SINGLE SECURITY EXCHANGE DIRECT TO
FREDDIE MAC
VIA TRADEWEB

LEARN MORE

 

 

A SIMPLE WAY TO EXCHANGE FREDDIE'S FOR UMBS

As part of the approaching market transition to a single mortgage backed security in 2019, Freddie Mac is opening an optional exchange program for investors to convert their 45-day PCs for 55‐day uniform securities ultimately backed by the same single‐family mortgage loans.

As the market leader in TBA-MBS trading, Tradeweb worked with Freddie Mac to provide investors interested in exchanging an easy and seamless way to do so on Tradeweb.

 
 

DIRECT TO FREDDIE VIA TRADEWEB

  • Face Freddie Mac directly as your counterparty
  • Freddie Mac will deliver and settle Free of Payment (FOP)
  • Tradeweb facility will be open for 3-5 years. No cost to exchange on Tradeweb for the first 3 years.
 

KEY DATES

UMBS FORWARD TRADING

BEGINS: Q1 2019

EXCHANGE TESTING AVAILABLE: MARCH 2019

EXCHANGE OPENS: MAY 2019

UMBS LIVE: June 3, 2019

 
 

FAQs

 
 

Q. When is the Exchange go-live date?

A: The Tradeweb Exchange path will be live in May 2019. Testing will be available in March 2019.

Q. Who will be my Counterparty?

A. Freddie Mac.

 

Q. Is there a deadline to exchange?

A. No. The exchange opens in May 2019 and there is no deadline to exchange. It is an open offer from Freddie Mac and so open for the foreseeable future.

Q : Is there a cost to exchange on Tradeweb?

A : No. There is no cost to the investor to exchange on Tradeweb.

 
 

TRADEWEB QUESTIONS

To discuss your specific needs please contact us at UMBS@tradeweb.com

 
 

RESOURCES

 
 

Freddie Mac Resources

Freddie Mac Exchange Information Site >>

Freddie Mac & Tradeweb Exchange
Webinar Presentation >>
Webinar Recording >>

Exchange FAQs >>

 

Tradeweb Resources

UMBS Trading / Tradeweb Screens >>


 
     
 

NEWS & ANNOUNCEMENTS

 
 

Freddie Mac Partners with Tradeweb to Develop Exchange Path Related to Single Security Initiative

MCLEAN, Va. (29 August 2018)

Freddie Mac (OTCQB: FMCC) announced today an arrangement with Tradeweb Markets, a global leader in electronic financial marketplaces, to develop a direct-to-Freddie Mac exchange path for institutional investors related to the Single Security Initiative.

Read News Release ››
   
     
 

 

 

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