OpenSource, Inc.

openSource for Highly-Structured Financial Deals - The Portfolio Management Group at GE Capital Global Project and Structured Finance (GPSF) Formerly T&I, has recently introduced a text retrieval/hypertext system to aid in managing and accessing GPSF's highly structured financing deals. Text-retrieval technology has been available for some time and provides a mechanism for searching for words and phrases within text documents. Hypertext breathes new life into GPSF's electronic documents by linking textual information, making it possible to navigate quickly through large documents.

Benefits - The benefits are numerous, including ability to master complex deals quickly, less chance of missing pertinent information items within a document, and reduction in legal costs-combined with faster litigation turnaround times. Based on current trends, GPSF expects to realize a cost savings in legal fees of between 10 and 20% during the first year. This translates into significant dollar savings compared to traditional paper oriented and word-processor based queries. According to senior vice president and manager of project investments, Mike Tzougrakis, "We are seeing improvements in areas we never expected. to structure a new deal, people can explore 10 or 20 other deals and pick and choose the parts that make the most sense. It is an evolution in better deal structuring.