Announcements
22 Aug 2024 |
Epsilon Introduces TotalCare Managed Service Epsilon announced the launch of its TotalCare Managed Service, a comprehensive managed service designed to streamline the management of both Epsilon’s ETS and Principia Analytic System (PAS), aimed at optimizing client usage and reducing their administrative burdens. ...Read More |
26 Jan 2024 |
Epsilon Acquires Principia Partners, Strengthening its Product Offering Epsilon Technologies Group today announced its acquisition of Principia Partners LLC, thereby adding the Principia Analytic System to its product line alongside ETS, a comprehensive and sophisticated trade management platform designed specifically for Federal Home Loan Banks, GSEs and regional banks. ...Read More |
08 Nov 2023 |
Principia Names Douglas Long CEO Principia Partners LLC today announced the appointment of Dr. Douglas V. Long as Chief Executive Officer. ...Read More |
03 Jul 2023 |
IOSCO Statement on Alternatives to USD LIBOR The IOSCO issued a statement regarding replacements to USD LIBOR which included warnings about the misuse of Term SOFR and Credit Sensitive Rates. ...Read More |
26 Apr 2023 |
OCC Issues Joint Statement on LIBOR Transition The OCC today issued a joint statement to remind banks that U.S. dollar (USD) LIBOR panels will end on June 30, 2023, and to emphasize that it is important that banks with USD LIBOR exposure complete their transition of remaining LIBOR contracts as soon as practicable. ...Read More |
03 Apr 2023 |
FCA Announces Decision on Synthetic USD LIBOR The FCA has announced that it will compel LIBOR's administrator (ICE) to continue publishing 1-, 3- and 6-month USD LIBOR settings using an unrepresentative 'synthetic' methodology until September 2024. ...Read More |
10 Mar 2023 |
ISDA Guidance on Bloomberg Fallback Rates Fallbacks seem like a simple replacement rate, but it's not so simple after all. This ISDA guidance gives some of the clearest language to date on the "gotchas" of IBOR Fallbacks. ...Read More |
03 Mar 2023 |
Bloomberg Resources for LIBOR Transition Bloomberg has a number of helpful fact sheets, guides and rulebooks for managing the LIBOR Transition which they have recently updated. ...Read More |
22 Feb 2023 |
CME Publishes Eurodollar Fallback Implementation Plan The CME announced it will convert all eligible Eurodollar futures and options to their SOFR equivalents on April 14, 2023. ...Read More |
05 Oct 2022 |
The FASB voted to defer the sunset date of Topic 848 to December 31, 2024 and to remove the Reference Rate Reform - FV Hedge project from its technical agenda. ...Read More |
29 Sep 2022 |
FCA Announces Decision on Cessation of Synthetic GBP LIBOR The FCA has decided to permanently cease publication of the 1M- and 6M- synthetic GBP LIBOR at the end of March 2023. ...Read More |
17 Aug 2022 |
CME Publishes USD LIBOR Swap Conversion Methodology CME has published the methodology for converting cleared USD LIBOR swaps to their SOFR equivalents. ...Read More |
04 May 2022 |
New initiative for SOFR Options announced by CME. CME has announced a new market initiative aimed at speeding up adoption and liquidity for SOFR Options in June and July of 2022. ...Read More |
22 Apr 2022 |
The latest analysis of RFR adoption is now available. RFR global activity continues to increase and has grown significantly in the last quarter. ...Read More |
20 Apr 2022 |
FASB has proposed chances to RFR guidance The FASB has proposed that reference rate relief guidance period be extended and to also consider SOFR Swap Rates as benchmark interest rates. ...Read More |
18 Oct 2021 |
OCC Releases Self-Assessment Tool for Banks: LIBOR Transition The OCC has updated their Self-Assessment Tool for Banks regarding the LIBOR Transition, to help them evaluate their preparedness for the cession of LIBOR. ...Read More |
15 Oct 2021 |
CFTC Selects November 8 for SOFR First for Non-Linear Derivatives The Interest Rate Benchmark Reform Subcommittee of the CFTC has voted to select November 8th, 2021 for switching interdealer trading conventions from LIBOR to SOFR for USD non-linear derivatives. ...Read More |
31 Aug 2021 |
FAQs for ARRC's Best Practice Recommendations for SOFR Term Rates The ARRC has published a set of Frequently Asked Questions regarding their Best Practice Recommendations for the Use of SOFR Term Rates ...Read More |
8 Jun 2021 |
The CFTC has officially recommended that interdealer trading conventions should switch to SOFR from July 26, 2021 for linear swaps. ...Read More |
09 Apr 2021 |
A Look at SOFR Swaption, Cap/Floor, and Exotic Trade Levels Trading volumes for SOFR-based caps and floors seems to be gaining some momentum though other SOFR-based options are picking up at a much slower pace. ...Read More |
22 Mar 2021 |
