# Presentation: 269781

## Ginnie Mae Systems Overview

## Integrated Pool Management 

**Concept of Operations**

**Ginnie Mae Proprietary Systems**

**Bank of New York **
**Proprietary Systems**

- Other Ginnie Mae Systems

- Maintained by other contractors

- IPA

- MBSIS

- GMEC

- New Issuer Module

- IPMS – New Pool Processing Module

- IPMS – Pool Reporting Module

- Fed Interface

- Automated Clearing House

- Unclaimed Funds System

- Ginnie*NET*
- Network

- Custodian

- Issuer

## Ginnie Mae Proprietary Systems

**IPMS Interfacing Modules**

-  New Issuer Module
-  New Pool Processing Module
-  Pool Reporting Module
-  Central Registry Module
-  MBS Factor and Tax Reporting Module
-  REMIC Database Module
-  Multifamily Database Module
-  Pool Transfer Module
-  Master Agreement Module
-  Letter of Credit Module

## Other Ginnie Mae Proprietary Systems

-  Ginnie*NET*
-  Unclaimed Funds System
-  Ginnie Mae Web Site
-  Ginnie Mae Enterprise Contact System, (“GMECS”)
-  REMIC and Platinum Securities Search Pages

## Bank of New York Proprietary Systems

**Interfacing Modules**

-  Automated Clearing House (“ACH”)
-  Fedwire Interface

## New Issuer Module

-  PC based tracking, review, and approval module for     Ginnie Mae Issuer applications
- Used by Ginnie Mae staff
- Interface to IPMS is batch via Connect Direct*
-  Maintenance and Upgrade

***Connect Direct is a software product from Sterling Commerce which facilitates file transfers**

## IPMS – New Pool Processing Module

** ****Mainframe (batch and online) application that:**
** **Processes pools from Ginnie*NET*
-  Re-edits pools from Ginnie*NET*
-  Allows data entry of manual pools
-  Checks Master Agreements
-  Checks Commitment Authority, Status, and Pool Numbers
-  Allows automatic and manual approval of pools
-  Generates Multiple Issuer Pools
-  Releases New Issue files to Federal Reserve
-  Updates Bank’s Fed Delivery System with Pool Delivery Instructions
-  Adds pools to Pool Reporting Module
-  Creates investor position on Central Registry
** ****Maintenance and Upgrade**

## GinnieNET

** **A web based application with a dedicated network communications facility to provide Ginnie Mae Issuers and Custodians with a timely, accurate, reliable and paperless method for:
- New Pool Processing
-  Investor Reporting
-  Certifications
-  Transmissions are sent to the Pool Processing Agent (PPA),   and Central Paying and Transfer Agent (CPTA) and  the Mortgage-Backed Securities Administration Agent
- Interface is batch via Connect Direct*
-  Maintenance and Upgrade

***Connect Direct is a software product from Sterling Commerce which facilitates file transfers**

## Master Agreement Module

- A PC based application that:
-  Maintains and tracks the following Master Agreement forms:
-  Master Servicing Agreement
-  Servicer’s P&I Custodial Account
-  Custodial Agreement
-  Servicer’s T&I Custodial Account
- Corporate Resolution
-  Creates confirmation letters and reports
-  Recertifications and Document Custodian Transfers    are updated from Ginnie*NET*
* *Interface is batch via Connect Direct*
- Maintenance and Upgrade

***Connect Direct is a software product from Sterling Commerce which facilitates file transfers**

## Multifamily Database Module

-  Consists of two methods of access:
-  A PC module which is updated by IPMS and shares common data with the Web application.  Interface is via Connect Direct* from the mainframe
-  Web application that allows brokers and the public to view and query Multifamily Mortgage Backed Securities pool information
-  Maintenance and Upgrade

