MBSD liquidity risk hits four-year high
Estimated largest payment obligation tops $40bn in Q3
The mortgage-backed securities division (MBSD) of the Depository Trust & Clearing Corporation (DTCC) recorded its highest hypothetical payment obligation since 2021 in the third quarter of last year.
The amount the MBSD would have been required to meet in a worst-case member default scenario reached $39.7 billion, up 57.8% on the previous quarter and the sixth-largest figure on record.
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