Stichting Pensioenfonds ABP, Heerlen, the Netherlands, licensed the PAM investment management system from Princeton Financial Systems. PAM will replace an internally developed system for fixed-income securities and the CAMRA system from SS&C Technologies for equities at the 346 billion Dutch guilder ($165 billion) pension fund. The new systems will be used in ABPs headquarters and its offices in Amsterdam and New York. ABP licensed other Princeton products, such as FrontLine Suite, to help achieve straight-through processing. PAM will be used as the central book of record to consolidate all investment activity in the three locations.