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MBS Pool Netting

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The Pool Netting section explains:

  • what pool netting is,
  • how to access the systems required to utilize pool netting,
  • how to locate and utilize the output and reports from the pool netting process, and
  • technical information required to optimize your use of the features, functions and backup of required systems.

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Pool Netting Topics (14)


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In 2009, FICC introduced the Central Counterparty (CCP) Pool Netting Service. This service is part of the Real-Time Trade Matching (RTTM) system for mortgage-backed securities (MBS); RTTM is a product of the Fixed Income Clearing Corporation's (FICC) Mortgage-Backed Securities Division (MBSD). Pool netting allows MBS clearing members to net pool instructs stemming from TBA netting and trade-for-trade–date (TFTD) activity to arrive at a single net position in a particular pool. This applies to those pool instructs that meet certain trading velocity and netting criteria.


Subcategories

The Pool Netting Topics category includes the following articles:

  • About Pool Netting
  • Important Terms
  • MBSD RTTM System for Pool Netting
  • Perform Pool Instruct Activities
  • Pool Instruct Entry
  • Pool Instruct Query
  • Pool Instruct Affirm, Modify, Cancel, and DK
  • Perform CDR Activities
  • Enter, Query, and Release CDRs
  • Perform TBA-Submitted Query Activities
  • Process a TBA-Submitted Query
  • Review the Advisories Split-View Screen
  • Review the Exception Recap Screen
  • Review the Rejects Screen