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<head><meta name="description" content="PF2 Securities Evaluations provides consulting and litigation support-related services (including as expert witnesses) in the structured finance space, with a focus on collateralized debt obligations (CDOs)." /><meta name="keywords" content="cdo consulting, cdo consultants, cdo consultant, cdo expert, cdo experts, cdo evaluations, cdo evaluation, cdo valuations, cdo valuation, cdo pricing, cdo prices, cdo price, cdo market values, cdo market value, cdo fair values, cdo fair value, cdo instrinsic values, cdo instrinsic value, cdo impairment, cdo otti, cdo litgation, cdo lawsuits, cdo lawsuit, cdo expert consulting, cdo expert witnesses, cdo expert witness, cdo expert testimonies, cdo expert testimony, clo consulting, clo consultants, clo consultant, clo expert, clo experts, clo evaluations, clo evaluation, clo valuations, clo valuation, clo pricing, clo prices, clo price, clo market values, clo market value, clo fair values, clo fair value, clo instrinsic values, clo instrinsic value, clo impairment, clo otti, clo litgation, clo lawsuits, clo lawsuit, clo expert consulting, clo expert witnesses, clo expert witness, clo expert testimonies, clo expert testimony, cdo case, clo case, preferred security evaluation, preferred security valuation, preferred security pricing, preferred security price, preferred security market value, preferred security fair value, preferred security instrinsic value, preferred security impairment, preferred security otti, capital security evaluation, capital security valuation, capital security pricing, capital security price, capital security market value, capital security fair value, capital security instrinsic value, capital security impairment, capital security otti, trups evaluation, trups valuation, trups pricing, trups price, trups market value, trups fair value, trups instrinsic value, trups impairment, trups otti" /><title>
    PF2 Securities Evaluations, Inc. | CDO Evaluations | CDO Litigation Consulting | CDO Expert Witness
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                    <tr><td class="left">02/14/2012</td><td class="right"><a id="ctl00_ContentPlaceHolder1_Repeater1_ctl01_HyperLink1" href="http://www.pf2se.com/pdfs/US_Subprime_Probe_Benefit_CDO.pdf" target="_blank">U.S. subprime probe could benefit CDO investors</a></td></tr>
                
                    <tr><td class="left">10/31/2011</td><td class="right"><a id="ctl00_ContentPlaceHolder1_Repeater1_ctl02_HyperLink1" href="http://www.ft.com/intl/cms/s/0/e2e8f0b0-015e-11e1-b177-00144feabdc0.html#axzz1cNF4Gn2L" target="_blank">Financial Times: Don’t see rating agencies all as one</a></td></tr>
                
                    <tr><td class="left">09/30/2011</td><td class="right"><a id="ctl00_ContentPlaceHolder1_Repeater1_ctl03_HyperLink1" href="http://www.pf2se.com/pdfs/research/PF2%20-%20TruPS%20CDO%20Ratings%20Performance%20Updated%20Sept11.pdf" target="_blank">Update: Trust Preferred (“TruPS”) CDO Ratings Performance</a></td></tr>
                
                    <tr><td class="left">09/26/2011</td><td class="right"><a id="ctl00_ContentPlaceHolder1_Repeater1_ctl04_HyperLink1" href="http://www.bloomberg.com/news/2011-09-26/mcgraw-hill-says-s-p-received-wells-notice-on-delphinus-cdo-deal.html" target="_blank">S&P Gets SEC Wells Notice on Delphinus CDO</a></td></tr>
                
                    <tr><td class="left">08/18/2011</td><td class="right"><a id="ctl00_ContentPlaceHolder1_Repeater1_ctl05_HyperLink1" href="http://pf2se.com/pdfs/Research/PF2%20Comments%20on%20the%20Credit%20Rating%20Services%20Bill.pdf" target="_blank">Comments on the Credit Rating Services Bill</a></td></tr>
                
                    <tr><td class="left">08/13/2011</td><td class="right"><a id="ctl00_ContentPlaceHolder1_Repeater1_ctl06_HyperLink1" href="http://pf2se.com/pdfs/News/agenda.pdf" target="_blank">PF2 to present at annual Securities Experts’ Roundtable Conference in Chicago, IL</a></td></tr>
                
                    <tr><td class="left">08/13/2011</td><td class="right"><a id="ctl00_ContentPlaceHolder1_Repeater1_ctl07_HyperLink1" href="http://pf2se.com/pdfs/Research/PF2%20-%20Securities%20Expert%20Roundtable%20Presentation%20CDO%20Litigation.pdf" target="_blank">CDO Litigation: Ratings & Analysis</a></td></tr>
                
                    <tr><td class="left">07/26/2011</td><td class="right"><a id="ctl00_ContentPlaceHolder1_Repeater1_ctl08_HyperLink1" href="http://www.bloomberg.com/news/2011-07-26/mkp-capital-loses-4-8-as-lippmann-s-libremax-joins-mortgage-bond-decline.html" target="_blank">Bloomberg: MKP Capital Loses 4.8% as Lippmann’s LibreMax Joins Mortgage-Bond Decline</a></td></tr>
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    <p class="indent">PF2 is a independent third-party firm that specializes in measuring risk and improving transparency in the otherwise illiquid and opaque world of securitization.</p>  
    
    <p>With our keen appreciation for the various risk frameworks and rating methodologies, PF2 is regularly engaged by our clients to provide an independent opinion, as a consultant, and to perform objective assessments on the valuation of structured finance securities.</p>    
    
    
    <h3>CDO Services</h3>
    
    <p><a id="ctl00_ContentPlaceHolder1_HyperLink2" href="Content.aspx?Type=Evaluations"><b>Fair Value and "OTTI" Analyses</b></a> <br /> PF2 focuses on evaluating the risks inherent in trust preferred collateralized debt obligations (TruPS CDOs) and corporate-backed CDOs, including CLOs and CBOs.  Many of our clients deeply value the transparency we bring to the evaluation process, and the reporting options we provide under various accounting regimes, including FAS 115, 157 and EITF 99-20.</p>

    <p><a id="ctl00_ContentPlaceHolder1_HyperLink4" href="Content.aspx?Type=Legal"><b>Litigation Consulting</b></a> <br /> With our structured finance backgrounds, modeling know-how, and rating agency experience, PF2 has more recently been engaged to act as expert witness or supporting consultant on several timely litigation cases.</p>  
    
    <p><a id="ctl00_ContentPlaceHolder1_HyperLink3" href="Content.aspx?Type=Diligence"><b>Due Diligence</b></a> <br /> As an independent third-party, auditors and compliance teams regularly seek our objective opinion as to the appropriateness of certain regulatory capital, investment, risk and valuation frameworks.  PF2 provides consulting services to financial institutions that are designing their internal risk management platforms and those considering alternative measures to relying on credit rating agencies.</p>
    
    <h3>Ratings Services</h3>
    
    <p><a id="ctl00_ContentPlaceHolder1_HyperLink5" href="https://www.pf2evalurating.com/" target="_blank"><b>PF2 EvaluRating</b></a>&trade;<br /> Provides a centralized solution for the comparison and application of ratings-dependent performance data. PF2 EvaluRating&trade; promotes ratings accuracy and transparency, while encouraging users to learn more about the various intricacies of different rating agencies, both big and small.</p>

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