The Mortgage-Backed Securities Clearing Corporation (MBSCC), the sole provider of automated post-trade comparison, netting, risk management and pool notification services to the MBS market, has issued a risk management white paper with proposals that could have a significant impact on the future process of MBS trading.

Among several important changes made to its risk management practices, the current white paper, now circulating among the company's constituents for comments, contains a proposal that would totally re-engineer the process of netting for MBS trades.

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