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.
About Pool Netting
- Category: MBS Pool Netting