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JPMorgan Acquires All Qualified Financial Contracts as Part of Washington Mutual Acquisition
September 25, 2008
In connection with the sale of assets of Washington Mutual Bank to JPMorgan Chase & Co., the FDIC transferred to JPMorgan Chase & Co., all Qualified Financial Contracts to which Washington Mutual Bank was a party. Qualified Financial Contracts include swaps, options, futures, forwards, repurchase agreements and any other Qualified Financial Contract as defined in 12 U.S.C. Section 1821(e)(8)(D).
See related FDIC press release, dated September 25, 2008, for further information regarding the Washington Mutual Acquisition.
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