# The interplay between liquidity and collateral

Page: https://stenobird.com/podcast/making-sense-491900/the-interplay-between-liquidity-and-collateral
Text version: https://stenobird.com/podcast/making-sense-491900/the-interplay-between-liquidity-and-collateral.md
Podcast: [Making Sense](https://stenobird.com/podcast/making-sense-491900)
Published: 2026-05-05T13:44:53+00:00
Episode link: https://marketmatters.podbean.com/e/the-interplay-between-liquidity-and-collateral/
Audio file: https://mcdn.podbean.com/mf/web/gxicivq4vwbkkbyn/JPM_160426_v4.mp3
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JSON: https://stenobird.com/v1/public/podcasts/making-sense-491900/episodes/the-interplay-between-liquidity-and-collateral
Duration seconds: 1453

## Resource

In this episode, three J.P. Morgan executives address the intricate connection between liquidity and collateral management. Eileen Herlihy, Head of Trading Services Sales, chats with O’Delle Burke, Global Head of Margin Services, and Michael Wynn, J.P. Morgan’s Global Head of FX and Liquidity for Securities Services, about the evolution of financing solutions as institutional investors raise and preserve cash. They discuss the importance of intraday liquidity, the rise of non-cash collateral, FX considerations, the increased attention to available cash with a shortened T+1 settlement cycle, and the tokenization of collateral. In this conversation, they explore how increasingly sophisticated firms are innovating to enhance alpha and preserve cash -- protecting it or deploying it as needed. This episode was recorded on April 16, 2026. This podcast is intended for institutional clients only. The views expressed in the podcast may not necessarily reflect the views of J.P. Morgan Chase & Co, and its affiliates, together J.P. Morgan, and do not constitute research or recommendation advice or an offer or a solicitation to buy or sell any security or financial instrument. Referenced products and services in this podcast may not be suitable for you and may not be available in all jurisdictions. J.P. Morgan may make markets and trade as principal in securities and other asset classes and financial products that may have been discussed. For additional disclaimers and regulatory disclosures, please visit www.jpmorgan.com/disclosures. Copyright 2026 JPMorgan Chase & Co. All rights reserved.

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## Transcript

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