Pacific Life Insurance Selects Calypso Collateral Management Tool

Southern California-based Pacific Life Insurance Company has selected Calypso Technology’s collateral management offering for automation and optimization of their collateral across all business entities.

Calypso notes that Pacific Life chose the collateral management solution after seeking a way to handle anticipated margin call increases, remove capital efficiency and reduce the drag on portfolio yield.

Pacific Life also required an implementation in less than 6 months without impacting its existing technology architecture, and after evaluating several collateral solutions, Pacific Life chose Calypso to replace a legacy collateral solution and manually-intensive spreadsheet processes.

“In Calypso, we have a solution that dramatically automates our collateral process and enables greater visibility of inventory across the organization while preserving our current technology infrastructure,” says Dominic Faso, head of Treasury and Investment Operations, Pacific Life. “Calypso stood out as the superior solution that enables us to quickly respond to new regulatory requirements and the resulting market structure changes for listed and OTC derivatives. In addition, this is a robust platform that we can leverage in the future for more functionality.”