Prytania Solutions (PSL) provides transparent, independent valuations of structured credit, from liquid RMBS and CLOs, to bespoke regulatory capital transactions. We price thousands of securities everyday, and feed this data back to you to provide transparency and ensure confidence.

Contact

Prytania Solutions
Cannon Place
London
EC4N 6HL
view map

valuations@prytaniasolutions.com
+44 (0)203 786 6010

Contact

Prytania Solutions
Cannon Place
London
EC4N 6HL
view map

valuations@prytaniasolutions.com
+44 (0)203 786 6010

About

PSL is a technology-focused valuation services company specialising in structured credit.

Our evaluated pricing service is built on a wealth of market knowledge and experience, leveraged by quantitative analysis and machine learning techniques.

Our methodology is used to satisfy fair value requirements under IFRS13 and aid prudential valuation work under the forthcoming IFRS9 requirement. The AIFMD regulatory requirement to adopt independent valuations means asset managers can benefit from our specialised expertise in structured credit.

Our "More Than a Price" philosophy means we can provide clients with an extensive amount of information around any valuation.

Our principals have over 100 years of combined experience in managing, trading, structuring and analysing all sectors of the market.

Our clients range from IPV desks within Investment Banks, through to Pension Funds. Extensive projects have been undertaken for Governments, regulatory institutions, Central Banks, and we have also worked with insurers, asset managers and deal originators.

Evaluated Pricing

At Prytania Solutions we price thousands of assets everyday. We produce our evaluated price by using a combination of market observables and machine learning.

We provide evaluated pricing across European ABS markets and global CLO markets, bringing transparency to structured credit.

Once set up, you can view your entire portfolio on the web and enjoy full access to the metrics that have contributed to your valuations. For illiquid assets with no direct observations, we provide even more in-depth metrics as to how the evaluated price has been constructed.

Evaluated price and observation history

View the historical evaluated prices for each bond and track the direct observations that contributed to each valuation.

Quantify liquidity in the structured credit market

Track quote counts across the market and the ratio between bid-only and offer-only quotes.

Your portfolio - priced in an instant

View your portfolios on the web and see metrics such as price, spread and the number of observations of direct and similar assets.

Learn how the market is trending

Compare how asset classes are trading relative to each other across the capital structure by using hard metrics. Hard metrics quantify the relative value between countries and asset classes, as well as the market reactions to macro events.

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Enhanced Valuation

We price assets that require a large attention to detail. PSL can value the most complex structured credit securities. Our team is supported by proprietary analytics centred around a powerful cash flow engine, engineered to quickly calculate the results of complex deals.

We price complex assets that require a large attention to detail. PSL can value the most complex structured credit securities. Our team is supported by proprietary analytics centred around a powerful cash flow engine, engineered to quickly calculate the results of complex deals.

We offer enhanced valuations across structured credit to facilitate regulatory reporting requirements.

Our analysis is aided by our bespoke cashflow engine that can model individual credits in underlying portfolios, revealing hidden value and risks via deterministic and stochastic analysis.

Concurrent visualisation software can reveal hidden deal characteristics and tail risks from idiosyncratic elements of a deal.

Deep. Dig in to the detail.

Our cash flow engine allows modelling right the way down to the loan level, enabling huge increases in detail to transactions with hundreds or thousands of collateral line items.

We can then run stochastic analyses on the deal to reveal loss distributions and tail risks.

Our tools and capabilities have seen clients benefit from our stress-testing and complex valuation work under the Solvency II regime and Basel III accord.

Flexible. Any structured credit deal can be modelled.

Prytania Solutions’ can model CLOs, CDOs, Master Trusts, and any ABS transaction, cash or synthetic. Value and risks attributable to non-securitised pools of assets can also be captured.

Features including interest rate swaps, rating constraints and various derivatives can be modelled in.

Thorough. Modelling all the way down to each underlying asset.

We can help you model each individual receivable in an underlying portfolio, giving each its own coupon, default curve, and correlation.

Powerful. Running stochastic Monte Carlo analyses.

Default curves can be assigned to each underlying credit, allowing stochastic analyses to be run on deals to reveal loss distributions on both the portfolio and each tranche.

Team

Our team has a broad range of expertise gained from careers in investment banks, asset managers and hedge funds. We hold Degrees and PhDs in mathematics, physics, engineering and computer science from institutions such as Oxford and Cambridge.

To get in touch or to request a demo, please click here.

Jim Irvine

Managing Partner

Fraser Malcolm

Managing Partner

James Wright

Chief Technology Officer

Matthew Price

Senior Product Manager

Dr Kelvin Jackson

Head of Machine Learning

Connor Brogan

Product Analyst

Garry McDougall

Head of Marketing

Andrew Bristow

Business Development

Sian Madigan

Marketing Assistant

Shreena Ghumra

Head of Finance & Operations

Anish Pindoria

Infrastructure Engineer

Women in Finance Charter

Women in Finance Charter

Prytania Solutions (PSL) believes that promoting a diversified employee base can only be beneficial for our business and the wider financial services industry. PSL is a signatory to the HM Treasury's Women in Finance Charter. The UK government seeks to ensure that as many firms as possible sign the Charter and implement its recommendations thus creating a more balanced and fair industry.

As part of the charter we are committing to the following targets to promote gender diversity and balance:

• Improve gender diversity at a senior level, such that 33% of our senior management roles are held by women by September 2021.

• PSL is committed to equality of opportunity in all areas of its business. All existing and prospective partners and employees are treated in a fair and equal manner and in accordance with the law regardless of gender, marital status, race, religion, colour, age, disability or sexual orientation.