Press
Press Release

CMS BONDEDGE LAUNCHES THE CMO/ABS ANALYZER
Web-based application and web service for structured securities
now available


Los Angeles: June 11, 2002
CMS BondEdge, an operating division of Interactive Data Corporation (Nasdaq: IDCO), and a leading provider of fixed income portfolio analytics, today announced the official launch of the CMO/ABS Analyzer, an interactive web-based application and web service for descriptive information, analytical details, and cash flow projections on collateralized mortgage obligations (CMOs), asset-based securities (ABS), and commercial mortgage-backed securities (CMBS).

The CMO/ABS Analyzer provides cash flows, price/yield tables, tranche descriptive data, deal structure and factor histories for more than 50,000 CMO, ABS, and CMBS tranches, representing about 9,000 deals that have been reverse-engineered by CMS BondEdge. The information is accessible via a standard web browser, and as a web service that can be invoked remotely via the Internet by another client program. Teri Geske, senior vice president of product development, comments, “By using the latest web technology, we’re able to provide fast, flexible access to massive amounts of information on structured securities. CMS BondEdge has a long history of expertise with calculation-intensive fixed income valuations, so the CMO/ABS Analyzer cash flow engine is extremely fast. In addition, we’ve used what has emerged as the standard for the provision of web services, Simple Object Access Protocol (SOAP). SOAP technology offers maximum flexibility that enables us to link quickly and easily to other programs including legacy technology programs and SOAP-aware programs, notably including Excel. Web technology enables us to integrate much more easily with the major liability systems and data warehouses for fully integrated asset/liability management.”

Laurie Adami, president of CMS BondEdge adds, “This new product represents a milestone for our business. Over the past twelve to eighteen months, we’ve made significant progress rearchitecting the BondEdge product; with the CMO/ABS Analyzer, we can now offer a stand-alone product that allows us to reach a broader cross-section of the fixed income marketplace. We’ve had substantial interest from various asset/liability, accounting, trade order management, and risk management vendors; we’ve also had significant interest from both buy- and sellside firms who fit our existing market profile, but from various departments within those firms that we’ve not traditionally sold to.”

For an online demonstration of the CMO/ABS Analyzer, please go to www.cmsbondedge.com.


About CMS BondEdge:
For over 20 years, CMS BondEdge has been recognized as a leader in fixed income analytical software. Long known for the BondEdge system, CMS BondEdge is trusted as an independent source of research, analytics and valuation tools by over 550 institutions in the U.S. and Canada. CMS BondEdge is an affiliate of FT Interactive Data and division of Interactive Data Corporation (Nasdaq:IDCO), a leading global provider of financial and business information to institutional and individual investors. More information on CMS BondEdge is available at www.cmsbondedge.com. Corporate information on Interactive Data Corporation is available at www.interactivedatacorp.com.

Contact:
Lisa Herbert, CMS BondEdge
Tel: (310) 479-9715
Email : lisa.herbert@be.ftid.com