Subject: FW: MBS Factor Adjustment [I]
From: Stewart Oldfield <E >
Date: Tue, 21 Jun 2016 16:19:15 -0400
To: Cynthia Rodriguez dc >
Classification: For internal use only
He's so on it.
From: Andrew King
Sent: Tuesday, June 21, 2016 4:18 PM
To: Stewart Oldfield; Brianna Fowler
Subject: MBS Factor Adjustment [I]
Classification: For internal use only
Team,
Following up on our conversation about the WAMU MBS security in the Southern
Financial brokerage account, I've listed a screenshot from the most recent
statement.
The statement lists a "Factor" of .4865 which represents the amount
remaining of the loan portfolio that has not been paid down (as a % of
original). The current value = original face amount * the adjustment factor
* (the current price/100).
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Best regards,
Andrew King
EFTA01414373
fcid:image001.gif@OlD1AA1B.81C7AA001
Andrew King, CFA
Vice President I Investment Solutions Group
Deutsche Bank Securities Inc.
Deutsche Asset & Wealth Management
345 Park Avenue, New York, NY 10154
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EFTA01414374