***Connect Direct is a software product from Sterling Commerce which facilitates file transfers**

## IPMS – Pool Reporting Module

** ****Mainframe (batch and online) application that:**
** **Processes Remaining Principal Balances (RPB)
-  Allows for the manual data entry of RPBs
-  Edits RPBs
-  Calculates and disseminates Factors for Ginnie Mae I, Ginnie Mae II,    and Platinum Pools
-  Calculates and generates Ginnie Mae I  and Ginnie Mae II    Guaranty Fee ACH collections
-  Calculates Certification Due Dates
-  Tracks Issuer Reassignments and Mergers
-  Tracks Custodian changes
-  Calculates Ginnie Mae II P&I collection
-  Calculates ARM rate changes
-  Maintains MBS and Multiclass pool detail
-  Updates Multifamily database
** ****Maintenance and Upgrade**

## IPMS - Central Registry Module

-  **Mainframe (batch and online) application that****:**** **
-  Maintains all of Ginnie Mae MBS certificate/book entry    positions and security holders
-  Allows posting of the original issuance certificates/book entry    positions and the automatic validation of certificate transfers
-  Contains pool, investor and Issuer information
-  Makes P&I payments based on information in the central registry
-  Reconciled with the Fed nightly
-  Ginnie Mae’s guarantee is based on the central registry
-  **Maintenance and Upgrade**

## Unclaimed Funds System

- PC based system that:
-  Tracks all Ginnie Mae I unclaimed P&I funds   received from issuers
-  Tracks all Ginnie Mae II unclaimed funds from    investor checks
-  Updated to reflect release of funds to investors
- Maintenance and Upgrade

## Pool Transfer Module

- PC based system that:
-  Processes requests from issuers for transfer of   servicing rights from one Issuer to another
-  Used by Ginnie Mae staff and contractor
- Interface is batch via Connect Direct*
- Maintenance and Upgrade

***Connect Direct is a software product from Sterling Commerce which facilitates file transfers**

## Letter of Credit Module

- PC based application that:
-  Creates, by Issuer, a report of delinquent pool final   certifications and recertifications
-  Calculates tolerance levels based on Ginnie Mae policy
-  Reports are generated and mailed
-  LOC is posted, recorded and tracked
-  IPMS interface is batch via Connect Direct*
- Maintenance and Upgrade

***Connect Direct is a software product from Sterling Commerce which facilitates file transfers**

## REMIC Database Module

-  Web based application which allows investors to query   and view published Ginnie Mae REMIC information
-  Interface is via Connect Direct* to/from IPMS
-  Maintenance and Upgrade

***Connect Direct is a software product from Sterling Commerce which facilitates file transfers**

## Ginnie Mae Web Site

-  Provides an additional method of communication with    Ginnie Mae stakeholders
-  Used to launch Multi-family Database, REMIC and      Platinum Securities Search Pages
- Houses a rolling thirteen month  pool RPB, principal      and interest payment factor, OID and MDF data
-  Maintained by Ginnie Mae’s Mortgage-Backed Securities Administration Agent

## Ginnie Mae Enterprise Contact System

**(GMECS)**

-  Maintains all of Ginnie Mae’s contact information   enterprise-wide
-  Is the database of record for all contact data
-  Is accessible via the internet by all systems and   entities that require access to contact information
-  Maintained by Ginnie Mae’s Mortgage-Backed Securities Administration Agent

- Web based application that:

## Fedwire Interface

-  A Bank of New York Mellon proprietary system that is   used to create Fedwire securities transfer messages and   sends delivery instructions to the  Federal reserve Bank
-   (“Fed”) for free delivery of securities settlement.
-  A method of transmitting bulk data to the Fed
-  Transmission is via NDM* transmissions

***NDM (“Network Data Mover”) is a software product from Sterling Commerce **
**which facilitates mainframe file transfers**

## Automated Clearing House (ACH)

-  A nationwide funds transfer network which enables   participating institutions (Issuers and CPTA) to distribute   electronic credit and debit entries to bank accounts and   settle such entries
- IPMS interface is NDM*

***NDM (“Network Data Mover”) is a software product from Sterling Commerce **
**which facilitates mainframe file transfers**

## Function 1

**Process New Issuer Applications**

-  New applicants apply to   Ginnie Mae to obtain   authority to issue Ginnie Mae    Mortgage Backed Securities

