Lewtan Technologies Launches the ABSNet™ Excel Add-in Tool for ABS Surveillance Automation
ABSNet™ users can now seamlessly integrate performance data from ABSNet into their own spreadsheets and models
For Immediate Release
Lewtan Technologies, Inc.
January 27, 2006, Waltham, MA Lewtan Technologies, Inc. (“Lewtan”) today announced the availability of the ABSNet Excel Add-in tool for customers of ABSNet™ (www.ABSNet.net), the Structured Finance Industry’s leading source for asset-backed securities surveillance and intelligence. The new ABSNet Excel Add-in allows ABS investors, investment bankers and other market participants to more effectively automate their surveillance process by bringing ABS performance data directly into their own spreadsheets, models and reporting templates.
The Excel Add-in Tool enables users of ABSNet to seamlessly integrate performance data from thousands of US and International ABS deals into Excel spreadsheets on the desktop, improving data access and process efficiency. The tool provides both current and historical performance data and deal information saving users time, reducing manual processes, and simplifying the generation of portfolio performance reports.
More than 12, 000 deals are now available on ABSNet and the new Excel Add-in lets users refresh data within their internal spreadsheet-based models and reports with the click of a button. Once the information is streamed into a spreadsheet, users can further manipulate the data using familiar Excel cell functions, graphs, and charts.
“ABSNet was developed with the goal of centralizing and standardizing the vast amount of information associated with ABS transactions to provide market participants the ability to make better informed decisions,” said Stuart Lewtan, CEO of Lewtan Technologies. “With the availability of the ABSNet Excel Add-in, users now have a powerful tool to help them to more easily access performance data and to automate their ABS surveillance process.
The ABSNet Excel Add-in is available as a premium service to subscribers of ABSNet. More information is available at www.lewtan.com.
About Lewtan Technologies
Lewtan Technologies, Inc. (c) is the leading provider of information and technology solutions to the global asset securitisation industry. More than 250 institutions rely on Lewtan Technologies' solutions such as ABSNet, the leading resource for ABS intelligence and surveillance in the global market. Lewtan also provides Cash Flow Models on ABSNet for multi-scenario deal analysis. ABS Discloser offers issuers the ability to provide investors with access to the loan-level information underlying securitisations and meet the SEC compliance requirements for Reg AB. Lewtan's ABS System automates an issuer's securitisation administration and reporting process. In 2001, Lewtan and Deutsche Bank Corporate Trust launched iCDO, a full-service, Web-based transaction management system for issuers of collateralised debt obligations (CDO's). Lewtan Technologies has twice been awarded the International Securitisation Report's "Global Technology Provider of the Year" award. For more information, visit us at www.lewtan.com.