Fannie Touts Enhanced Debt Security Tech

Fannie Mae has announced a new Internet-based technology that it says will enhance the company's short-term debt securities issuance and provide additional and more-timely information by replacing telephone interfaces with real-time pricing.Debt Transaction Application is an electronic trading platform that will be used to manage the daily issuance of Fannie Mae's U.S. dollar-denominated, non-interest-bearing short-term notes. DTA is designed to improve ease of use by dealers, provide more pricing and issuance information, and enable Fannie and its dealers to execute transactions faster and more efficiently, Fannie Mae said. "This Web-based technology will streamline investors' morning routine by significantly compressing the time between entering an order with their dealer and knowing the order has been confirmed for the specific amount, maturity, and price," said Linda Knight, Fannie Mae senior vice president and treasurer. DTA was created through a partnership with SunGard Financial Networks. Fannie Mae can be found online at http://www.fanniemae.com.