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.
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.
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.
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
Chief Technology Officer
Senior Product Manager
Head of Machine Learning
Head of Marketing
Head of Finance & Operations
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Prytania Solutions Limited is registered in England and Wales with registered number 10500632.
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