Products and Services
The MBS Novation initiative is a conversion to operational Novation, and a simplification of the netting and settlement process that enables MBSD to eliminate inefficient processing, such as notification of settlement”.
Real-Time Trade Matching
Real-Time Trade Matching (RTTM®) enables dealers, brokers and other market participants to automate the processing of fixed income securities trades throughout the trading day.
Electronic Pool Notification (EPN) is the industry standard for agency mortgage-backed securities pool notification.
Netting and Settlement Services
The Mortgage-Backed Securities Division (MBSD) of Fixed Income Clearing Corporation (FICC) provides comprehensive Netting and Settlement Services that address the unique needs of this specialized market.
Automated Funds-Only Settlement Service
Fixed Income Clearing Corporation's (FICC) Automated Funds-Only Settlement Service provides a standardized, automated method for settling non-trade, funds-only obligations each day between FICC and its customers' settling banks.