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Technical Notice

REMINDER: Modifications to TRACE Dissemination Protocols for Specified Pool Transactions (MBS) – Effective Monday, July 26, 2021

July 19, 2021

As announced in Regulatory Notice 21-02, FINRA is modifying the convention for rounding the original loan-to-value ratio used in the dissemination of transactions in agency pass-through mortgage-backed securities and Small Business Administration (SBA)-backed asset-backed securities traded in specified pool transactions. This change will become effective on Monday, July 26, 2021. On this day, the TRACE RDID Master File will be updated with the security changes.

Please note, while there are NO required technical changes or amendments to any of the FINRA technical specifications for the Securitized Products Data Feed (SPDS), or the Reference Data API,  this implementation will impact the assignment of the Reference Data Identifier (RDID) for each MBS Security.  

For any questions regarding this notice, please contact: