PAS: Fixed Income Investment & Risk Platform
The Principia Analytic System (PAS) delivers a unified platform for the management of fixed income portfolios, interest rate derivatives, and associated hedging and funding strategies. Whether managing public bonds, private placements, or derivatives used for interest rate or FX risk, PAS brings valuation, risk, and accounting together in a single operational environment.
PAS is designed to streamline portfolio oversight and operational control, with full support for compliance, performance reporting, and regulatory requirements across the trade lifecycle—from deal capture to accounting and audit.
Complete Portfolio Management
- Manage fixed income investments, interest rate derivatives, and funding trades in one consolidated platform
- View public and private debt, hedges, and cash products together for holistic risk and performance analysis
- Integrate with internal or external performance systems for consistent return measurement
- Support for a broad range of fixed income products: Treasuries, Agencies, Corporates, Municipals, Sovereigns, High-Yield, and Covered Bonds
- Structured credit (ABS, MBS, CLOs) supported where applicable, but not required for use
Cashflow and Risk Analysis
- Run cashflow projections, exposure analysis, and scenario modeling across all asset classes
- Full integration of interest rate resets, floating-rate logic, and amortization structures
- Stress testing and sensitivity analysis on rates, spreads, volatility, and credit assumptions
- Analyze risk exposures, perform policy-based diversification checks, and generate regulatory reports
- Daily data refresh and configurable prepayment/default assumptions for portfolios where relevant
Accounting and Operational Control
- Historical valuation and cashflow tracking across positions
- Accounting engine supports FAS91/ASC310, FAS133/ASC815, FAS157/ASC820, and IFRS 9
- Multiple amortization and accrual methods, including retrospective adjustments
- Full control over factor and interest data, including custom inputs for non-standard positions
- Robust audit trails, workflow management, and compliance monitoring
- Designed to support evolving regulatory standards including Basel III/IV, CECL, SOX, and IFRS 9
Regulatory and Risk Compliance
- Generate reports for risk-weighted assets, capital adequacy, and portfolio compliance
- Flexible framework to comply with evolving market regulations, including:
- Basel (II, III, IV)
- SEC Reg AB II
- EU CRR/CRD requirements
- FASB and IASB guidelines
- Enforce operational controls with built-in audit support for internal and external requirements
Adapted to Today's Market Landscape
PAS gives fixed income managers and advisory firms the tools to manage growing complexity in a more transparent, efficient, and scalable way. Whether you're focused on interest rate risk, regulatory hedging, or performance reporting, PAS supports the complete process—from deal entry to board reporting—with audit-ready controls throughout.
