Principia Integrates Markit's ABS Pricing

Principia Partners LLC, which provides management and administration solutions to structured finance operations, has integrated European ABS (Asset Backed Securities) pricing from Markit Group Limited. "The ability to easily retrieve clean and accurate ABS pricing is more important than ever

By None

Principia Partners LLC, which provides management and administration solutions to structured finance operations, has integrated European ABS (Asset Backed Securities) pricing from Markit Group Limited.

“The ability to easily retrieve clean and accurate ABS pricing is more important than ever within the structured finance investment community,” said Douglas Long, executive vice president of business strategy at Principa. “One of the biggest operational hurdles in managing ABS instruments today is the need to validate prices from dealers, often from multiple independent sources.”

Once imported, pricing data from Markit can be further handled and analyzed within Principia SFP’s cashflow and exposure (risk) framework. Users will be able to use prices to imply option-adjusted spreads as well as calculate risk attributes, and they will also be able to manage ABS products along with liabilities (issuances or funding instruments) and derivatives on a single platform.

“We are pleased to offer mutual customers independent consensus pricing for the European ABS market, within the Principia product suite, and hope our efforts will boost efficiency and transparency in this fast growing asset class,” said Kevin Gould, executive vice president of Markit and head of products and analytics.

«