Article Archives
| Oct-06 | "The
possibilities are endless" Principia Partners provides the new generation of buy-side firms specialising in structured finance with a technology solution that enables them to manage their entire operational infrastructure. |
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| Aug-06 | Credit Derivative Product Companies -- Trends and Developments, Article written by Douglas Long, EVP Business Strategy, Principia Partners. |  |
| Jun-06 |
Converging developments in ABCP conduits
and SIV markets (pdf) Written by Douglas Long, EVP Business Strategy, Principia Partners. The focus of this report will be centered around structured investment vehicles (SIVs) and ABCP conduit programs, and will discuss the dynamics and challenges faced by these companies as well how these structures have influenced other structured finance vehicles and how they themselves are evolving and converging. Published in Asset Securitisation and Synthetic Structures, Euromoney Books, 2005 |
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| Aug-05 |
Challenges in Managing Credit Derivatives (pdf) Presented by Douglas Long, EVP - Business Strategy, Principia Partners at CutterResearch's Derivatives Series Webcast. |
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| Oct-04 |
A meeting of minds (pdf) Tightening spreads and growing competition are creating a new breed of financial firms that merge best practices from traditional credit trading and the securitisation industry. Credit derivatives are also coming of age, further facilitating this convergence by presenting new arbitrage and relative value opportunities. Douglas Long, product marketing manager at Principia Partners, examines the fusion of securitisation and asset management. Published in International Securitization Report. |
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| Oct-04 |
Advances In Structured Investment Vehicles (pdf) Rapid advances in credit products and structured finance have led to the creation of hybrid, innovative trading vehicles that combine the best of both businesses. New structured credit trading firms are applying dynamic portfolio management and rigorous risk management as well as reporting disciplines from proven leveraged operations, such as structured investment vehicles (SIVs). Published in Securitization News. |
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| Jul-04 |
Credit Derivatives: Analyzing New Developments
and Risks (pdf) Despite the fact that they have experienced tremendous growth, credit derivatives have been described by some industry observers as incendiary risk devices just waiting to explode. But is there any truth behind that perception? How risky are credit derivatives and what are the different types of credit derivative products? Douglas Long examines the evolution of credit derivatives, explains the potential benefits and analyzes the key risks linked to these instruments – including valuation risks and contractual risks. Published in GARP. |
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| Jul-04 | Premium Protection (pdf) As insurance companies continue to embrace the application of financial derivatives for hedging and profit, Douglas Long examines their use of credit derivatives. Published in FOW. |
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| Aug-03 | Derivatives Applications in the Insurance Industry (pdf) Brian Donnally, one of the founding partners of Principia Partners, discusses some of the more advanced ways in which insurance companies use financial derivatives contracts and the role technology plays in managing associated risks. Published in FOW. |
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| Aug-03 | Evolving Credit (pdf) By Douglas Long, Head of Product Management, Europe; published in Hedge Fund Review. The flexibility of credit default swaps makes them an invaluable tool for arbitrage, speculation or hedging products. |
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| Jun-03 | Making Securitization Transparent This article reviews the latest revisions to the IAS 39 standard and challenges institutions may face in adapting existing risk management techniques to it as they relate to derivatives and the securitization industry. By Sean Togher, Director of Product Management; published in Risk Management Magazine. |
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| May-02 | IAS39 Compliance: Ensuring Transparency and Credibility This article focuses on some of the major system issues and considerations companies may encounter in their efforts to meet the new standard. Published in gtnews.com. |
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| Feb-01 | Interest-Rate
Skews and Smiles Part 1 & 2: The
Market (pdf) This series of Learning Curves examines the ability of interest rate models to capture relevant market information, in particular the observed market-implied volatility surface. |
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| Mar-01 | What next for conduits? (pdf) If the expense involved in setting up an ABCP programme increases, banks will have to find ways to address the costs. Leonora Walters reviews some of the options. Used with the kind permission of ISR, a product of Thomson Financial, for any other details of products published by Thomson Financial please visit the TF website at the following address:- www.tfeurope.com |
