Technical Notice

Reminder: MBS Specified Pool and SBA-Backed ABS Dissemination Begins July 22, 2013

July 18, 2013

On Monday, July 22, 2013, FINRA will begin disseminating transactions in agency pass-through mortgage-backed securities that are traded as mortgage-backed securities (MBS) specified pool transactions and SBA-backed asset-backed securities (ABS) that are traded either as specified pool transactions or TBA.

In addition, two other trade reporting changes will go into effect on July 22, 2013:

  • trades in MBS must be reported within 120 minutes of execution time for these trades to be marked on-time; and
  • transactions in ABS (except ABS traded To be Announced (TBA) must include factor as per Regulatory Notice 13-15.

The following specifications are available as a reference:

Please direct questions and comments regarding this notice to FINRA Product Management or call (866) 899-2107.