IBOR Fallback Rule Book and FAQs In addition to the IBOR Fallback Rate Adjustments Rule Book, published by ISDA and Bloomberg, Bloomberg has recently published a handy set of frequently asked questions on the topic. ...Read More |
21 Mar 2021 |
The Alternative Reference Rates Committee (ARRC) today issued its progress report on the transition away from U.S. Dollar LIBOR. ...Read More |
30 Nov 2020 |
The Federal Reserve's Statement on LIBOR Cessation The push to transition away from LIBOR gained some needed muscle today with a statement from FRB, FDIC, and the OCC. ...Read More |
19 Aug 2020 |
Principia Announces Early Achievement of SOFR Readiness Targets Principia announced that both their enterprise platform, Principia Analytic System, and online valuation service, pasVal meet or exceed all SOFR readiness targets as itemized by the ARRC in their Internal Systems & Processes: Transition Aid for SOFR Adoption guide, published in July 2020. ...Read More |
14 Jul 2020 |
TPG to Provide Derivative Valuations via Principia's pasVal Service Principia announced a new alliance with TPG, a leading developer of streamlined front-to-back office investment accounting and management software solutions. ...Read More |
06 Jul 2020 |
CME's Mid-Year Recap of SOFR Ecosystem Published Key Highlights from CME Summary of SOFR Ecosystem Mid-Year Recap. ...Read More |
21 Apr 2020 |
ISDA's Q1 2020 Updates for Interest Rate Derivatives Key highlights from ISDA's 1st Quarter review of the interest rate derivatives market. ...Read More |
03 Mar 2020 |
SOFR basis swaps have begun to overtake SOFR OIS swaps though this seems due to traded notional instead of trade count. ...Read More |
02 Mar 2020 |
NY Fed Begins Publication of SOFR Averages and SOFR Index The Federal Reserve Bank of New York is now publishing three daily compounded averages and a daily SOFR index to aid those calculating compounded averages over custom time periods. ...Read More |
12 Feb 2020 |
NY Fed to Publish SOFR Averages and SOFR Index The Federal Reserve Bank of New York is now publishing three daily compounded averages and a daily SOFR index to aid those calculating compounded averages over custom time periods. ...Read More |
21 Jan 2020 |
ISDA's Full Year 2019 Interest Rate Benchmarks Review Key highlights from ISDA's Interest Rate Benchmark Review for Q4 and Full Year 2019. ...Read More |
3 Dec 2019 |
Coming Soon: SOFR Discounting on Interest Rate Swaps Both the CME and LCH are planning to perform a coordinated single-day transition from discounting all cleared USD interest rate swap products with the EFFR to SOFR. ...Read More |
27 Nov 2019 |
ISDA's First Half 2019 Key Derivatives Market Trends Review Key trends from ISDA's OTC Derivatives Markets Review for First Half 2019. ...Read More |
24 Oct 2019 |
ISDA's Q3 2019 Updates for Interest Rate Derivatives Key highlights from ISDA's 3rd Quarter review of the interest rate derivatives market. ...Read More |
16 Oct 2019 |
As of March 31, 2020, the FHLBanks should no longer enter into LIBOR-based transactions with maturities past December 31, 2021. ...Read More |
30 Sep 2019 |
SOFR-based OIS trading continued growth in Q3 2019 with SOFR basis swaps starting to keep pace. ...Read More |
5 Sep 2019 |
Sep-19 LIBOR Replacement: Watchlist Momentum grows and other markets begin to prepare for the ripple effects of LIBOR replacement. ...Read More |
16 Jul 2019 |
SOFR-based OIS trading had big increases at the end of Q2 2019. ...Read More |
29 May 2019 |
FASB ASU 2017-12 Deadline Draws Near FASB ASU 2017-12 Deadline Draws Near and pasVal is here to help ...Read More |
10 May 2019 |
May-19 LIBOR Replacement: Watchlist Fallback language takes shape and a "big bang" transition for discounting with SOFR gets attention from the CME. ...Read More |
10 May 2019 |
ISDA's Q1 2019 Updates for Interest Rate Derivatives Key highlights from ISDA's 1st Quarter review of the interest rate derivatives market. ...Read More |
25 Mar 2019 |
Principia Now Offering a Comprehensive Solution for SOFR Derivatives Principia announced the full integration of SOFR into their platform, Principia SFP, and the online derivatives valuation service powered by it, pasVal. ...Read More |
20 Mar 2019 |
SOFR-based OIS trading grew significantly at the start of 2019. ...Read More |
12 Mar 2019 |
Mar-19 LIBOR Replacement: Watchlist SOFR-based issuance and SOFR futures trading took big leaps in February. ...Read More |
24 Jan 2019 |
ISDA's Q4 2018 Updates for Interest Rate Derivatives Key highlights from ISDA's 4th Quarter review of the interest rate derivatives market. ...Read More |
6 Dec 2018 |
SOFR issuances, futures, and swaps all significantly increased trading in October and November 2018. ...Read More |
30 Nov 2018 |
Nov-18 LIBOR Replacement: Watchlist ISDA announces preliminary fallback methodology, SOFR continued growth and the ECB discontinued some tenors of EURIBOR. ...Read More |
