Press Release
Principia Receives Technology Innovation Award from Credit Magazine
Structured finance software provider wins for the second consecutive year
New York, NY – November 11, 2009 - Principia Partners, a leading solution provider for the management and administration of structured finance investments, has again been selected by Credit magazine in its annual Technology Innovation Awards. Principia has been recognized in consecutive years for its continued development of Principia SFP (Structured Finance Platform).
New functionality enables financial institutions and independent managers to consistently analyze, track, manage and report on the underlying performance of structured credit and fixed income investments.
Winners were selected by the publication’s editorial team following consultations with credit market participants and industry users. The magazine stated, "the awards are given to firms who have demonstrated innovation in creating new products or services that provide a clear benefit to participants in the credit market."
The article goes on to highlight the functional upgrades that Principia has made in the last 12 months: “Principia has enhanced its software by integrating risk exposure tracking for ABS, MBS and CDO investments. It includes a standard interface to define and capture collateral performance data to consistently manage the underlying behavior of these securities. Standard performance metrics make it possible to drill down into structured finance assets to analyze portfolios at the deal, tranche, collateral and credit enhancement level. Users also benefit from the ability to assess how portfolios perform under stressed scenarios, for example changing default or prepayment rates.”
“This recognition, by one of the most respected publications in the industry, is a result of our efforts to address the challenges of structured finance portfolio managers, risk and operations staff,” said Mark Kahn, EVP sales, Principia. “Organizations are looking to consistently and efficiently analyze, manage and report on their assets, in a more integrated and streamlined way. Principia SFP delivers the operational backbone to do that, reducing the burden of compliance and ensuring operational integrity throughout the structured credit investment lifecycle - from trade capture through to accounting.”
About Principia Partners
Principia Partners is the leading software provider for the management and administration of structured finance and credit investment operations. Some of the largest investors in structured credit ABS, MBS and CDOs use Principia SFP as the operational backbone for their portfolios. It enables them to consistently manage, analyze and report on these investments and their associated liabilities and hedges. On a single platform, clients can perform the full range of portfolio management, cashflow and exposure analysis, compliance, risk reporting and accounting activities demanded by their business. Operational inefficiencies associated with using multiple spreadsheets and undedicated systems are reduced by integrating and streamlining these activities on a unified platform that addresses challenges unique to the management of structured finance operations.
Principia SFP’s powerful analytics and ability to interface with, combine and consistently apply deal, cashflow and performance data from the leading industry providers empowers managers to know and understand their investments. On an ongoing basis, users have the control to track, analyze and evaluate risk exposures at the deal, tranche or collateral level and gain a consolidated view of risk across any number of portfolios. The fully auditable operational environment provides the flexibility needed to adapt to changing management, regulatory and accounting mandates and ensure transparency is consistently delivered to investors 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 off-balance sheet operations such as ABCP conduits.
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:
Ben Jarrold
Tel: + 44 (0) 20 7618 1370
Email: Jarrold@ppllc.com