Securitized Products

Follow the links below to view the documents in SIFMA’s Securitized Products Standard Forms and Documentation Library.

The industry standard of trading, clearance and settlement guidelines in the MBS markets. A full chapter is devoted to Standard Formulas, with information on settlement-based calculations, prepayment models, default analysis, yield and yield-related measures, accrual instrument calculations, day-count standards, as well as age and coupon assumptions for generic pools.

Model Asset-Level Disclosure Click-Through Agreement

This is the revised model language for agreements related to the dissemination of asset level data for RMBS. (Updated: April 30, 2015)

Master Securities Forward Transaction Agreement (MSTFA)

A basic contractual framework, with flexibility for expansion, for forward and other delayed-delivery transactions involving mortgage-backed and asset-backed securities.

Additional Forms and Documents

MBS Notification and Settlement Dates

Notification and settlement dates for mortgage-backed securities.

MBS Third Party Transactions

For use in forward transactions where a dealer may agree to accept performance obligations that have been delegated by its counter party to a third party with whom the dealer does not have an original contractual relationship.

Trade Assignment Agreement

An agreement, which may be utilized to assign an outright securities transaction, or the back-leg of a repo transaction. The creation of this form was precipitated by a number of outstanding unsettled transactions in the MBS and government securities markets; assigning a position in an unsettled transaction to another counterparty in the “chain” of unsettled transactions may be one way counterparties can shorten such chain or round robin.

Recommended Security-Level Remittance Reporting Categories for Mortgage-Backed and Asset-Backed Securities

Recommended minimum security-level remittance reporting categories, definitions and file layouts for mortgage-backed and asset-backed securities.


List of firm MPIDs used for FINRA TRACE reporting (Posted May 10, 2012)

MBS Buy-In Procedures (Revised)

Revised recommended procedures for mortgage-backed securities buy-ins.

Retail Structured Products: Principles for Managing the Provider-Distributor Relationship

A joint trade association release of principles that seek to address issues that financial services firms have in practice found helpful to consider when performing the function of either provider or distributor in connection with the process of delivering structured products to retail investors.

Round Robin Contact List

A contact list for buy-side and sell-side mortgage-backed securities operations professionals involved in the resolution of round robin situations. An operations manager, allocations contact, and clearance contact has been provided for each firm.

SIFMA Publishes 15Ga-2 and 17g-10 Sample Provisions for Underwriters, Initial Purchasers, and Placement Agents

These sample provisions related to SEC rules 15Ga-2 and 17g-10 (which becomes effective on June 15th) are the result of discussions by a SIFMA Securitization Group dealer working group on the NRSRO due diligence rules. They are intended to be used by dealers acting as underwriters, initial purchasers and placement agents in drafting provisions dealing with the Rules 15Ga-2 and 17g-10 for their engagement letters with ABS sponsors and depositors, and for the related underwriting, securities purchase and placement agency agreements. These are sample provisions, not forms, and as such should be reviewed by counsel to ensure that they are consistent with the existing agreement language and definitions, and that they reflect the dealer’s individual business determination as to how the identified issues should appropriately be handled. For more information, please contact Chris Killian of SIFMA at 212-313-1126.

Treasury and Agency Security Fails Charge Trading Practices
Find both documents under Fails Charge Trading Practices

Standardized CDO Data File Format

A standardized format for data files used to evaluate the performance of CDO transactions. Recommended for use by trustees on a regular basis as a tool to help improve the efficiency, transparency and usefulness of reporting on CDOs.

See Also

Government Sponsored Enterprises (GSE) Standard Forms and Documentation Library