Principia's STP Functionality Licensed by GEAM
GE Asset Management Incorporated (GEAM), the investment management arm of the General Electric Company, has licensed Principia Partner’s Principia System. Initially, GEAM will use Principia System to process derivatives that hedge assets in their portfolio management business. GEAM plans to utilise the system’s straight-through-processing capabilities for managing trades from deal entry through to accounting. Users of the system will be able to structure and capture a broad range of instruments, perform risk analysis and hedge effectiveness testing, as well as deliver FAS 133 derivatives hedge accounting and reporting, said Principia.