Lewtan to Provide ABSNet(TM) Cashflow Library to Thomson Reuters

WALTHAM, Massachusetts - Lewtan Technologies, Inc., provider of ABSNet, the industry’s leading source for asset-backed securities surveillance data, analytics, software, and content for the global securitisation industry, today announced that Thomson Reuters will utilize its ABSNet cashflow library to expand their Valuation Risk Service. This will give Thomson Reuters clients additional coverage of structured finance instruments in Europe in order to help strengthen transparency and develop better evaluated prices in the marketplace in light of the current financial crisis.

“The selection of our ABSNet library by Thomson Reuters is another example of Lewtan’s commitment to increasing transparency in the structured finance market,” said Ned Myers, Chief Marketing Officer of Lewtan. “Market transparency of prices and challenges with the mark-to-market model are on the forefront. With the structured finance community left to continue pricing most bonds on a Level 3 basis under FAS157, investors have had to interpret wide fluctuations in derivatives market prices, internal valuation models, and third-party valuations to determine the value of their portfolios. The combination of ABSNet’s data and deal models with Thomson Reuters pricing expertise will provide more credible prices when a mark-to-model price is required.”

Karl Mackelburg, Global Head of Structured Finance and Derivative Pricing, said: “The opaque nature of the world’s structured finance markets has driven demand for robust, independent, evaluated prices. Working with Lewtan supports Thomson Reuters goal of incorporating external market expertise to provide greater coverage and accuracy, especially on difficult to value assets.”

Thomson Reuters is utilising Lewtan’s ABSNet Cashflow library to provide model support in conjunction with observable price data for the broadest European MBS coverage. Market dislocation in global ABS/MBS/CMBS bond prices has required investors to acquire additional data on both the evaluated prices themselves and underlying credit performance. Lewtan provides both deal models to form independent pricing valuations as well as underlying credit performance data on both the bonds and the collateral supporting these transactions.

Neither Lewtan Technologies nor Thomson Reuters owns, offers, sells or originates any structured finance securities, which alleviates any potential conflict of interest.

About Lewtan Technologies

Through offices in North America and Europe, Lewtan Technologies, Inc., offers a wide range of content- and technology-based solutions to members of the global asset-securitization industry, including issuers, investors, underwriters, servicers, credit enhancers, and rating agencies representing more than 400 institutions worldwide. The company has twice been named Global Technology Provider of the Year by International Securitisation Report. In 2007 the company received the Innovation Award and commendations for client service and best-in-class surveillance tool in Money Market’s Securitisation Review & Survey Technology Awards. In 2008 the company received Credit Magazine’s Technology Innovation Award. More information is available at www.lewtan.com.

Source: Lewtan Technologies, Inc.

Lillian Flores of Lewtan Technologies, Inc., +1-781-672-1175, Lillian.Flores at Lewtan.com