A complete end-to-end processing solution for
Credit Derivative Product Company (CDPC)
management and administration
The Principia Analytic System (PAS) is a comprehensive end-to-end solution for managing
the operations of Credit Derivative Product Companies
(Credit DPC or CDPC). The system’s flexibility and
broad product coverage meets the shifting needs of these
dynamic operations.
- Comprehensive support of single and basket credit derivative products
- Management of assets and liabilities in conjunction with credit and other derivative products
- Robust pricing and calibration for accurate market standard valuation
- Flexible market data engine for credit spread curves management including uploads for Markit credit data
- Transparent pricing models incorporating subtleties due
to credit events specified in the contracts
- Scenario analysis and stress testing through an intuitive point-and-click sensitivity interface
- Comprehensive credit management and risk analysis
- Advanced risk analytics incorporating all market factors, including credit-01 and jump-to-default analysis
- Integration of proprietary
capital models
- Manage all traded products through their complete lifecycle, from deal capture through to accounting
- Trade definition and credit events drive operations processes such as documentation and reporting
- Complete accounting for all credit derivatives (pre- and post-default)
- Implementation
of operating manual, surrounding controls, audits and
reports that monitor compliance
Groups managing credit derivative product companies require
the same level of operations as large banks (systems for
analysis, deal capture, accounting, risk management, etc.),
but typically have much leaner staffs, correspondingly smaller
budgets, and shorter implementation timeframes. The need
for a single system that can handle all the elements involved
in running these operations is critical, and PAS meets this need.
| Broad Credit Product Coverage |
|
Single tranche CDO deal capture