Federal Home Loan Banks' (FHLBanks) Office of Finance has licensed the Principia System to support fixed income analytics activities.
The Office of Finance, which is the debt issuing facility for the US-wide network of FHLBanks, will go live with the software at the end of the year.
The Prinicpia System provides debt analysis and supports deal capture, pricing and risk measurement and relative value analysis for a range of agency bonds and derivatives.
A number of the regional FHLBanks are currently using the system to manage fixed income and derivatives business processing. Debbie Cohen, senior director planning and research, FHLBanks Office of Finance, says: "We wish to provide a common valuation engine and Principia was an obvious choice."