For those of you living the dream of MSFTA papering (not re-papering, but papering) and collateralization of TBA trades…we draw your attention to the following article from Chris Kentouris at FinOps Report
In short, the article discusses current events surrounding a January 2014 Regulatory Notice from FINRA seeking comments on the agency’s new margin proposal for TBA trades on MBS. That notice is available here. And, the comment period on the notice closes on February 26th.
Good day. Good clicking, even better commenting. TSR