Principia Delivers OIS Discounting to Support New Derivative Market Standards
Principia delivers web based OIS discounting for derivatives markets players to test the impact of switching to OIS. Principia's SaaS solution provides a backbone for portfolio management, risk management and accounting, incorporating the flexibility to apply the new valuation standards as the market makes the transition.
New York, NY, November 10, 2011 --(PR.com)-- Principia Partners, a leading software solution provider for structured finance and capital markets investors, today released the latest version of its Structured Finance Platform (Principia SFP). Principia SFP Version 6.6 delivers enhanced valuation capabilities to support the shift in derivatives markets towards Overnight Index Swap (OIS) discounting, providing clients with the flexibility to adopt OIS discounting for collateral calculations and valuation of their derivative positions.
Principia SFP provides an end-to-end platform for the portfolio management, risk oversight, compliance reporting and accounting of derivative and investment portfolios. Version 6.6 allows users to apply the new discounting standards for ad-hoc valuations, for the entire portfolio, or for any given sub-set of positions and compare OIS with existing Libor discounting to assess the impact of these market changes.
OIS based valuations for most major currencies can be applied at any stage of the derivative portfolio management lifecycle, with seamless integration and downstream calculations applied through risk management, mark-to-market reporting and into accounting. As the OTC derivatives market moves towards central clearing, the overnight indexed swap (OIS) rate is increasingly seen as the benchmark "risk free" rate when performing discounting valuations.
“For 15 years Principia’s proven analytical framework and delivery of integrated portfolio management solutions has enabled clients to successfully evolve with market changes,” said Douglas Long, EVP, Business Strategy, Principia. “Derivatives players remain uncertain about how to operationally apply OIS discounting consistently from front to back office. With our online solution, users can rapidly assess the impact of OIS based pricing across their portfolio with the flexibility to apply OIS discounting when trading, analyzing cashflows, testing hedge effectiveness, doing mark-to-market valuations or for accounting.”
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About Principia
Principia provides financial institutions and independent managers with the most comprehensive software solution for the management of structured finance investments. Some of the best known investors in these assets use the Principia Structured Finance Platform (Principia SFP) as the operational backbone to perform thorough investment analysis, transparently manage and report ongoing risk exposures and achieve seamless operational control, all the way through to accounting.
On Principia SFP, data from external vendors can be normalized alongside internal sources in a dedicated investment management environment so portfolio managers, risk and operations staff can more consistently evaluate and manage transactions and portfolios. Operational inefficiencies and limitations associated with spreadsheets and undedicated systems are reduced by integrating these activities on a unified platform that addresses the unique challenges posed by structured finance.
Powerful analytics and the consistent integration of deal, cash-flow and performance data from the leading industry providers empowers portfolio and risk managers to better understand their investments. On an ongoing basis, users have the flexibility and control to track, analyze and evaluate risk exposures at the deal, tranche or collateral level and gain a consolidated view of risk across deals and portfolios. The fully auditable operational environment delivers a scalable infrastructure to rapidly address changing management, regulatory and accounting mandates, and ensures transparency at every stage of the portfolio lifecycle.
For 15 years, the platform has been used by global commercial banks, insurance companies and investment managers, as well as supporting ABCP conduits and rated operating companies.
Principia Partners is headquartered in New York, with a European office in the City of London and a technology center in Conshohocken, Pennsylvania.
For press information contact:
Principia
Ben Jarrold
jarrold@ppllc.com
+44 (0) 20 7618 1370
www.principiapartners.com
For press information contact:
Principia
Ben Jarrold
jarrold@ppllc.com
+44 (0) 20 7618 1370
www.principiapartners.com
Principia SFP provides an end-to-end platform for the portfolio management, risk oversight, compliance reporting and accounting of derivative and investment portfolios. Version 6.6 allows users to apply the new discounting standards for ad-hoc valuations, for the entire portfolio, or for any given sub-set of positions and compare OIS with existing Libor discounting to assess the impact of these market changes.
OIS based valuations for most major currencies can be applied at any stage of the derivative portfolio management lifecycle, with seamless integration and downstream calculations applied through risk management, mark-to-market reporting and into accounting. As the OTC derivatives market moves towards central clearing, the overnight indexed swap (OIS) rate is increasingly seen as the benchmark "risk free" rate when performing discounting valuations.
“For 15 years Principia’s proven analytical framework and delivery of integrated portfolio management solutions has enabled clients to successfully evolve with market changes,” said Douglas Long, EVP, Business Strategy, Principia. “Derivatives players remain uncertain about how to operationally apply OIS discounting consistently from front to back office. With our online solution, users can rapidly assess the impact of OIS based pricing across their portfolio with the flexibility to apply OIS discounting when trading, analyzing cashflows, testing hedge effectiveness, doing mark-to-market valuations or for accounting.”
###
About Principia
Principia provides financial institutions and independent managers with the most comprehensive software solution for the management of structured finance investments. Some of the best known investors in these assets use the Principia Structured Finance Platform (Principia SFP) as the operational backbone to perform thorough investment analysis, transparently manage and report ongoing risk exposures and achieve seamless operational control, all the way through to accounting.
On Principia SFP, data from external vendors can be normalized alongside internal sources in a dedicated investment management environment so portfolio managers, risk and operations staff can more consistently evaluate and manage transactions and portfolios. Operational inefficiencies and limitations associated with spreadsheets and undedicated systems are reduced by integrating these activities on a unified platform that addresses the unique challenges posed by structured finance.
Powerful analytics and the consistent integration of deal, cash-flow and performance data from the leading industry providers empowers portfolio and risk managers to better understand their investments. On an ongoing basis, users have the flexibility and control to track, analyze and evaluate risk exposures at the deal, tranche or collateral level and gain a consolidated view of risk across deals and portfolios. The fully auditable operational environment delivers a scalable infrastructure to rapidly address changing management, regulatory and accounting mandates, and ensures transparency at every stage of the portfolio lifecycle.
For 15 years, the platform has been used by global commercial banks, insurance companies and investment managers, as well as supporting ABCP conduits and rated operating companies.
Principia Partners is headquartered in New York, with a European office in the City of London and a technology center in Conshohocken, Pennsylvania.
For press information contact:
Principia
Ben Jarrold
jarrold@ppllc.com
+44 (0) 20 7618 1370
www.principiapartners.com
For press information contact:
Principia
Ben Jarrold
jarrold@ppllc.com
+44 (0) 20 7618 1370
www.principiapartners.com
Contact
Principia Partners LLC
Ben Jarrold
+44 207 618 1370
www.ppllc.com
Ben Jarrold
+44 207 618 1370
www.ppllc.com
Contact
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