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 publications 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 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. Principia SFP was awarded the Credit Technology Innovation award by Credit magazine in 2008, 2009 and 2010.
For press information contact:
Ben Jarrold
Tel: + 44 (0) 20 7618 1370
Email: Jarrold@ppllc.com