## Function 1

**Process New Issuer Applications**

- New Issuer Module

- New Pool Processing Module

## Function 1

**Process New Issuer Applications**

**New Issuer Module**

-  Add, update, approve and archive an application

## Function 1

**Process New Issuer Applications**

**IPMS - New Pool Processing Module**

-  Add, update, and view
-  Issuer
-  Issuer status
-  Issuer contact information

## Function 1

**Process New Issuer Applications**

| Source | Applicant |
| --- | --- |
| Target | Office of Mortgage Backed Securities |
| Inputs | Application package, resumes, financial data, Data Entry sheet |
| Outputs | Approval Letter, Secretary Memo, GinnieNET Enrollment package |
| Frequency | Any time throughout the month |

## Function 2

**Request and Approve Commitment Authority**
**and Pool Numbers**

-  Approved Issuers must apply   for commitment authority
-  Ginnie Mae approves     commitment authority requests
-  Issuer must request pool   numbers in advance

## Function 2

**Request and Approve Commitment Authority**
**and Pool Numbers**

-  Request, process, adjust  delete, close out commitments
-  Adjust commitment fee
-  Request and release pool   numbers

**IPMS - New Pool Processing Module**

## Function 2

**Request and Approve Commitment Authority**
**and Pool Numbers**

| Source | Issuer |
| --- | --- |
| Target | Office of Program Operations and Office of Mortgage Backed Securities |
| Inputs | Letter of Transmittal for Commitment Authority and/or Pool Numbers, Commitment to Guarantee MBS, Fees and Cash Receipt Voucher |
| Outputs | Confirmation Letter for Commitment Approval, 
Confirmation Letter for Pool Numbers Assigned |
| Frequency | Monthly, Quarterly |

## Function 3

**IPMS – New Pool Processing**

-  Certification, review and   approval of loan and pool   documents
-  Issuance of securities

## Function 3

**New Pool Processing**

**Fedwire Securities Service**

**Fedwire Interface**

**Pool Reporting Module**

**Central Registry Module**

**New Pool Processing Module**

## Function 3

**New Pool Processing**
**Ginnie*****NET***

-  Add, change or delete new pools
-  Manually enter or import loan details
-  Apply Ginnie Mae edits before   transmitting to network
-  Must be authorized to submit pools to   the network
-  Fingerprint verification
-  Targeted Lending
-  Custodian Certification

## Function 3

**New Pool Processing**
**Master Agreement Module**

-  PC based module that maintains account information for the following Master Agreements:
-  Form HUD 11707
-  Form HUD 11709
-  Form HUD 11715
-  Form HUD 11720
-  Form HUD 11702

## Function 3

**New Pool Processing**
**IPMS – New Pool Processing Module**

-  Allows data entry of manual pools/Update   file of Ginnie*NET *electronic pools
-  Checks Master Agreements
-  Checks commitment authority, issuer status,   pool numbers
-  Creates investor position on Central Registry
-  Add new pool to Pool Reporting  Module
-  Release pools to Fed for delivery

## Function 3

**New Pool Processing**
**Fedwire Interface**

-  Batch transmission   (bulk data) to the Fed
-  New Pools
-  Creates Fed wires with   securities delivery   instructions

## Function 3

**New Pool Processing**
**Federal Reserve Bank**

-  Process new issue bulk data file
-  Update Securities Description Master   file with CUSIP information
-  Send broadcast to Fedwire   participants advising that new issues   have been added

## Function 3

**New Pool Processing**
**Multifamily Database Module**

-  Search for Multifamily pools by:
-  CUSIP Number
-  FHA Case Number
-  Pool Number
- Pool type
-  Issuer number
-  Provides Multifamily pool   information for Project  Loan Pools
-  Updated by IPMS

## Function 3

**IPMS – New Pool Processing**

| Source | Issuer, Document Custodian |
| --- | --- |
| Target | Pool Processing Agent |
| Inputs | Pool Information, Mortgage Details. Document Custodian Certification and Agreement |
| Outputs | Targeted Lending Loan Level Detail report, New Issue file and Delivery Instructions to the fed Wire System and updates Multifamily Database, Pool reporting and Central Registry |
| Frequency | Daily |

