Scalable Derivative Portfolio Management
The Principia Analytic System (PAS) is a proven, front-to-back platform for the independent valuation, risk management, and accounting of fixed income and derivative portfolios. Built to support the full lifecycle of interest rate instruments, PAS is used by leading buyside institutions to structure, value, and manage everything from vanilla swaps to complex derivatives with embedded optionality.
Flexible Access
PAS is available in two deployment models, with a licensing structure designed to fit your unique needs. For organizations that require maximum control, security, and integration flexibility, we offer an enterprise proprietary installation—hosted in your environment and tailored to your infrastructure. For teams that value speed, scalability, and ease of management, our SaaS model delivers the same powerful functionality—fully hosted and managed by us.
Comprehensive Derivatives Coverage
- Structure and value interest rate swaps, swaptions, basis swaps, cross-currency swaps, and more
- Support for embedded features like caps/floors, amortizations, cancelables, and daily accruals
- Configure trades using Risk-Free Rates (SOFR, SONIA, €STR, TONA) and legacy LIBOR curves as needed
- Apply multi-curve frameworks with accurate pricing of tenor, basis, and cross-currency spread adjustments
- Use CSA-specific discounting for collateralized trades – OIS discounting is fully integrated and aligned with market standards
- Historical and live market data coverage for rates and volatilities
Valuation, Risk and Attribution in One Platform
- Perform daily or on-demand valuations across entire portfolios or individual trades
- Run cashflow projections, forward mark-to-markets, and scenario analysis
- Stress test yield curves (parallel, twists, steepeners), basis spreads, and volatilities
- Attribute hedge performance and risk across portfolios, accounts, or trade groupings
- Full support for prospective and retrospective hedge effectiveness testing under FASB, GASB and IFRS guidelines
Operational Efficiency and Control
- Centralize trade, client, and counterparty data in one system
- Automate daily processes for valuation, risk, and accounting
- Maintain a full audit trail and time-stamped valuation history
- Generate accounting outputs for ASC310, ASC820, ASC815, and IFRS 9
- General ledger support for assets, liabilities, and derivatives
- Export clean, audit-ready reports for regulators and internal control teams
Built for Today's Interest Rate Environment
PAS is built for today's multi-rate world. Whether you're managing portfolios indexed to SOFR, dealing with LIBOR legacy trades, or hedging callable municipal debt, the system adapts to your needs:
- Native RFR support across all valuation and structuring modules
- Market-standard OIS discounting, now treated as a baseline, not a complexity
- Transparent configuration of curves, spreads, and pricing logic
- Support for both cleared and bilateral OTC derivatives, including central clearing conventions
Find the right fit - talk to us today
We'd love to hear more about your requirements and help you discover the ways PAS can be tailored to fit for your valuation, risk and accounting operations.
Contact us to arrange a discovery conversation.
