P.T. ABS Finance Indonesia* Licenses Visual Structuring Software (STARS VST) from Lewtan Technologies

ABS Finance Indonesia and Lewtan Technologies on the Forefront of Securitization in Southeast Asia

For Immediate Release

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

July 23, 1996, Waltham, MA - Lewtan Technologies ("Lewtan"), the leading provider of software, data and analytics to the global securitisation industry, announced that ABS Finance Indonesia of Jakarta, Indonesia has licensed the STARS Visual Structuring System (VST). STARS VST is an object-based system used for conceptualizing, modeling, stress testing, communicating and reverse engineering asset-backed and mortgage-backed transactions.

ABS Finance Indonesia is a joint venture multi-finance company whose primary focus is to originate and structure consumer and corporate assets, as well as infrastructure revenue bonds, with securitization techniques. ABS Finance Indonesia pioneered the securitization of credit card receivables in Indonesia and Asia. Andre Abdi, Chairman of ABS Finance Indonesia asserts, "Indonesia is one of the premier growth securitization markets in Southeast Asia." He adds, "Because ABS Finance Indonesia is a major player in securitization, we have many customers with diverse needs. VST’s flexibility increases our speed to market and adds significant value to our operations."

ABS Finance Indonesia’s purchase of STARS VST is indicative of Lewtan’s commitment towards establishing a worldwide presence in an increasingly international market. Lewtan Technologies has done business in eleven countries, spanning five continents. "We are excited to have ABS Finance Indonesia as a customer. This relationship significantly enhances our involvement in Southeast Asia, where we expect dynamic growth in securitization over the next several years", said Dr. Jay Lebed, Director of Emerging Markets at LT. He added, "By employing STARS VST’s cutting edge technology, ABS Finance Indonesia will be able to structure, stress test and market asset-backed deals quickly, accurately, and with consistency."

STARS VST is a breakthrough in visual modeling of complex financial transactions. It lets you draw a picture of a deal, and quickly simulate its performance under multiple what-if scenarios. With STARS VST, even the most complex structure can be designed quickly. By simply dragging pre-defined objects (such as tranches, cashflows, and triggers) into the workspace, drawing lines to connect the objects (the lines represent cash or information flows), the results are immediately visible in user-defined graphs and tables. STARS VST comes complete with pre-defined securitization objects and also provides a multitude of reverse engineered deals, which are indicative of the most recent structuring trends and are the starting point for engineering new deals. For the power-user, STARS VST offers a comprehensive visual development environment for building customized objects.

STARS VST, with many pricing options, is available directly from Lewtan Technologies. Standard packages are available for multi-site or multi-users and include a host of pre-modeled deals.

About STARS VST

The STARS family includes Lewtan’s Flagship product, the STARS ABS System, a complete solution for performing all investor reporting and accounting for servicing asset-backed transactions. The STARS Visual Structuring System (VST) is a visually intuitive structuring environment employing CAD technology to model ABS/MBS deals. The STARS Collateral Analysis System is a comprehensive solution for performing pool selection and cash flow modeling for any asset-backed transaction. The STARS Conduit Management System provides the up-front analysis, decision support, ongoing monitoring, and accounting functionality needed to launch and run a successful and profitable multi-asset, multi-currency, asset-backed conduit.

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.