## Function 4

**Remaining Principal Balance (RPB) **
**Factor Reporting Processing**

-  Issuers report RPB for   each pool/loan   package

## Function 4

**Remaining Principal Balance (RPB) **
**Factor Reporting Processing**

**Ginnie*****NET***

**Pool Reporting Module**

**FTP or NDM**

## Function 4

**Remaining Principal Balance (RPB) **
**Factor Reporting Processing**
**Ginnie*****NET***

-  Investor Reporting Module
-  Initial RPB Reporting
-  All RPB corrections
-  Multifamily prepayment   penalties

## Function 4

**Remaining Principal Balance (RPB) **
**Factor Reporting Processing**
**IPMS – Pool Reporting Module**

-  Update current RPB from   transmissions and Ginnie*NET** *
-  Manually update RPB
-  Edit RPB
-  Calculate MBS and Platinum   Pool factors
-  Create Fed P&I Factor Files
-  Disseminate MBS and Platinum   Pool factors

## Function 4

| Source | Issuer |
| --- | --- |
| Target | Central Paying and Transfer Agent (CPTA) |
| Inputs | Monthly RPBs from Issuers |
| Outputs | RPBs and factors reported to FRBNY and Investors,
Issuer Statistical Reports for Ginnie Mae |
| Frequency | Monthly |

**Function 4**
**Remaining Principal Balance (RPB) **
**Factor Reporting Processing**

## Function 5

**Ginnie Mae I Depository Payment**
**Calculation, ACH and Pre-Collection Notice**

-  Under the Ginnie Mae I   MBS Program, Issuers   accounts are debited by ACH   for the P&I due to the   Depository

## Function 5

**Ginnie Mae I Depository Payment**
**Calculation, ACH and Pre-Collection Notice**

- Pool Reporting Module

- Fedwire Interface

- Central Registry Module

- FRB Automated Clearing House

- Fedwire Securities Service

## Function 5

**Ginnie Mae I Depository Payment**
**Calculation, ACH and Pre-Collection Notice**
**IPMS - Pool Reporting Module**

-  Calculates pool P&I
-  Creates pre-collection notices   based on the depository’s pro-rata   share
-  Creates Fed ACH debit file

## Function 5

**Ginnie Mae I Depository Payment**
**Calculation, ACH and Pre-Collection Notice**
**IPMS – Central Registry Module**

-  Maintains all outstanding MBS   securities
-  Nightly position reconciliation   with the Depository
-  Calculates Depository’s  pro-rata   share of the pool
-  Reconciles payment with the   Depository

## Function 5

**Ginnie Mae I Depository Payment**
**Calculation, ACH and Pre-Collection Notice**
**FRB Automated Clearing House (ACH****)**

-  ACH file transmitted to   the Federal Reserve Bank   via bulk data transmission   for processing

## Function 5

**Ginnie Mae I Depository Payment**
**Calculation, ACH and Pre-Collection Notice**
**Federal Reserve Bank**

** ****For Ginnie Mae I and Platinum** The contractor sends to FRB the P&I factor information for the Ginnie Mae I and Platinum securities with a payment date of the 15th of the month
-  **For Ginnie Mae II and Platinum** The contractor sends to FRB the P&I factor information for the Ginnie Mae II and Platinum securities with a payment date of the 20th of the month

## Function 5

**Ginnie Mae I Depository Payment**
**Calculation, ACH and Pre-Collection Notice**
**Federal Reserve Bank**

-  On the business day before payment,   contractor transmits via the Federal   Reserve System ACH a pre-notification   ACH settlement file for the Ginnie Mae I   payment date of the 15th of the month
-  FRB verifies the credit amount on the   ACH file to the payment amount appearing   on the debit P&I notification advice FRB   generated after processing the Ginnie Mae   I P&I factor file for the payment date of   the 15th of the month

## Function 5

**Ginnie Mae I Depository Payment**
**Calculation, ACH and Pre-Collection Notice**
**Federal Reserve Bank**

-  FRB processes the P&I factor file and faxes   an error report of factor and par balance        holdings discrepancies to the contractor for   their input in resolving discrepancies.
-  Contractor investigates the errors and faxes   their response by noon that day.
-  FRB processes the changes and creates a   debit reconciliation file (debit P&I   notification) which is delivered to the   contractor via bulk data. During the same   process, the credit P&I notifications are   created and delivered to the holder of record   of the securities.

