Principia Partners LLC has announced that the Federal Home Loan Bank of Boston (FHLB-Boston) has extended its commitment to the Principia System to handle its investment, debt and derivatives management program. The renewal f the relationship, now in its eleventh year, marks FHLB-Boston as one of Principia’s longest standing clients.
“Principia has consistently demonstrated their commitment to our business,” states Frank Nitkiewicz, Senior Vice President, Chief Financial Officer & Treasurer. “Most recently, the bank encountered an unanticipated analytical issue for which customized reporting was required in a very short period of time. Principia’s extensive knowledge of our business and their robust analytical valuation models were quite evident, as they provided the dedicated support and solution that enabled us to meet a very pressing and short deadline.”
“The enduring relationship that we have with the Federal Home Loan Bank of Boston is one that Principia truly values,” states Theresa Adams, President and CEO of Principia Partners. “Their commitment and input have been instrumental to our product’s evolution and ability to deliver a solution that meets the unique needs of the FHLBanks and other government-sponsored entities (GSEs) and agencies.”