VST (Visual Structuring System)™ Features Gain-on-Sale Report

GOS Reporting Now in VST™

For Immediate Release

Contact:
Jay Lebed
Lewtan Technologies, Inc®
781-672-1130
jlebed@lewtan.com
www.lewtan.com

May 30, 1997, Waltham, MA - Lewtan Technologies ("Lewtan"), the leading provider of software, data and analytics to the global securitisation industry, is pleased to announce that VST, a progressive structuring tool used to model ABS and MBS, now calculates Gain-on-Sale.

Through VST’s standard suite of reports, users can access a comprehensive Gain-on-Sale report. This report allows issuers to immediately view the gain/loss posted to their balance sheet from an ABS issuance. The system’s report writer couples excess cash flow from the modeled deal with user provided information (ex: FASB 91, Dealer Reserve etc.). Thus, the Gain-on-Sale calculation is simplified and issuers can concentrate on seeing the value of their deal. As with other VST standard reports, the Gain-on-Sale report complies with FASB 125. This report is just one of the many progressive solutions that LEWTAN TECHNOLOGIES offers to the securitization industry.

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 6,000 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.