## Function 5

| Source | Issuer |
| --- | --- |
| Target | Central Paying and Transfer Agent (CPTA) |
| Inputs | Monthly RPBs from Issuers |
| Outputs | Pre-Collection notice to Issuer and ACH file to FRBNY, Factor error report, Debit P&I notification |
| Frequency | Monthly |

**Function 5**
**Ginnie Mae I Depository Payment**
**Calculation, ACH and Pre-Collection Notice**

## Function 6

**Ginnie Mae II ACH and Pre-Collection Notice**

-  Under the Ginnie Mae II   MBS Program, Issuers are   required to deposit into a   custodial account funds   sufficient to enable the   Central Paying and Transfer   Agent (CPTA) to make   payments to security holders

## Function 6

**Ginnie Mae II ACH and Pre-Collection Notice**

- Pool Reporting Module

- Automated Clearing House

## Function 6

**Ginnie Mae II ACH and Pre-Collection Notice**
**IPMS – Pool Reporting Module**

-  Calculates the pool P&I
-  Creates pre-collection notices
-  Creates and transmits ACH file

## Function 6

**Ginnie Mae II ACH and Pre-Collection Notice**
**Automated Clearing House (ACH)**

-  Debit Issuers’ account   and credit P&I account   at the CPTA

## Function 6

**Ginnie Mae II ACH and Pre-Collection Notice**

| Source | Issuer |
| --- | --- |
| Target | Central Paying and Transfer Agent (CPTA) |
| Inputs | Monthly RPBs from Issuers |
| Outputs | Pre-Collection notice and debit Issuers account via ACH |
| Frequency | Monthly |

## Function 7

**Collection of Ginnie Mae I and II Guaranty Fee**

-  Issuers are required:
-  to pay a monthly    guaranty fee to Ginnie     Mae for each pool
-  maintain accounts for    guaranty fee payments

## Function 7

**Collection of Ginnie Mae I and II Guaranty Fee**

- Pool Reporting Module

- Automated Clearing House

## Function 7

**Collection of Ginnie Mae I and II Guaranty Fee**
**IPMS – Pool Reporting Module**

-  Calculates the guaranty fee   for both Ginnie Mae I and   Ginnie Mae II pools
-  Creates ACH file

## Function 7

**Collection of Ginnie Mae I and II Guaranty Fee**
**Automated Clearing House (ACH)**

-  Debits issuers’ accounts for the   amount of Guaranty Fee for both   Ginnie Mae I and Ginnie Mae II   pools

## Function 7

| Source | Issuer |
| --- | --- |
| Target | Central Paying and Transfer Agent (CPTA) and Ginnie Mae |
| Inputs | Monthly RPBs from Issuers |
| Outputs | Funding of ACH for Guaranty Fee payment |
| Frequency | Monthly |

**Function 7**
**Ginnie Mae II ACH and Pre-Collection Notice**

## Function 8

**Central Registry and Payment Functions**

-  Repository of all Ginnie Mae pool,   security and investor data
-  Under Ginnie Mae II Program, Issuers   make P&I funds available to the CPTA   for payment to security holders by the   20th calendar day
-  Annual tax reporting for Ginnie Mae II
-  Ginnie Mae I emergency payments

## Function 8

**Central Registry and Payment Functions**

- Automated Clearing House

- Pool Reporting Module

- Central Registry Module

- Unclaimed Funds System

## Function 8

**Central Registry and Payment Functions**
**IPMS - Central Registry**

-  Calculates investor’s pro-rata   share of the pool P&I
-  Creates checks and vouchers

