Principia System to support its asset-backed commercial paper conduit administration program Jersey City, New Jersey, January 16, 2002 - Principia Partners LLC, a leading provider of full front-to-back office systems for global capital markets, today announced that JPMorgan Institutional Trust Services has licensed Principia System to support its global asset-backed commercial paper (ABCP) conduit administration business.
JPMorgan Institutional Trust Services is a leading provider of administrative and support services for ABCP conduit programs, serving in the roles of commercial paper depositary, issuing and paying agent, collateral agent, security trustee, commercial paper administrator and SPV administrator.
JPMorgan will utilize the Principia System for both proprietary and third party conduit programs under its management.
For a wide range of financial assets, liabilities and derivatives, the Principia System provides intuitive portfolio management, flexible reporting and powerful accounting capabilities. In addition, the system is designed for rapid deployment and ease of maintenance. Theresa Adams, one of Principia's founding partners, says: "We are delighted to be working with a world-class provider of ABCP conduit services. Serving this particular industry leverages two critical strengths of ours: domain expertise in securitized products; and experience in providing streamlined operational efficiency through robust reporting and accounting."