On March 24, 2020, the New York Fed retained BlackRock Financial Markets Advisory as a third-party vendor to operationalize these purchases and transact with approved counterparties on behalf of the SOMA. BlackRock was selected on a short-term basis to serve as an investment manager after considering their expertise in trading and analyzing agency CMBS in the secondary market, and robust operational and technological capabilities.
- Frequently Asked Questions
- Program Terms and Conditions
- Approved Counterparties
- Investment Management Agreement for BlackRock Financial Markets Advisory
(Updated January 31, 2022)