The Electronic Pool Notification section defines EPN, explains how to access the systems required to use it, explains how to find and use its reports, and provides technical information for its use.
The topics in the EaSy Pool section of the MBSD Learning Center provide step-by-step instructions about how to use the Electronic Pool Notification (EPN) EaSy Pool (ESP) service. You can submit all original notification (ON), don't know (DK), cancel and correct (CC), and cancel (CX) messages through EaSy Pool. This guide assumes a general knowledge of mortgage-backed securities. This content is intended for information technology professionals, business analysts, and others who are responsible for implementing or operating EaSy Pool.
EaSy Pool is a messaging service that enables you to communicate with your counterparties. It provides a formatted data-entry and display facility for Electronic Pool Notification (EPN) message entry, message display, reporting, receipt of messages, and administration.
To access EaSy Pool, ensure that you are using EaSy Pool with an existing access coordinator (AC) set up with DTCC or FICC. Verify that you have the correct permissions.
Within the EaSy Pool section you can learn about:
EPN is intended for all firms that are engaged in the MBS pool allocation and notification process, including broker/dealers, inter-dealer brokers, commercial banks, government sponsored enterprises (GSEs), mortgage originators, insurance companies, investment companies, investment managers/advisors, mutual funds, trust companies, pension funds, international organizations, and organizations that act as principal to the underlying trade and maintain direct FICC accounts. Firms do not have to be members of FICC’s MBS Division clearing services in order to use EPN.
This section includes detailed descriptions of MBS EPN Reports. Each sample report is introduced with a definition table that lists the Purpose, Access, Clearing Fundamentals Cross-Reference, and Timing requirements. Reports can be printed only from the Report Center.
Also included in this section are various MBS code tables (e.g., Agency codes, DK Reason codes, and Trade Type codes).
It is assumed that you have a general knowledge of mortgage-backed securities processing. Please direct all questions regarding this information to the FICC Operations Department.
The EPN Pair-Off section of the Learning Center provides you with access to learning resources to assist you with MBSD's Pair-Off Service.
The Pool Substitution message provides members with an efficient method of transmitting Pool Substitutions to their allocation counterparties. The Pool Substitution message is structured to create a relationship between both the canceled and substituted pools. Canceled lots or pools are followed by substituted lots or pools of the same value (within variance).