Eaton Vance selects CDO Software for Synthetic CDO Management

London, 05 February 2008

CDO Software confirmed today that Eaton Vance has selected CDO Software’s CDO Director™ and CDO Scheduler™ management tools to help manage the firm’s synthetic CDO business. The Boston based financial services firm launched the system last December as it looks to build its synthetic portfolio.

“CDO Software’s tools are a key component of the systems infrastructure needed to successfully grow our synthetic CDO business” says Tom Luster, Vice President and Co-Head, Investment Grade Fixed Income, Eaton Vance.

The CDO Tools™ suite of products provides firms with specific functionality for managing synthetic deals, whilst also having auditing and controls that give investors comfort and confidence when analysing a CDO manager’s infrastructure. “Technology, efficiency and controls are all becoming more and more important in today’s market as investors demand timely information on their investments and responsiveness from managers. Investors know that spreadsheets and manual processes carry greater risk - we provide the infrastructure to minimise this risk and help our clients become more efficient when selecting credits for better portfolio management,” says Sunay Shah, CEO of CDO Software.

CDO Software’s management tools are designed for both investors and managers. Investors can monitor their investments as markets are moving to see the real impact on their deals and not depend on monthly reporting that is often delayed and only received two to three weeks following the month-end. Managers benefit from current market data and efficient tools to help run models quickly to see how potential substitutions could help improve credit cushion and rating agency metrics. Deal-level notching logic and professional reporting capabilities at the touch of a button help managers focus on managing deals effectively and eliminate time wasted operationally with manual processes.

CDO Software is very pleased to have a large and reputable financial services firm such as Eaton Vance as a client. Sunay Shah explains “We have formed a very good relationship with the team at Eaton Vance. We look forward to working closely with them and delivering the tools that Eaton Vance needs to grow and effectively manage their synthetic CDO business.”

About CDO Software

CDO Software provides cutting-edge management tools for participants in the structured credit products and credit derivatives market. The CDO Tools™ suite of products enables investors and issuers to efficiently manage CDO products, including static and managed pools, CDO2 and single name credit default swaps. An invaluable tool, CDO Director™ covers the key stages of CDO management: data & trade capture, monitoring & analytics, integrated rating agency model runs and substitutions, and professional reporting. CDO Software delivers leading technology with open architecture that interfaces with live data sources and analytics software (third-party or in-house), whilst handling the capture, processing and reporting of tranche and underlying portfolio data. Changes to any portfolio are automatically logged and an audit trail is generated, helping to mitigate operational risks. This allows the use of consistent data firm-wide, vital for companies to mark-to-market their investments and help to achieve Basel II compliance. CDO Software’s management team has a wealth of experience in financial markets and specialises in credit derivatives, with a proven track record of delivering systems to major financial institutions. www.cdosoftware.com

UK Office:
CDO Software, 2nd Floor Berkeley Square House, Berkeley Square, London W1J 6BD
T: +44 (0)20 7887 7878

US Office:
CDO Software, 230 Park Avenue, 10th Floor, New York NY 10169 USA
T: +1 212 551 3500

About Eaton Vance

Eaton Vance Corp., a Boston-based investment management firm, is listed on the New York Stock Exchange under the symbol EV. Through its subsidiaries, Eaton Vance Corp. managed $158.5 billion in assets as of December 31, 2007.

Eaton Vance is an adviser and distributor of investment companies and separate accounts for individual and institutional clients.

Contact: Jeanette Harrison-Sullivan
Telephone: +1 617 598-8920
Email: jharrison-sullivan@eatonvance.com