Summary
NEW YORK (HedgeWorld.com) - The Depository Trust & Clearing Corporation has issued a white paper on the processing challenges created by the growth of the market for asset-backed securities.
Although the paper expressed satisfaction with a recent move by the Securities and Exchange Commission affecting all parties involved in processing, the chief theme is concern that the absolute level of late payments to end investors, and the volume of exception processing for financial intermediaries, will continue to grow.See the full content of this document
Extract
Dtcc White Paper Probes Abs/Cmo Challenges
Asset-based securities, notably including collateralized mortgage obligations, now represent more than a quarter of all ...
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