Prudential Treasury Pilots Version 2.0 Of Coral's IMPAX For Asset-Backed Securities

PORTFOLIO SYSTEMS

Prudential Treasury Asset Management (PruTAM) is piloting a new version of Coral Systems Inc.'s Investment Management Portfolio Accounting (IMPAX) system. If tests are successful, IMPAX will be used to help PruTAM monitor investments in asset- and mortgage-backed securities and municipal bonds planned under an expansion of the group's activities.

PruTAM, a subsidiary of Prudential Capital Management, itself part of the Prudential Insurance Co. group, already uses IMPAX to handle its position

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