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August 18, 1997: Securities Industry News

Federal Home Loan Bank Taps Principia Analytic

The Federal Home Loan Bank of Dallas has agreed to implement Principia Analytic Systems for derivative and risk management for its $30 million portfolio. PAS is a front-to-back-office portfolio and trade management system for derivatives and fixed-income instruments. It was developed by Principia Partners, a Jersey City, N.J.-based company.

"The system is ideal for end-users who don't want to put the recourses into developing a system for many millions of dollars and don't want to hire additional people, but need processing capabilities," said Theresa Adams, principal and director of sales and marketing as PAS.

Other users include Hartford Life Insurance of Hartford, Conn., National City Bank of Cleveland and Black Rock Financial Management of New York.