GASB 53 Reporting and Effectiveness Testing Made Easy

New York, NY – February 3, 2016 - Principia Partners, a leading solution provider for derivative and structured finance operations, today announced the launch of its GASB 53 service to greatly reduce the efforts state and local governments expend complying with this standard. The service includes comprehensive hedge effectiveness testing and a full reporting package including net cash flows and hedge disclosure requirements for use in financial statements.

Without the need for software, hardware or even a long-term commitment, these government entities and their advisors now have an independent, online method to manage their positions and quickly generate valuations, risks and their GASB 53 reporting. Backed by Principia’s 20-year expertise with derivative valuations and hedge accounting, they can also count on the service to catch the kind of subtleties that can really make a difference in valuations and testing effectiveness.

“Making compliance easier for our clients really matters to us.” stated Theresa L. Adams, Principia’s President and Chief Executive Officer. “With our GASB 53 service we take the pain out of dealing with this complicated set of government reporting requirements. For each portfolio you upload, you receive a comprehensive set of fair-value valuations, hedge effectiveness tests and financial disclosure reports. All backed by Principia’s sophisticated, proven analytics and full client support.”

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About Principia Partners

Principia Partners LLC provides solutions for derivative and fixed income operations. Global financial institutions and independent asset managers have used the award-winning Principia Analytic System since 1995 to unify valuations, portfolio management, risk surveillance, hedge accounting and operational control across the breadth of fixed income and derivative products. In 2015, Principia launched its Analytic Service, pasVal, to make its award-winning pricing and analytics available to an even broader range of businesses.