Book-Entry Form

Book-Entry Form

A UMBS®, MBS or ARM PC that is issued in Book-Entry Form is: Issued by means of an entry on the books and records of a Federal Reserve Bank. The entry includes the name of the security investor, the original principal balance owned by the security investor, the CUSIP Number, the Coupon, the Pool Number and the security description code. The security description code is a four-character code used by the Federal Reserve Bank book-entry system to describe the issuer and the type of security. Evidenced only by that entry and not by a certificated security