iCDO Launches Support for Synthetic Collateralized Debt Obligations

CDO Management and Administration System Includes Tools Needed to Manage Credit Default Swaps

For Immediate Release

Contact:
Neal St. Clair
Marketing Communications Specialist
Lewtan Technologies, Inc®
781-672-1127
nstclair@lewtan.com
www.lewtan.com

June 17, 2002 Waltham, MA - Lewtan Technologies, Inc. ("Lewtan") today announced that iCDO, the only full-service, Web-based CDO management and administration system can handle synthetic CDOs. iCDO provides a single-system solution for CDO management and includes full collateral support for loans, bonds, asset-backed securities, emerging markets, and credit default swaps.

Lewtan developed credit default swap functionality in iCDO to meet market demand. As more collateral manager's turn to synthetic CDOs, they require robust systems to maintain and manage their collateral portfolios. Earlier this year, Global Investment Advisors, a division of Reich & Tang Asset Management, LLC, chose iCDO to manage their second CDO, a managed synthetic deal. Lewtan Technologies worked closely with Global Investment Advisors to tailor the functionality and specifications of iCDO to the needs of synthetic CDO management.

"We understand that collateral managers don't want investment decisions to be hindered by limitations in technology," says Ira Keller, Senior Vice President of Sales & Marketing at Lewtan. "For that reason, iCDO is designed to accommodate an organization's entire CDO program including multiple collateral types each with its own unique characteristics."

Developed in partnership with Deutsche Bank Corporate Trust & Agency Services, iCDO is the first and only Web-based CDO management and administration system available. It affords collateral managers the ability to monitor and manage their CDO portfolio 24 hours a day, 7 days a week using any Web-enabled computer.

About Lewtan Technologies

Founded in 1986, Lewtan Technologies is the leading provider of workflow solutions to the global asset securitization industry. Lewtan entered the nascent ABS marketplace with the first automated reporting system for issuers. Today more than 200 institutions rely on Lewtan Technologies' solutions. In 1999, working in partnership with industry leaders including S&P, Fitch, and Banc One, Lewtan launched ABSNet. ABSNet (ABSNet.net) is now the industry's leading resource for ABS intelligence and surveillance. With Deutsche Bank Corporate Trust and Agency Services, Lewtan launched iCDO in 2001. iCDO is the industry's only full-service, Web-based CDO management and administration system.