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Structured Securities can be accessed in AVS+ at https://avsplus.naic.org/avsplus/pages/public/home.jsf

This website is your source for information on the Structured Securities project, including background information, updated project details as they become available, and how to file these securities in your Annual Statement filing.

Please note the information on this website may be updated frequently. Please check back regularly to ensure you have the latest information. This website was last updated 12/20/13.

Structured Securities Tutorial

NEW in 2014!

Special Comment:
Overview of U.S. Insurance Industry Holdings of Modeled Non-Agency Mortgage-Backed Securities, YE2013

NEW in 2013!

The NAIC has upgraded the Structured Securities system that was incorporated into AVS+ on Sept. 6. The new system has the same functionality that was available previously, a new look and feel and additional features. Some of this functionality will not be immediately available in AVS+ as the feature is only accessible at a specific date during the Structured Securities process.

New Features:

  • Search residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS) and
    NAIC designations all from one site.
  • Add a security to any portfolio that you are associated to from a single screen.
  • Request a security for modeling consideration by simply adding it to your portfolio.
  • View a summary of all the securities in your portfolio.
  • Find securities in your portfolio by using a filter by CUSIP, Type, Status and Invoice number.
  • View a history of all changes to your portfolio showing the action taken, the date it occurred and the individual
    who made the change.
  • Download multiple company portfolios in one zip file.
  • View the details for all your invoices.
Timeline for 2013 project:
       

September 30, 2013 – Last day to order and purchase additional modeled results for a 2012 portfolio.

September 30, 2013 – Last day to submit changes to the contact information for your company's 2013 initial invoice. Please review the 2012 invoice contacts file to determine if the contact information needs to change for 2013. If so, please email the AVS Administrator at avsisis@naic.org by Sept. 30 with the person's name, company, phone number and email address. Please Note: If we do not receive any notification from your company prior to this date, the initial invoice will be sent to the same individual invoiced in 2012. If your company is part of a group, the invoice will be sent to the financial statement filing contact for the company in the group holding the largest assets of RMBS/CMBS securities.

November 1, 2013 – Initial invoice notifications will be emailed to the designated contact. The amount of the invoice is based on the reported RMBS/CMBS holdings of the 2012 annual statement filing, adjusted for changes reported in first quarter and second quarter filings.

November 1, 2013 – Start submitting additional securities to your portfolio to purchase or to be considered for modeling in the December file.

November 15, 2013 – 5 p.m. CT deadline for submitting securities to be considered for modeling to be included in the December file.

December 19, 2013 Modeled data was posted to AVS+.

January 2, 2014 – 7:00 a.m. CT deadline for submitting securities to be considered for modeling to be included in the addendum file.

Mid-January 2014– Addendum modeled data was posted.

 

The 2013 Structured Securities modeled data prices for CUSIPs held by insurers will remain the same as 2012 with $88 per CMBS CUSIP and $61.60 per RMBS CUSIP.

NAIC Contacts for RMBS/CMBS Initiative Questions
The NAIC looks forward to working with insurers to provide the appropriate structured securities information to facilitate the December 31, 2013, Annual Statement filing process. If you have questions related to statutory accounting and/or the impact of the structured security modeling and assessment process on RBC, please contact the QA Help Line at (816) 783-8400 and select the RMBS option. Other questions may be directed to the NAIC’s Help Line at (816) 783-8300, option #5.