Banquo Credit Management licenses the Principia System

Wednesday 2 February 2005 13:40 CET | News

Principia Partners LLC, a leading technology provider of comprehensive front-to-back office solutions for managing highly complex structured financial assets, liabilities and derivatives, announced that Banquo Credit Management LLP has launched its first portfolio of fixed income investments underlying the MTNs issued by Diversification Notes ONE plc (DN 1), and is live with the Principia System as its credit portfolio management solution.

The London-based pure credit manager is leveraging the powerful portfolio management capabilities of the Principia System to process investments in DN 1s portfolio of diversified investment grade bonds and credit instruments. The investment portfolio is funded in the market and immunized against currency and interest rate risk. Essentially DN 1s entire balance sheet will be managed on the Principia System, states Kevin Regan, joint CEO at Banquo Credit Management. The system enables Banquo to model, price, simulate, hedge, stress and capture trading strategies and simulations. After an extensive system search, Banquo selected the Principia System on the basis of its successful experience in satisfying the intense risk management and reporting requirements of Structured Investment Vehicles (SIVs). Banquos risk management focuses on a system of operating limits and hard limits based on the matrix monitored by the rating agencies as requisites for their Structured Investment Vehicle (SIV) ratings. The Principia System allowed us to rapidly bring our special product expertise to the market, said Peter Luthy, joint CEO at Banquo.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce