New York, NY, February 03, 2016 --(PR.com
)-- 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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