Agent Report Card
July 2011
AGENT REPORT CARD
This report highlights the performance of the top agents responsible for the processing
of CMO/ABS securities in two specific areas of concern:
1) The unavailability of timely rate information.
2) Inaccurate rate information that requires amendment and therefore post payable
date adjustments to DTC’s participants.
The impact of each agent on last month’s performance is reflected in bar charts showing
“late/amended” information.
In addition, the top three agents with the best record in each category have been
highlighted in Green.
Agent Report Card
Rankings based on a percentage of an agent's total rates
(Best three in each category highlighted in green)
Rates Open at COB
P/D - 1
Late Rates after 3:00
pm Cut-off on P/D
Amended
Announcements
Amended
Announcements 30
Days + after P/D
Bank of America
6
1
5
5
Bank of New
York Mellon
5
5
2
1
Citibank
3
1
6
6
Deutsche Bank
1
1
4
3
US Bank
2
1
1
2
Wells Fargo
4
6
3
4
Conforming Late Rates CMO/ABS Payable on the 15th and 25th
Rates open at COB on P/D –1
As a percentage of an agent’s total rates
Industry σ: 3.86
3.67
3.86
4.09
1.70%
1.49%
0.90%
0.48%
0.16%
0.01%
Bank of
America
Wells Fargo
Citibank
US Bank
Deutsche
4.44
3.62
Bank of New
York Mellon
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
5.13
Sigma Level
3.62
3.67
3.86
4.09
4.44
5.13
Number of Late Rate
479
109
373
21
23
2
As a Percentage of Total
Late Rates From All Agents
47.57%
10.82%
37.04%
2.09%
2.28%
0.20%
Deviation From the
Industry Sigma
-0.24
-0.18
0.01
0.23
0.58
1.27
All Late Rates CMO/ABS Payable on the 15th and the 25th
After 3:00 p.m. EST on payable date and subsequent days
As a percentage of an agent’s total Rates
1.00%
Industry σ: 4.80
0.75%
0.50%
4.67
6.00
6.00
0.00%
0.00%
0.00%
0.00%
Citibank
Bank of
America
0.07%
Bank of
New York
Mellon
Wells Fargo
0.00%
6.00
US Bank
0.08%
6.00
Deutsche
4.68
0.25%
Sigma Level
4.67
4.68
6.00
6.00
6.00
6.00
Number of Late Rate
31
21
0
0
0
0
As a Percentage of Total Late
Rates From All Agents
59.62%
40.38%
0.00%
0.00%
0.00%
0.00%
Deviation From the
Industry Sigma
-0.13
-0.13
1.20
1.20
1.20
1.20
All Amended Rates CMO/ABS
As a percentage of an agent’s total rates
2.41
18.11%
Industry σ: 3.77
DTCC σ: 4.73
3.58
0.61%
0.43%
0.21%
0.21%
Bank of New
York Mellon
US Bank
Bank of
America
4.36
Wells Fargo
1.88%
4.13
Deutsche
4.00
Citibank
20.00%
18.00%
16.00%
14.00%
12.00%
10.00%
8.00%
6.00%
4.00%
2.00%
0.00%
4.37
Sigma Level
2.41
3.58
4.00
4.13
4.36
4.37
Number of Amended Rates
784
138
87
176
59
29
As a Percentage of Total
Amended Rates From All Agents
61.59%
10.84%
6.83%
13.83%
4.63%
2.28%
Deviation From
the Industry Sigma
-1.36
-0.19
0.23
0.36
0.60
0.60
All Amended Rates CMO/ABS
30 days+ after payable date
As a percentage of an agent’s total amended rates
120.00%
100.00%
99.23%
98.55%
82.95%
82.76%
80.00%
79.31%
64.41%
60.00%
40.00%
20.00%
Bank of New
York Mellon
US Bank
Deutsche
Wells Fargo
Bank of
America
Citibank
0.00%
Number of Amended
Rates 30 Days +
778
136
146
72
23
38
As a Percentage of Total
Amended Rates From All Agents
65.21%
11.40%
12.24%
6.04%
1.93%
3.19%
Monthly Sigma Versus Targets
Conforming Structured Securities
Payable 15/25
Open rates at COB on P/D-1
6.00
5.50
5.13
5.00
4.50
4.44
4.09
4.00
3.67
3.50
3.86
3.62
3.00
July Sigma
July Industry Average 3.86
July Sigma Target 3.78
Dec Sigma Target 3.8
Wells Fargo
US Bank
Deutsche
Citibank
Bank of New York
Mellon
Bank of America
2.50
Monthly Sigma Versus Targets
All Structured Securities
Payable 15/25
Rates Received after 3:00pm on P/D
6.00
6.00
6.00
6.00
6.00
5.50
5.00
4.68
4.50
4.67
4.00
3.50
Wells Fargo
July Sigma
July Industry Average 4.80
July Sigma Target 4.79
Dec Sigma Target 4.79999999999955
US Bank
Deutsche
Citibank
Bank of New York
Mellon
Bank of America
3.00
Monthly Sigma Versus Targets
All Structured Securities
Amended Rates
As a percentage of Total Rates
6.00
5.50
5.00
4.50
4.37
4.36
4.00
4.13
4.00
3.58
3.50
3.00
Wells Fargo
US Bank
Deutsche
Citibank
Bank of New York
Mellon
Bank of America
July Sigma
July Industry Average 3.77
July Sigma Target 4.19
Dec Sigma Target 4.20066981625568