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Tools
Benchmark Automated Syndication System (BASS)
Fannie Mae uses the Benchmark Automated Syndication System ® (BASS) to capture and disseminate market transaction information on each Benchmark Securities issuance to the market in a more efficient and effective manner.
The BASS system collects each syndicate dealer's book via a system-to-system feed or a password-protected site, aggregating the information as it is received. This provides us with a much quicker assessment of each transaction's progress and the ability to more accurately size each transaction to promote strong secondary market performance. The system also distributes investor type and geographic location distribution for each transaction.
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Last Revised: June 16, 2009
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