Principia Adds Data Interface to Collateral-Monitoring Platform
Principia Partners, a solution provider for structured finance portfolio management and administration, launched an updated version of Principia Structured Finance Platform. The new version includes a standard interface that automates the processing of external data from independent performance data providers or bond trustees. The interface integrates data from multiple sources into a single platform that can display on-demand performance metrics. The upgraded platform facilitates monitoring of collateral pool performance within fixed-income assets including asset-backed securitizations (ABS), residential mortgage-backed securitizations (RMBS), commercial mortgage-backed securitizations (CMBS), collateralized debt obligations (CDOs), collateralized loan obligations (CLOs) and covered bonds. It allows portfolio managers risk analysts and compliance staff to monitor, analyze and report on loan-to-value ratios and cumulative deal-level losses as well as view collateral pool delinquency rates across various stratifications. “We are seeing a growing demand from financial institutions and investment managers looking to reduce the inefficiencies and risks associated with managing and integrating multiple databases and data sources for different structured finance deals,” said Douglas Long, executive vice president of business strategy. “Policy makers are making sure that organizations with long term investment goals involving securitized assets have a robust operational framework in place to really understand their investments on an ongoing basis.” Write to Diana Golobay.