J.P. Morgan’s Public Funds Collateral Management (“PFCM”) product, developed for the U.S. market, offers a premium service for the efficient optimization, control and reporting of collateral assets managed against municipal or public deposits. While individual states have different collateral requirements for public deposits, the service is capable of verifying that collateral assets are being held in accordance with the requirements of most states.
For both the Deposit Bank and the municipality, PFCM provides a level of centralized, timely, accurate, controlled and efficient reporting that stands out in the market.