Tag: TBAs

FINRA Publishes Proposed Rule Change to Delay Implementation of TBA Margining Until June 25, 2018

On September 19, 2017, the Financial Industry Regulatory Authority (“FINRA”) published a proposed rule change (available here) to delay implementation of certain margin requirements in respect of what are referred to as “Covered Agency Transactions,” including To Be Announced (“TBA”) transactions and other specified delayed delivery transactions involving mortgage-backed securities. The delay will move the … Continue Reading
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