Hi,

	Today I met with John Dowling - a Vice President  of the Loan Pricing Corporation (LPC) .  LPC may present another potential set of options for ECT's data and/or public and private firm models needs.

	More specifically, John stated that LPC offers the following products/services:
	
?	A US data base - archives date back to 1988.  This database has various fields describing default and nondefault loans, etc.
?	A public and private firm model (both) for an annual subscription rate of $75,000.  These models estimate PDs for 1, 2, 3, 4, and 5 years.
?	The firm is beginning to collect data in European countries.


	John will be sending us further details about the analytical techniques used to develop their public and private firm models.  In addition, he will send us information on the various fields used in their database.



Regards,
Iris