16 Nov 2018 |
ISDA's Q3 2018 Updates for Interest Rate Derivatives Key highlights from ISDA's 3rd Quarter review of the interest rate derivatives market. ...Read More |
8 Nov 2018 |
Principia Offers SOFR Impact Assessments with pasVal Principia announced its new service: impact assessments for the US market transition from LIBOR to SOFR. ...Read More |
31 Oct 2018 |
Oct-18 LIBOR Replacement: Watchlist FASB officially added SOFR as an approved rate for hedge accounting and a new idea for LIBOR transitions took shape. ...Read More |
25 Oct 2018 |
FASB Issues Accounting Standards Update No. 2018-16 Derivatives and Hedging (Topic 815): Inclusion of SOFR OIS as a Benchmark Interest Rate for Hedge Accounting Purposes. ...Read More |
28 Sep 2018 |
Sep-18 LIBOR Replacement: Watchlist SOFR-related debt issuances and swaps continued to increase and fallback language was put forth for consultation. ...Read More |
11 Sep 2018 |
SOFR Derivatives Now Available in pasVal Market participants can now fully capture and value SOFR derivatives via subscription to pasVal's monthly online valuation service. ...Read More |
31 Aug 2018 |
Aug-18 LIBOR Replacement: Watchlist In August, the market made new strides in accepting alternative rates to LIBOR, particularly for SOFR in the US. ...Read More |
24 Jul 2018 |
Jul-18 LIBOR Replacement: Watchlist In June and July, there were new market developments on the LIBOR replacement front: ...Read More |
31 May 2018 |
May-18 LIBOR Replacement: Watchlist In May, there were further important developments on the LIBOR replacement front: ...Read More |
17 Apr 2018 |
Apr-18 LIBOR Replacement: Watchlist Several new and important developments on the LIBOR replacement front, not least of which was the publication of SOFR. ...Read More |
5 Mar 2018 |
The ARRC Issues Updated Report The ARRC has updated their initial report on LIBOR replacements ...Read More |
28 Feb 2018 |
Feb-18 LIBOR Replacement: Watchlist In February, there were a few new and important developments on the LIBOR replacement/reform front: ...Read More |
20 Feb 2018 |
FASB Proposes Update to Benchmark Interest Rates FASB proposed an update to expand the list of U.S. benchmark rates permitted in the application of hedge accounting. ...Read More |
08 Nov 2017 |
Nov-17 LIBOR Replacement: Watchlist pasVal's special summary watchlist to help you prepare for the upcoming changes to LIBOR and its potential replacements. ...Read More |
07 Nov 2017 |
More Webinars for FHLBanks and Swap Advisors... Webinars specifically for FHLBanks and Swap Advisors showing how pasVal easily provides valuations, CVA, and HET. ...Read More |
26 Sep 2017 |
Webinars showing how easy comprehensive Hedge Effectiveness testing is in pasVal. ...Read More |
31 Aug 2017 |
FASB Simplifies Derivatives Hedge Accounting FASB has announced important improvements to hedge accounting requirements for derivatives' risk profiles. ...Read More |
30 Jun 2017 |
New Hedge Effectiveness Capabilities with pasVal pasVal's push-button hedge effectiveness testing now includes prospective tests for the dollar offset method. ...Read More |
25 Apr 2017 |
pasVal hosted webinars in April and May to show comprehensive hedge effectiveness testing at the push of a button. ...Read More |
29 Nov 2016 |
Valuation, CVA and HET Webinar pasVal hosted webinars to specifically show financial institutions how to make valuations, CVA and HET easier than ever. ...Read More |
26 Oct 2016 |
pasVal hosted a webinar to show just how easy your GASB derivative reporting could be. ...Read More |
31 Aug 2016 |
GASB 72 Derivative Reporting Webinars pasVal hosted three webinars to show just how easy your GASB 72 derivative reporting could be. ...Read More |
1 Jul 2016 |
FHLBanks demo on independent valuations, CVA and HET pasVal hosted a webinar specifically to show financial institutions how to make valuations, CVA & HET easier than ever. ...Read More |
3 Feb 2016 |
GASB 53 Reporting and Effectiveness Testing Made Easy pasVal provides full hedge effectiveness testing and reporting to help state and local governments comply with GASB 53 ...Read More |
1 Feb 2016 |
Make Sure You've Got Your OIS Bases Covered with this Comprehensive Checklist Make no mistake, switching to OIS Discounting can have a material impact. Use our OIS Checklist to make sure you've got all your bases covered. ...Read More |
15 Dec 2015 |
Straightforward OIS Discounting Impact Assessment with pasVal Get OIS discounting impact assessments from Principia’s derivatives valuation service, pasVal. ...Read More |
15 Oct 2015 |
Principia Makes Complex Valuations More Accessible with pasVal pasVal is an online portfolio valuation, risk, and accounting service from the derivatives portfolio experts, Principia. ...Read More |
