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Principia Delivers OIS Discounting to Support New Derivative Market Standards

Principia Delivers OIS Discounting to Support New Derivative Market Standards

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Published by PR.com
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.
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.

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Published by: PR.com on Nov 11, 2011
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Principia Delivers OIS Discounting to Support New Derivative MarketStandards
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 asthe market makes the transition.
New York, NY, November 10, 2011 --(PR.com)-- Principia Partners, a leading software solutionprovider for structured finance and capital markets investors, today released the latest version of itsStructured Finance Platform (Principia SFP). Principia SFP Version 6.6 delivers enhanced valuationcapabilities 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, compliancereporting and accounting of derivative and investment portfolios. Version 6.6 allows users to apply thenew 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 portfoliomanagement lifecycle, with seamless integration and downstream calculations applied through risk management, mark-to-market reporting and into accounting. As the OTC derivatives market movestowards 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 managementsolutions 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 OISdiscounting consistently from front to back office. With our online solution, users can rapidly assess theimpact of OIS based pricing across their portfolio with the flexibility to apply OIS discounting whentrading, analyzing cashflows, testing hedge effectiveness, doing mark-to-market valuations or foraccounting.”###About PrincipiaPrincipia provides financial institutions and independent managers with the most comprehensive softwaresolution for the management of structured finance investments. Some of the best known investors in theseassets use the Principia Structured Finance Platform (Principia SFP) as the operational backbone toperform thorough investment analysis, transparently manage and report ongoing risk exposures andachieve seamless operational control, all the way through to accounting.
 
On Principia SFP, data from external vendors can be normalized alongside internal sources in a dedicatedinvestment management environment so portfolio managers, risk and operations staff can moreconsistently evaluate and manage transactions and portfolios. Operational inefficiencies and limitationsassociated with spreadsheets and undedicated systems are reduced by integrating these activities on aunified platform that addresses the unique challenges posed by structured finance.Powerful analytics and the consistent integration of deal, cash-flow and performance data from theleading 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 atthe deal, tranche or collateral level and gain a consolidated view of risk across deals and portfolios. Thefully auditable operational environment delivers a scalable infrastructure to rapidly address changingmanagement, regulatory and accounting mandates, and ensures transparency at every stage of theportfolio lifecycle.For 15 years, the platform has been used by global commercial banks, insurance companies andinvestment 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 atechnology center in Conshohocken, Pennsylvania.For press information contact:PrincipiaBen Jarrold jarrold@ppllc.com+44 (0) 20 7618 1370www.principiapartners.comFor press information contact:PrincipiaBen Jarrold jarrold@ppllc.com+44 (0) 20 7618 1370www.principiapartners.com

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