Securitized Products Trade Lifecycle
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| Duration: One Day |
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Examine the diverse process associated with agency conforming and nonconforming securities. Become familiar with unique trading practices, allocation, the use of and impact of factor tables, comparison, settlement, financing and asset servicing functions. Delve into the role of the Fedwire, Fixed Income Clearing Corporation, Depository Trust Company, SIFMA and market data providers.
| Topics include: |
• Financing and inventory control
• Income collection and allocation: monthly principal and interest processing
• Macro view of the transaction lifecycle |
• Secondary markets: participants and trading environments
• Settlement and fail control
• Trade processing activities |
| Benefits of attendance: |
• Apply associated terminology
• Comprehend use of financing tools
• Examine the role of clearing banks |
• Focus on TBA trading practices
• Learn about the industry infrastructure
• Understand settlement processes |
| Staff from the following areas should attend: |
• Middle Office
• Internal Audit
• Information Technology |
• Regulatory Reporting
• Operations
• Risk Management |
Knowledge of MBS, ABS products or equivalent experience preferred |