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| Mar-01 | IAS39 – It's Here to Stay (pdf) This article gives an account of the development of a standardised approach to financial accounting, and points out the enormous challenges to companies. |
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| May-01 | New Basel Capital Accord and Asset Securitisation The Consultative Document for the New Basel Capital Accord will make the backup liquidity structures for many ABCP conduits very expensive. What had been a zero capital charge will become a capital charge of between 1.6% to 8% of the outstanding exposure. |
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| Dec-98 | Principia Partners on the FAS Track The ramifications of FAS No.133 — the US Financial Accounting Standards Board’s derivatives and hedge accounting standard — have not yet been fully recognized or embraced by a significant proportion of the US corporate market. Published in Financial Products. |
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| Sep-97 | A Buy and Hold Approach Risk management veteran FHLB's coo tells Andrew Webb about future front and back office plans, and of the bank's final withdrawal from third-party risk. Futures and Options World. |
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| Aug-97 | FHLB Dallas Installs Principia for Derivatives and
Bonds The Federal Home Loan Bank of Dallas is installing the Principia Analytics System from New Jersey-based Principia Partners to support its derivatives and fixed income businesses. Principia's application will replace the Catalyst derivatives system from Cats Software, which FHLB Dallas installed last year. Published in Derivatives Engineering and Technology. |
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| Aug-97 | Federal Home Loan Bank Taps Principia Analytic System 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. Published in Securities Industry News. |
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| Jun-96 | A Solution for End-Users Principia Partners, founded by a group of former traders, offers a software system developed for traders, but of particular appeal to end-users. Published in Futures and Options World. |
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| Jun-97 | Institutions Put Value on Risk Practices Jersey City-based Principia Software, which offers a relatively inexpensive turnkey, front through backoffice system known for its high level fixed income analytics, is planning to focus future marketing efforts at the corporate and fund management communities. Published in Wall Street and Technology, |
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| May-97 | Principia Revamps FX, Back Office The market for turnkey front-through-back-office trading systems is heating up as new players continue to enter the market. Principia, which is known for its low maintenance front-through-back-office derivatives system aimed at regional banks and corporates, has made two key changes to its system with an eye toward the future. Published in Derivatives Strategy. |
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| Feb-97 | Principia: Middle-Market Mavens Many derivatives vendors focus the lion's share of their attention on the top 20 global banks. Principia has focused its efforts on serving the middle-market derivatives dealers and end-users who are often afraid of becoming "just a number" at larger derivatives software vendors. Published in Derivatives Strategy. |
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| Oct-96 | PNC Bank Installs Principia for Vanilla and Exotic
Derivatives Pittsburgh-based PNC Bank has licensed new derivatives trading and risk management software from New Jersey-based Principia Partners. Published in Derivatives Engineering and Technology. |
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| Sep-96 | The Long March: Developing an Analytics Base Another group of banks took a collective approach, joining together with the Office of Finance in Virginia to look for a common solution. The search for the best provider took about 18 months from start to the signing of an agreement. Published in Derivatives Strategy. |
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| Aug-96 | Hartford Rolls Out Principia for Front-to-Back Derivatives
Support ITT Hartford Group, the US-based life and property/casualty insurer, has deployed Principia Partners' Principia Analytics System at its Simsbury, Connecticut corporate headquarters. The group's portfolio managers, analysts, traders, risk managers and back office staff are all using Principia to support the derivatives trading activities of Hartford's four main operating units and their respective portfolios. Published in Derivatives Engineering and Technology. |
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| Mar-96 | Principia Debuts Its Derivatives System at Eight Home
Loan Banks Eight U.S. federal home loan banks have gone live with the Principia Analytics System, a new entry in the high-end Unix-based derivatives trading and risk management systems market. The regional home loan banks have been using Principia since last August for financial modeling, derivatives trading, market risk and credit risk management systems support. Published in Derivatives Engineering and Technology. |