  We report on the progress in calculating NLO DGLAP splitting functions for
$x<1$ using the New Principal Value prescription, which is a modification of
the standard Principal Value approach proposed by Curci, Furmanski and
Petronzio in 1980. The new prescription reproduces the standard results on the
inclusive (integrated) level, but simplifies individual contributions and
restricts the cancellations between real and virtual diagrams which makes it
useful for Monte Carlo simulations.
