Lewtan Technologies releases iCDO, its latest ASP solution

iCDO - The communication, collaboration and e-commerce network for the CDO market space

For Immediate Release

Contact:
Paul Arvidson
Lewtan Technologies, Inc®
781-672-1216
parvidson@lewtan.com
www.lewtan.com

May 21, 2001, Boston, MA - Lewtan Technologies ("Lewtan"), the leading provider of software, data and analytics to the global securitization industry released its latest software solution. iCDO is the only true web-based product available for managing, tracking and analyzing collateralized debt obligations (CDOs).

CDO professionals can benefit from the flexibility iCDO provides. The system is web-based, alleviating installation, maintenance and support from users' local networks. Additionally, iCDO is accessible from any web browser with proper user authentication.

Working in conjunction with its strategic partner on the project, Deutsche Bank's Corporate Trust & Agency Services, Lewtan has also developed specific trust and collateral administration functionality which will allow clients of Deutsche Bank's CDO trust business significant advantages, consolidating front and back end processes in one application.

CDO is "Powered by ABSNet," the structured finance industry standard for delivering ABS information over the Internet. By leveraging ABSNet's proven infrastructure, iCDO utilizes sophisticated user authentication, data collection and security technology. ABSNet provides the latest ABS news, research and data to more than 7,000 ABS professionals.

iCDO provides the structured finance market a turn-key infrastructure for administering and monitoring CDOs. System functionality includes compliance testing, hypothetical trading, cash flow projections, collateral analysis, portfolio management and investor report production. In addition, the system incorporates multiple third party data feeds including ratings, pricing info and security characteristics.

"We envision iCDO as becoming the underlying infrastructure for all players involved in the CDO market space," said Stuart Lewtan, CEO of Lewtan Technologies. "The product is designed to facilitate the communication of consistent data, information and analytics specific to collateralized debt obligations."

"We believe iCDO will quickly become the market standard. Using the application to administer our trust business provides our CDO clients a streamlined operating platform whose benefits we believe will be widely appreciated in the market," said John Wallace, Global Product Manager for Structured Finance in Deutsche Bank's Corporate Trust & Agency Services business.

In developing iCDO, Lewtan followed its tradition of collaborating with industry leaders to stay abreast of market needs. Early adopters of the product include several leading asset managers. Lewtan Technologies will be demonstrating iCDO at the Strategic Research Institute 4th Annual Collateralized Debt Obligations conference in New York City on June 4th and 5th.

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 7,000 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.