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Bank One Corporate Trust and Lewtan Technologies,
Inc. Launch New Asset-Backed Securities Web Site
Bank One, Lewtan Partner on New ABS Web Site
For Immediate Release
Contact:
Jay Lebed
Lewtan Technologies, Inc®
781-672-1130
jlebed@lewtan.com
www.lewtan.com
March 27, 2000, Waltham, MA - Lewtan
Technologies ("Lewtan"), Bank One Global Corporate Trust
Services and Lewtan Technologies recently announced a new Bank One
web site, located at abs.bankone.com, for publishing and disseminating
information about asset-backed securities (ABS) for which Bank One
is trustee. Servicing $500 billion of debt securities, Bank One
Global Corporate Trust is one of the largest servicers of asset-backed
securities in the U.S. By offering access to data and information
on public asset-backed securitization transactions via their Internet
site, Bank One is expediting the flow of information on these bonds
to Bank One clients and other potential investors.
The web is unquestionably one of the best channels
for disseminating information to our clients, and Lewtan was able
to assist us in this effort, said Linda Patterson, senior managing
director of Bank One Global Corporate Trust Services. Lewtans
talent and web experience enabled us to provide a value added service
to our customers and to the public at large. We believe this service
is completely unique in the ease and speed with which critical information
gets into the hands of those who need it.
Lewtan Technologies is the developer of ABSNet
(www.absnet.net), an Internet site that distributes standardized
performance data and related information on public asset-backed
securities to professionals in the asset-backed community. Prior
to ABSNet, information on asset-backed securities was communicated
primarily on paper, using non-standardized reporting metrics. In
1998, Lewtan Technologies formed a consortium among several leading
organizations within the securitization industry to develop a centralized
data repository and technology infrastructure for the asset-backed
industry. Since the introduction of ABSNet in March of 1999,
more than 8,000 ABS professionals have logged on to the site to
gain access to performance data, news, research, and related information
on public asset-backed securities.
Bank One serves as a Platinum Partner for Lewtans
ABSNet site. As an ABSNet Platinum Partner, Bank One
Global Corporate Trust is actively involved in determining the direction
and development of ABSNet. Their partnership reflects the
banks commitment to provide leadership among asset-backed
trustees in the area of information dissemination.
Were pleased that Bank One recognizes
the value that were providing to the asset-backed industry
through ABSNet, said Stuart Lewtan, president of Lewtan Technologies.
We welcome the opportunity to assist Bank One in their effort to
provide the best available services to their clients.
Bank One Global Corporate Trust provides financial
services to corporations, governments, municipalities, underwriters,
investment bankers and other financial entities. Managing 17,000
accounts and servicing $500 billion of debt securities, Bank One
Global Corporate Trust maintains offices and client service professionals
in 13 states throughout the United States. Bank One Corporation
also owns several additional corporations that engage in a full
range of financial services. Information about Bank Ones financial
services may be accessed on the Internet at www.bankone.com.
About Lewtan Technologies, Inc.
Lewtan Technologies, Inc.® is the leading
provider of software, data and analytics to the global securitization
industry. Founded in 1986, Lewtan serves over 200 securitization
customers worldwide. In 1999, Lewtan, working with an industry consortium
including Standard "&" Poor's, Fitch, Bank One and
others, launched ABSNet (www.absnet.net).
ABSNet is now the leading Internet source of structured finance
news, data, research and analytics, with over 6,000 users in more
than 50 countries. Lewtan offers industry participants "Powered
by ABSNet" solutions that leverage ABSNet's web infrastructure,
database and user base. Solutions benefit issuers, CDO collateral
managers, dealers, investors, credit enhancers, trustees, rating
agencies and asset-backed CP conduit sponsors.
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