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Lewtan Technologies First to Offer Interactive ABS Cashflows and Analytics in Europe
European ABS/MBS cashflow models are automatically updated with ABSNet performance data for multi-scenario analysis
For Immediate Release
Contact:
George Henman
Lewtan Technologies, Inc.
p. 781.672.1230
www.lewtan.com
June 8, 2004, Waltham, MA - Lewtan Technologies, the leading provider of information and technology solutions to the global asset securitization industry, today announced the availability of European ABS/MBS deal models for projecting cashflows on ABSNet. ABSNet is the industry’s most comprehensive source for global performance data, surveillance tools, analytics and content, providing detailed performance data for over 9,000 structured deals including nearly 1,000 non-US transactions. With the addition of European deal models to ABSNet, Lewtan becomes the first provider of interactive cashflows and analytics for European asset-backed securities which are continuously and automatically updated with performance data.
ABSNet Cashflows capture the underlying logic of a deal’s capital structure, the sequence in which bonds are paid, and the triggers which cause that sequence to change. Fully integrated with ABSNet’s European performance data and analytics, these models simulate the paydown of collateral and bonds in European ABS deals based on user-defined scenarios. This solution gives buy-side, sell-side and other industry participants the tools to perform sensitivity analysis against prepayment, loss, and recovery scenarios. Price, weighted average life and duration for bonds can also be calculated.
"The launch of European Cashflows on ABSNet further demonstrates our commitment to serving the evolving needs of the global securitization industry," said Stuart Lewtan, Chairman and CEO of Lewtan Technologies. "When coupled with ABSNet performance data and analytics, these deal models give firms a powerful tool to correctly price transactions and make relative value assessments between securities based on historical performance and forward looking projections."
ABSNet Cashflows support features common to European asset backed securities including the interaction between series of a residential mortgage Master Trust structure, multi-currency and diversified pools, bonds with fixed or floating coupons, and all amortization types. And cashflow results are exportable to Excel.
With new International Accounting Standards rules soon coming into effect, investors can use ABSNet Cashflows to mark their portfolios to market for accurate valuation.
Risk managers can utilize European cashflow models to assess interest rate risk and build credit risk profiles of holdings for compliance with Basel II. Deal models and data may also be integrated with in-house or vendor-supported Global Risk Management and Asset/Liability Management systems.
About Lewtan Technologies
Lewtan Technologies, Inc © is the leading provider of information and technology solutions to the global asset securitization industry. More than 200 institutions rely on Lewtan Technologies' solutions. In 1986, Lewtan entered the nascent asset-backed securities (ABS) marketplace with the first automated reporting system for ABS issuers. In 1999, working with Standard & Poor’s and other industry leaders, Lewtan launched ABSNet. ABSNet (www.ABSNet.net) is now the leading resource for ABS intelligence and surveillance. In 2001, Lewtan and Deutsche Bank Corporate Trust launched iCDO, the only full-service, Web-based transaction management system for issuers of collateralized debt obligations (CDO's). Lewtan has twice been awarded the International Securitization Report’s "Global Technology Provider of the Year" award.
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