## Function 8

**Central Registry and Payment Functions**
**Unclaimed Funds System**

-  Tracks payment information   of un-cashed checks for   both Ginnie Mae I and   Ginnie Mae II investors

## Function 8

| Source | Pool Reporting and Central Registry |
| --- | --- |
| Target | Security Holder |
| Inputs | Pool factor, Security holder information, Returned P&I checks |
| Outputs | Payment calculation for each security holder in the pool plus payment to security holder |
| Frequency | Payment on the 15th and 20th calendar day |

**Function 8**
**Central Registry and Payment Functions**

## Function 9

**Collection and Dissemination of Financial Data**

-  RPB Factor dissemination
-  Monthly accounting reports   (11710D) are submitted through   Ginnie*NET** *
-  Quarterly Issuer Certifications are   submitted through Ginnie*NET** *
- Weighted average and geographic   data is disseminated

## Function 9

- Pool Reporting Module

- MBSIS

- SECTOR Inc

- All other recipients

- Ginnie*NET*

**Function 9**
**Collection and Dissemination of Financial Data**

## Function 9

**Collection and Dissemination of Financial Data**
**Ginnie*****NET***

-  Form HUD 11710D and   Quarterly Certifications
-  Form HUD 11714 and 11714SN
-  RPB Collection

## Function 9

**Collection and Dissemination of Financial Data**
**IPMS – Pool Reporting Module**

-  Maintain current and prior RPBs and factors
-  Calculates weighted average and geographic data for new pools

## Function 9

| Source | GinnieNET, MBSIS , Pool Reporting  |
| --- | --- |
| Target | FRBNY, Broker/Dealer, Service Bureau, Wall Street |
| Inputs | RPB, Factor calculation, data disclosure files, quarterly certifications, form HUD 11710D, form HUD 11714 and 11714SN |
| Outputs | Factor data, data disclosure files, quarterly certifications, form HUD 11710D, form HUD 11714 and 11714SN, Fed P&I Factor Files |
| Frequency | Bi-Monthly, monthly, quarterly |

**Function 9**
**Collection and Dissemination of Financial Data**

## Function 10

**Transfer of Servicing**

-  Issuers must submit request     to Ginnie Mae for transfer of   servicing
-  Ginnie Mae approves request     and processes transfers

## Function 10

**Transfer of Servicing**

## Function 10

**Transfer of Servicing**
**Pool Transfer Module**

-  Input of Issuer request
-  Calculate transfer fee
-  Ginnie Mae approves request
-  Creates approval letter

## Function 10

**Transfer of Servicing**
**New Pool Processing Module**

-  Check transfer eligibility    status of pools and Issuer
-  On the transfer effective   date, pools purchased are   reassigned to the purchasing   Issuer’s portfolio

## Function 10

**Transfer of Servicing**
**IPMS – Pool Reporting Module**

-  Reassign pools
-  Calculates recertification   due dates

## Function 10

| Source | Issuer |
| --- | --- |
| Target | Central Paying and Transfer Agent, Ginnie Mae |
| Inputs | Letter of request, diskette, fee |
| Outputs | Letter of Approval, Secretary Memo, List of Pools Transferred |
| Frequency | Anytime |

**Function 10**
**Transfer of Servicing**

## Function 11

**Final Certification and Recertification**
**Letter of Credit**

-  Ginnie Mae requires   all pools to be certified   within 12 months of   pool issuance or   servicing change
-  Issuer must post Letter   of Credit if Issuer fails   Ginnie Mae’s   pool/loan threshold

## Function 11

**Final Certification and Recertification**
**Letter of Credit**

- Letter of Credit
- Module

- Ginnie*NET*

## Function 11

**Final Certification and Recertification**
**Letter of Credit**
**Ginnie*****NET***

-  Process and submits Final  Certifications and   Recertifications to IPMS   electronically

## Function 11

**Final Certification and Recertification**
**Letter of Credit**
**IPMS – Pool Reporting Module **

-  Updates pool certification  or recertification   information
-  Tracks certification   delinquency status

