Principia Partners, a solutions provider for derivative and structured finance operations, has launched pasVal, an online portfolio valuation, risk, and accounting management service.
The pasVal service is a web-based interface that leverages Principia’s 20+ years of derivatives expertise. Its market-proven valuations engine provides complete portfolio reporting to a wide range of derivative specialists who require sophisticated pricing and analytics without the burden of full-scale system ownership.
“We recognised there were many businesses that wanted access to our award-winning pricing capabilities but who also wanted to minimise their systems’ infrastructure, not add to it. With pasVal, we’ve eliminated that concern,” says Theresa Adams, President and CEO of Principia. “The monthly subscription service helps portfolio and risk managers quickly value and analyse that most complex, headache-producing subset of their derivative portfolio which usually requires intense manual effort. Consultants, advisors, regulators, and auditors will also discover that pasVal targets their requirements perfectly. With pasVal, they can tap into the sophisticated valuation capabilities they need without also having to take on additional infrastructure costs. We think pasVal is just the kind of service they’ve been waiting for.”