FHLB Topeka Adopts Principia for Valuation
Principia's hosted web platform provides banks with rapid access to a multi-curve enabled platform for independent derivatives valuations, investment stress testing, risk management and financial reporting. The solution captures the subtleties of overnight index swap (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," says Theresa Adams, president and CEO of Principia. "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."
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