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FANMAC Limited Signs Distribution Agreement
with Lewtan Technologies
FANMAC will distribute STARS family of Products.
For Immediate Release
Contact:
Paul Arvidson
Lewtan Technologies, Inc®
781-672-1216
parvidson@lewtan.com
www.lewtan.com
September 30, 1996, Waltham, MA - Lewtan
Technologies ("Lewtan"), the leading provider of software,
data and analytics to the global securitisation industry, today
announced that a strategic alliance has been formalized with FANMAC
Limited, of Sydney, Australia. FANMAC Limited will serve as a distributor
of Lewtan’s STARS family of products in Australia and New Zealand.
"Lewtan sought out this alliance as part
of our commitment to establishing a worldwide presence in an increasingly
international market. We are excited to launch our collaboration
with FANMAC and we will continue to aggressively seek additional
opportunities to provide our products and services across the globe.",
added Stuart Lewtan, president of Lewtan.
FANMAC Limited was the first issuer of securitized
product outside the U.S., and is the largest issuer in Australia,
with nearly A$5 billion issued. Established in 1986 to develop and
implement a securitized mortgage lending program for the state of
New South Wales, FANMAC was the first organization to issue pass-through,
multiple-tranche and floating rate mortgage-backed securities.
FANMAC now offers securitization services throughout
Australia, New Zealand and Southeast Asia through its Sandstone
Financial Services subsidiary, headed by Bruce Arnold. Mr. Arnold
has been responsible for numerous ground-breaking transactions in
both the United States and Australia. He was an original member
of First Boston’s Asset Finance group While at First Boston,
Mr. Arnold was responsible for the first credit card master trust,
the first tax-exempt issue, the first recreational vehicle and motorcycle
deals, and the first transactions for many of the top auto finance
companies, as well as numerous other issuers.
According to Mr. Arnold, "Australia has
taken its cue from the U.S. in structuring mortgage and asset-backed
transactions. It is only natural that Australia turns to the U.S.
for tools to make issuance easier and more effective. We are very
excited to represent Lewtan Technologies in Australia and New Zealand--in
our opinion, the STARS family of products represent the premier
solutions of their kind in the world."
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.
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