## Function 11

**Final Certification and Recertification**
**Letter of Credit**
**Letter of Credit Module **

-  Monitors delinquent  pools and loans
-   Generates delinquency letters
-  Calculates LOC requirements

## Function 11

| Source | Issuer, Document Custodian |
| --- | --- |
| Target | Pool Processing Agent, Central Paying and Transfer Agent |
| Inputs | Schedule of Pooled Mortgages, Pool Reporting Module |
| Outputs | Letter of Credit, Certification Confirmation Letters, Monthly Letter of Credit Delinquency Reports |
| Frequency | Monthly |

**Function 11**
**Final Certification and Recertification**
**Letter of Credit**

## Function 12

**Certificate Transfers**

-  Security holder re-registration  of Ginnie Mae certificate due  to trade of security or loss or   damaged certificate
-   Deposits or withdrawal to/from  the Depository

## Function 12

**Certificate Transfers**

## Function 12

**Certificate Transfers**
**IPMS - Central Registry Module**

-  A repository of all  Ginnie Mae security holders
-  Contains all open and  cancelled securities

## Function 12

| Source | Investors |
| --- | --- |
| Target | Central Paying and Transfer Agent |
| Inputs | Security Holder Requests, Lost Instrument Bond, Affidavit of Loss, Fee |
| Outputs | Stop Transfer Order, Schedule of Subscribers and Ginnie Mae II Contractual Agreement, New Certificate |
| Frequency | Daily |

**Function 12**
**Certificate Transfers**

## Function 13

**Platinum Processing**

-  Issue New Platinum
-  Reconcile MBS collateral
-  Add, change, delete MBS pools
-  Calculate Platinum Factors
-   Update Platinum Search Page on    the Web

## Function 13

**Platinum Processing**

- Pool Reporting Module

- Central Registry Module

## Function 13

**Platinum Processing**
**IPMS – Pool Reporting Module**

-  Contains all Platinum Pools  and the underlying MBS pools
-  Interfaces with the Platinum  Search Page on the Web

## Function 13

**Platinum Processing**
**Federal Reserve Bank**

-  Maintains 20 Limited Purpose Accounts (“LPA”) to support Platinum issuance
-  Fax collateral balances in the LPA to the   contractor so that Trust Receipts can be   created prior to Platinum issuance
-  Credits the paying agent account for the   MBS pools and debit that account to pay   the Platinum security holders

## Function 13

| Source | Depositor |
| --- | --- |
| Target | Platinum Trustee, Platinum Administrator |
| Inputs | Deposit Agreement, MBS Collateral, MBS Factors |
| Outputs | Trust Receipt, PO Bond, Delivery Instructions to the Fed, Updates Central Registry |
| Frequency | Daily after “A” factor tape |

**Function 13**
**Platinum Processing**

## Function 14

**REMIC Information Agent**

-  Receive REMIC files from participants
-  Update REMIC Database
- Update REMIC Search Page on the Web
-  Reconcile REMIC collateral at the   Depository

## Function 14

**REMIC Information Agent**

- Pool Reporting Module

- * Via Connect Direct from mainframe, Web access

***Connect Direct is a software product from Sterling Commerce which facilitates file transfers**

## Function 14

**REMIC Information Agent**
**IPMS – Pool Reporting Module**

-  Contains data on all REMIC    issuances
-  Interfaces with the REMIC   Search Page on the Web

## Function 14

**REMIC Information Agent**
**Federal Reserve Bank **

-  Each trustee sends new issue and  P&I factor information to the Fed
-  Each trustee is responsible to fund  its paying agent account by 9 am ET  on payment date
-  Each trustee holds underlying  securities in a limited purpose account  (LPA)

## Function 14

| Source | Trustees, Financial Printers, Accountants, Operational Financial Advisor |
| --- | --- |
| Target | REMIC Information Agent |
| Inputs | Factor Files, Floating Rate Reset Files, Supplemental Statements, relay Files, Offering Circular Supplement, Announcements, Financial Data Statements |
| Outputs | REMIC Database and Web page |
| Frequency | Monthly |

**Function 14**
**REMIC Information Agent**