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Press Release

FHLB Pittsburgh Selects Principia to Enhance Derivative Valuations

New York, NY – April 4, 2013 – Principia, a leading software provider for derivatives users and structured finance investors, today announced that the Federal Home Loan Bank of Pittsburgh (FHLB Pittsburgh) is the latest institution to sign up for the hosted, Software-as-a-Service version of its derivatives valuation and risk analytics platform.

Principia’s platform, available via a web-browser, provides financial institutions with rapid access to a proven, multi-curve enabled platform for independent derivatives valuations, investment stress testing, risk management and financial reporting. The solution captures the subtleties of OIS discounting, including OIS curve construction, dual curve calibration, tenor/basis swap OIS-based curve adjustments and the integration of OIS discounting into volatility calibration.

“We are excited to have this opportunity to work with FHLB Pittsburgh and further increase our involvement with the Federal Home Loan Banking system,” said Theresa Adams, President and CEO of Principia. “The web-platform enables users from all types of institutions to quickly access our market-proven valuations and risk framework. Valuations have always been a core strength of our system and we have seen a new wave of clients demanding the level of accuracy and analytical sophistication that our enterprise platform provides. Meeting this demand will support our continued growth in the capital markets and the credit investment space.”

 

About Principia
Principia Partners LLC (Principia) provides a comprehensive single platform solution for the end-to-end management of structured finance investments. Global financial institutions and independent asset managers have used the award winning Principia Structured Finance Platform since 1995 to unify investment analysis, portfolio management, risk surveillance, accounting and operational control across the breadth of structured credit assets, fixed income investments and complex derivatives.

For over 15 years, Principia’s mission has been to help investors independently address the deal specific investment and cashflow analysis, valuation, risk management, reporting and due diligence requirements of structured credit investments and portfolios. Its dedicated support and continued development of functionality for structured finance instruments is accompanied by a proven and fully integrated derivative valuation framework. This overall credit investment and market risk solution delivers the robust backbone necessary for deeper investment analysis, proactive risk surveillance and operational control across the credit investment business.

Principia is based in New York, with an office in London and a technology center in Conshohocken, Pennsylvania.

For press information contact:
Ben Jarrold
Tel: + 44 (0) 20 7618 1370
Email: Jarrold@ppllc.com