The purpose of this guide is to provide the learning with an understanding of what trade matching and TBA netting are, how to access the systems required to utilize trade matching and TBA netting, locating and understanding the output and reports from the trade matching and TBA netting process and any other technical information required to make sure you optimize all of the features, functions and backup of all the systems required for successful usage.

 

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The Mortgage-Backed Securities Division (MBSD) of Fixed Income Clearing Corporation provides comprehensive netting and settlement services that address the unique needs of this specialized market.

MBSD’s combined TBA trade matching and netting services reduce customers’ overall settlement obligations by netting eligible TBA trades, regardless of the identity of the trading party’s contra-side, to establish net settlement obligations with both original and assigned counterparties.


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