Principia, a leading software provider for derivatives market participants and structured finance investors, today announced that the Federal Home Loan Bank of Topeka (FHLB Topeka) has signed up to access Principia's web-based derivatives valuation and risk analytics platform.
Principia's hosted web platform provides banks with access to a proven, multi-curve enabled platform for independent derivatives valuations, investment stress testing, risk management and financial reporting. The solution captures the subtleties of OIS discounting, including OIS curve construction, dual curve calibration, tenor/basis swap OIS-based curve adjustments, and the integration of OIS discounting into volatility calibration.
"We are very proud to call FHLB Topeka a client and add another of the FHLBanks to our user base. By quickly analyzing the impact of the fundamental changes in OTC markets, the bank is ahead of the curve, setting a strong example to the investment banking community," said Theresa Adams, President and CEO of Principia."