Principia Partners has upgraded its ABS/MBS product utilizing the Intex database. The enhanced product addresses issues in the operational management of asset-backed and mortgage-backed securities: the ability to process ABS/MBS instruments from deal capture through to accounting; and the ability to value and monitor ABS/MBS instruments in conjunction with other portfolio assets and derivatives using a consistent valuation model and analytical framework. The integration with Intex runs through the core of the Principia application, enabling a consistent view of historical and projected cash flows throughout the system: front office positions, risk or operations/accounting. Principia says the product also ensures consistent valuation across all asset classes, applying the company’s valuation models for ABS/MBS instruments and their associated hedging derivatives.
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