SINGLE SECURITY TRANSITION UMBS TRADING |
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TRADEWEB TIMELINE - KEY DATES: UMBS FORWARD TRADING:
SETTLEMENT – June 2019
Testing is currently available Questions: TWMBS@tradeweb.com
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30 DAYS PRIOR TO FIRST SETTLEMENT DATE FNMA and PCGLD disappear, just UMBS will show on Tradeweb. |
The Single Security Initiative is a joint initiative of Fannie Mae and Freddie Mac (the Enterprises), under the direction of FHFA, to develop a common mortgage-backed security. The objective is to combine the separate TBA markets of the Enterprises – currently $2.4 Trillion for Fannie Mae and $1.1 Trillion for Freddie Mac – into one larger, more liquid market. The Single Security Initiative will go live on June 3, 2019. |
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FAQs |
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Q. Will Freddie Mac 45-day TBA contracts continue to be available? A. Yes, until activity indicates they are no longer needed. |
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