
P.06/09¶
CHASE CARDMEMBER SERVICES – PRIORITY SERVICES, PRIORITY JP Morgan Private Bank Platinum Visa/MasterCard Request¶
FAX#: PHON:¶
Date: 2/19/04 BAC Code: 8297 DOC#: Credit Card Account #:¶
Service Contact Name: ETHAN HORNBECKER/CAMILLO D’ORAZIO Service Contact Phone # Service Contact Fax #:¶
Applicant Name: Co-Applicant Name (if applicable): ___ CAS ID: ___¶
Is this a Rush? YES If YES, Why? PRIVATE BANK CLIENT¶
Do you want to be notified of decision prior to notifying applicant(s)? YES¶
Does Client have Private Bank Relationship? YES CIRCLE ONE: PERSONAL BUSINESS¶
Foreign Transaction Fee: WAIVED Request for Billing Cycle: NA¶
SPECIAL CARD DELIVERY INSTRUCTIONS:¶
□ Deliver all INTERNATIONAL Cards, VIA OVERNIGHT EXPRESS DELIVERY, To the following address for SPECIAL DELIVERY to Clients: JPMORGAN PB SPECIAL SERVICES 345 PARK AVENUE, LEVEL B NEW YORK, NY 10154¶
RECEIVED¶
□ Other Address/Comments: FEB 24 2004¶
CARD OPENING:¶
(I) We certify that the client meets all three requirements below:¶
- Visa or Mastercard Application Attached.
- Client Assets are blocked or Assets Under Management are as per guidelines specified on the back of this document.
- For International clients: Client has instructed us to pay his bills. Please address all bills for the Client to the address below: Attn: Bill Pay P.O. Box 5258 New York, NY 10185-5258 [For U.S. clients, auto payment is strongly recommended]
(II) Line of Credit: $___ In all cases, JPMPB accepts credit risk but not fraud risk. Check one below: □ I confirm this request is supported by a hold or blockage of assets in the clients account equivalent to the amount of the line and meets the following requirements:¶
- We must have pledge of assets , and
- Client has Bill Paying – mandatory for all international clients [autopayment recommended for US clients], and
- If total requested exceeds $25,000 attached is Credit Approval Memorandum per guidelines.
□ Request is not supported by pledge of client’s assets. Requires:¶
- Current Total Operating Income (TOI) or AUM must be per guidelines attached, and
- Client has Bill Paying – for all non-supported international clients [autopayment recommended for US clients] and
- If total requested exceeds $25,000 attached is Credit Approval Memorandum per guidelines, and
- Total line must be approved by authorities specified in the schedule on next page.
FEB 24 2004 12:10¶
EFTA00186423¶
FEB 24 2004 12:44 FR JPMORGAN¶
FEB 24 ‘84 12:59 FR JR MURPHY¶
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CHASE CARDMEMBER SERVICES – PRIORITY SERVICES, PRIORITY PROCESSING¶
JPMorgan Private Bank Platinum Visa/MasterCard Request¶
FAX#: [blank] PHON¶
(II) Line of Credit Increase/Decrease¶
We recommend an increase/decrease (circle one) in the Visa or MasterCard line from $___ to $___ If increase required, total amount requested must conform to guidelines in II above (check box).¶
Reason for recommendation of an Extended Line of Credit:¶
Reason for recommendation of an Extended Line of Credit:¶
(III) Cancel Card (Inform Credit area if credit card line of credit was $25M or more).¶
Requested By: □ Bank □ Client¶
How instructions were received:¶
Phone call on: Date:___ Time:___ Ext:___ RM:___¶
☐ Credit Card Application¶
□ Letter Dated: ___¶
$$\therefore S_{2} =$$¶
Signature of Banker, Team Manager/Officer & Title¶
Signature of Credit Officer¶
Chrisopher¶
62 | French¶
Printed Name¶
Arnold (Welles) (18-2)¶
Printed Name¶
Summary of Internal Guidelines¶
Chase Visa or MasterCard Credit Card Criteria¶
Unsecured Private Bank Risk**¶
| VISA/MasterCard Line Amount | Minimum TOI* | Minimum AUM | Approval Authorities |
|---|---|---|---|
| $0 - $75,000 | $10,000 | $1,000,000 | B1 & B3 (Lending Team Leaders) |
| $75,001 - $100,000 | $30,000 | $3,000,000 | B1 & B3 (Regional Lending Heads) |
| $100,001 - $250,000 | $100,000 | $10,000,000 | C2 or C3 |
| Over $250,000*** | $500,000 | $50,000,000 | C4 |
Either TOI or AUM requirements must be met; Clients SHOULD NOT be advised of these guidelines or any explicit product criteria approval.¶
** Approval required in case application not approved by Cardmember Services.¶
*** Assuming this capability is implemented by Cardmember Services.¶
CREDIT CARD REQUEST MEMORANDUM¶
This must accompany any request to approve or increase a VISA/Mastercard line in excess of $21,000 and should address the following points detailed below:¶
-
Name of cardholder and the name of the overall Chase relationship is different.
- Occupation/background of the cardholder.
-
How does the cardholder fit in the overall Chase relationship.
-
Customers record of meeting credit obligations (for example: always paid as agreed/some missed payments/restructures).
-
Current credit facilities besides VISA/MasterCard (Cardholder or relationship). Attach the most current Credit Memo.
-
What is the reason the cardholder wants the card increase…
FEB 24 2004¶
-
Cardholder/relationship (specify which) Account with Chase since?
-
Non-credit products (with estimated amounts) used by cardholder/relationship (e.g. PICS, Trusts etc.).
-
Current AUM – Increase or Decrease by how much from the prior year.
-
Year to date TOI from client relationship.
-
Does the client currently have a bills paying/credit card?
If yes, since when? Any problems (lost card / stolen card/missed payments)?¶
- What is both cardholder/relationship record (at least in last 12 months) regarding casual overdrafts
If occasional or frequent casual O/Ds, then specify the frequency, avg. amount, and length of time of the casual O/D.¶
-
What additional relationship benefits will be gained by granting this request. (Be precise and quantify.. for example, increase AUM, sell another product, defend AUM).
-
Memo must identify Banker and back up with phone numbers.
-
Memo to confirm that Banker will promptly provide the Credit Control Unit information on account status and AUM within 24 hours of request for purpose of future monitoring.
-
Metro to be signed by Banker plus 2 approving officers.
FEB 24 2004 12:10¶
PRIORITY SERVICES¶