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)
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.