Tag Archives: tri party control agreements

The Coming Documentation and Collateralization of TBAs and Delayed Delivery MBS Trades? Behold the MSFTA

In mid-November, the Treasury Market Practices Group (“TMPG”) of the New York Fed recommended that forward-settling agency mortgage-backed securities (MBS) be margined in order to prudently manage counterparty risks.  The TMPG has encouraged market participants to COMPLETE the implementation process by EARLY JUNE 2013. The TMPG collateralization recommendation was issued as part of broader set of best … Continue Reading
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