Electronic Pool Notification (EPN) is the industry standard for agency mortgage-backed securities pool notification. It 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.
It is a real-time store and forward message switch that provides an electronic communication network for transmitting MBS pool allocation information quickly, efficiently, and reliably.
DTCC offers a few ways to communicate with EPN including Messaging Queue (“MQ”) and RESTful Application Program Interface (“API”). MBSD has also implemented EaSy Pool (ESP) as a communications front-end to the EPN system to provide a Web-based solution for the real-time exchange of pool information.
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