Press Release
Lewtan’s ABS Data integrated with Principia Structured Finance Platform to enhance portfolio transparency for investors
Performance data for over 150,000 bonds now integrated with internal analysis on Principia’s portfolio management, risk surveillance and compliance platform
New York, NY - March 23, 2010 - Principia Partners, the leading solution provider for the management and administration of structured finance portfolios and Lewtan™, the leading source of asset-backed securities performance data and analytics for the global securitization industry, today announced the availability of Lewtan’s ABSNet performance data via the Principia Structured Finance Platform (Principia SFP). The adaptor integrates Lewtan’s extensive performance data, which covers over 20,000 global structured finance deals, into Principia’s end-to-end operational platform.
Investors using Principia SFP and ABSNet™ will be able to load and refresh data from the ABSNet deal portal and efficiently reference Lewtan deal performance data - alongside their own proprietary sources of deal or loan-level analysis. Access to this combination of asset performance data within Principia’s infrastructure allows organizations to model their portfolio of structured finance and fixed income assets, along with their associated derivatives and funding products. Portfolio managers, risk and compliance staff can then more accurately analyze and report on the risk and performance of these positions. Deal performance statistics, calculated and maintained by Lewtan, are utilized within an advanced risk measurement and compliance framework and flow into downstream accounting processes delivered in Principia SFP.
“The provision of detailed deal structure information, ongoing analytics and performance data has always been the focus of the ABSNet solution. We can now see the regulatory and investor community in the securitization market recognizing the need for this level of independent deal analysis. This combined solution delivers the transparency to drill-down into individual deals, within a system that encompasses overall market and credit risk analysis,” said Ned Myers, Chief Marketing Officer of Lewtan.
Lewtan’s current and historical deal performance statistics are fully incorporated into Principia SFP's standard portfolio composition reports, deal reports and compliance engine. This allows investors to track all of the 100+ performance variables monitored by Lewtan from within the system. These measurements are augmented with the ability to track standard performance metrics and other asset information available through Principia SFP. Limits can then be set to maintain compliance, perform rigorous stress tests and deliver timely reports regarding asset performance at the portfolio, deal, tranche or collateral level.
“We are the first to fully automate independent ABS and MBS performance data into a complete out-of-the-box structured finance solution,” stated Douglas Long, EVP, Business Strategy, Principia. “ABSNet’s wide coverage of deals across the globe and its impressive level of analysis made it an obvious choice for a data partner. By leveraging this analysis within Principia SFP, investors can see deal performance in the wider context of their portfolio or operations and have the confidence that they have the timely and accurate information required to diligently manage their investment portfolios.”
About Lewtan
Through offices in North America and Europe, Lewtan offers a wide range of content- and technology-based solutions to members of the global asset-securitization industry, including issuers, investors, underwriters, servicers, credit enhancers, and rating agencies representing more than 300 institutions worldwide. The company has twice been named Global Technology Provider of the Year by International Securitisation Report and has received the Innovation Award and commendations for client service and best-in-class surveillance tool in Money Market’s Securitisation Review & Survey Technology Awards. In addition, the company has been awarded Credit Magazine’s Technology Innovation Award.
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
For sales and product information contact:
Principia
Mark Kahn
Email: Kahn@ppllc.com
Tel: +1 (212) 480 2270
Lewtan
Usman Ismail
Email: Usman.ismail@lewtan.com
Tel: +44 (0) 20 7621 2000 or +1 (781) 672 1217
www.lewtan.com
