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Pareto Partners Choose iCDO to Manage Their 2nd High Yield CDO |
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Contact: |
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Ira Keller Lewtan Technologies, Inc. 781-895-9800 www.lewtan.com |
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July 22, 2002 Waltham, MA - Lewtan Technologies, Inc. ("Lewtan") today announced that Pareto Partners will manage their second Collateralized Debt Obligation (CDO), Flagstone CBO 2001-1 Ltd, using iCDO. iCDO, developed by Lewtan, is a Web-based management and administration system for CDO's designed to support multiple collateral types including High Yield Bonds, Credit Default Swaps, loans, asset-backed securities, and others. Pareto Partners, a specialist fixed income and currency overlay manager, chose iCDO after reviewing several solutions due to its Web-based infrastructure and front office analytics. Due to its Web-based technology, iCDO automates data collection for ratings feeds, pricings, and loan characteristics reducing data input time and manual input errors. This efficiency was important to Pareto Partners and influential in their decision to use iCDO. "After reviewing several products, we felt iCDO was the best solution for our global organization," says Janet Murphy, Senior Vice President and Portfolio Manager at Pareto Partners. "The system provides the analytics we need to accurately manage our CDO and efficiencies that installed software cannot deliver." 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, the industry’s leading source for ABS intelligence and surveillance. In 2001 with Deutsche Bank Corporate Trust and Agency Services, Lewtan launched iCDO, the industry’s only full-service, Web-based CDO management and administration system. Additional information available at www.lewtan.com www.ABSNet.net |
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