Lewtan to Provide ABSNet Cashflow Library to Thomson Reuters

Lewtan Technologies announced that Thomson Reuters will use 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, Lewtan said.

ABSNet provides a source for asset-backed securities surveillance data, analytics, software, and content for the global securitization industry.

"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," Karl Mackelburg, global head of structured finance and derivative pricing, Thomson, Reuters, said in a release.

Thomson Reuters is using 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 said.

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, the release said. Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio