Douglas Long, the EVP of Product Strategy for Principia stated, "The SOFR market is in the early adoption phase of this important evolution. Software provider Principia Partners has launched pasVal, a web-based valuation tool to aid the transition from LIBOR to SOFR. The company is working with several financial institutions and other companies on its new product, which will be available in early 2016. market participants to measure firms' preparedness for the migration to SOFR. The service provides guidance, highlights opportunities and increased risk exposure, and recommends action. In its latest Transition Report, ISDA calls for impacted parties to immediately begin preparations for the impending market disruption.
Software provider Principia Partners has launched pasVal, a web-based valuation tool to aid the transition from LIBOR to SOFR. The company is working with several financial institutions and other companies on its new product, which will be available in early 2016. market participants to measure firms' preparedness for the migration to SOFR. The service provides guidance, highlights opportunities and increased risk exposure, and recommends action. In its latest Transition Report, ISDA calls for impacted parties to immediately begin preparations for the impending market disruption.