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Are there agents that the New York Fed has selected to be collateral monitors for TALF?

April 26, 2017agents collateral fed monitors new york Selected talf

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Are there agents that the New York Fed has selected to be collateral monitors for TALF?

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Trepp, LLC (“Trepp”) and Pacific Investment Management Company LLC (“PIMCO”) have been selected to serve as collateral monitors for the New York Fed. Each collateral monitor will assist the New York Fed by providing valuation, modeling, analytics and reporting, as well as advising on these matters. Trepp will focus solely on CMBS. PIMCO will perform a broader role which encompasses the entire TALF portfolio, including both mortgage-backed and non-mortgage-backed ABS. The collateral monitors will not establish policies or make decisions for the New York Fed, including decisions whether to reject a CMBS as collateral for a TALF loan or exclude loans from mortgage pools.