PPM America goes live on CloudMargin platform for collateral automation

CloudMargin announced that PPM America, a subsidiary of UK-based Prudential, has gone live on its platform. The investment manager has some $120 billion AuM, which includes $9.31 billion managed by PPM Finance, an affiliate that manages commercial mortgage loans and certain real estate investments.

PPM is now using CloudMargin for its entire collateral management margin workflow, collateral optimization and trade reconciliation with counterparties and futures commission merchants (FCMs). In addition to utilizing the gateway to SWIFT, PPM is also using the hub’s access to AcadiaSoft MarginSphere for margin call messaging for collateral payment processing.

The agreements and types of transactions the workflow accommodates include: ISDA collateral service agreements for bilateral over-the-counter (OTC) derivatives; cleared OTC transactions; exchange-traded futures and options; Master Securities Forward Transaction Agreements (MSFTAs) for mortgage-backed securities and TBA (To-Be-Announced) mortgage-backed instruments.

Read the full release

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