custodian
| February 3rd, 2009 | J.P. Morgan Selected by the Federal Reserve as Custodian for its Mortgage-Backed Securities Purchase Program J.P. Morgan today announced that it has been selected by the Federal Reserve to serve as custodian for its program to purchase mortgage-backed securities (MBS). The program, which began on January 5, 2009, will purchase up to $500 billion in MBS that are backed by Fannie Mae, Freddie Mac and Ginnie Mae. The goal of the program, which was originally announced on November 25, 2008, is to provide support to mortgage and housing markets and to foster improved conditions in financial markets more generally. |
| October 25th, 2008 | Northern Trust Adds New Messaging Format Enabling Straight Through Processing for New OTC Derivative Trades Northern Trust has become one of the first asset servicers to adopt the Financial Product Mark-up Language (“FpML”) messaging format in processing over the counter (“OTC”) derivative trades. As part of Northern Trust’s move towards increasing automation and straight through processing (“STP”) in OTC derivative trade processing, this format can be used for Northern Trust's clients across the globe. |
