In the MBS/ABS/IO/PO panel, you can manually book an open (buy or short sell) and close (sell or buy to cover) trade for the following types of mortgage backed securities (MBSs):
■ Lottery bonds
■ Certificates for automotive receivables (CARs)
■ Certificates of amortizing revolving debt (CARDs)
■ To be announced securities (TBAs)
■ Collateralized mortgage backed securities (CMOs)
■ Interest only mortgage strips (IOs)
■ Principal only mortgage strips (POs)
■ Targeted return index securities (TRAINS)
This article assumes you are familiar with the entity and security level elections that have been made for processing mortgage backed securities.
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