TBA Guidelines Advisory Council Approves Revisions to Good Delivery Guidelines

New York, NY, March 7, 2019 – SIFMA released the following statement today on a decision the TBA Guidelines Advisory Council issued on changes to the good delivery guidelines:

“The TBA Guidelines Advisory Council met this week to discuss single security and voted on changes to the good delivery guidelines to enable trading of UMBS under these guidelines. The TBA Committee approved by a significant majority the revisions to the good delivery guidelines effective for trades with (1) trade date on or after March 12, 2019, and (2) settlement date on or after June 3, 2019. UMBS issuance by Fannie Mae and Freddie Mac is expected to begin on June 3. As we move towards a single security, SIFMA supports efforts to ensure maximum liquidity in UMBS trading.”

The minutes of the meeting and decision summary are available here: www.sifma.org/tba

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SIFMA is the leading trade association for broker-dealers, investment banks and asset managers operating in the U.S. and global capital markets. On behalf of our industry’s nearly 1 million employees, we advocate for legislation, regulation and business policy, affecting retail and institutional investors, equity and fixed income markets and related products and services. We serve as an industry coordinating body to promote fair and orderly markets, informed regulatory compliance, and efficient market operations and resiliency. We also provide a forum for industry policy and professional development. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.