To Be Announced - TBA

To Be Announced - TBA
A term used to describe a forward mortgage-backed securities trade. Pass-through securities issued by Freddie Mac, Fannie Mae and Ginnie Mae trade in the TBA market. The term TBA is derived from the fact that the actual mortgage-backed security that will be delivered to fulfill a TBA trade is not designated at the time the trade is made. The securities are "to be announced" 48 hours prior to the established trade settlement date.

The settlement procedures of mortgage-backed securities TBA trades are established by the Bond Market Association. Each type of agency pass-through security is given a specific trade settlement date for each month. Trade counterparties are required to exchange pool information by 3:00 pm (EST) 48 hours prior to the established settlement date. Trades are allocated in $1 million lots.


Investment dictionary. . 2012.

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Look at other dictionaries:

  • TBA — or tba or t.b.a. abbrev. to be announced * * * TBA abbr. to be announced. * * * …   Universalium

  • TBA — Acronym for to be announced. Most new MBS pass through bonds can be purchased on a TBA basis. American Banker Glossary See: to be announced TBA ( to be announced) A contract for the purchase or sale of a MBS to be delivered at an agreed upon… …   Financial and business terms

  • TBA — abbreviation 1. table of basic allowances 2. tires, batteries, and accessories 3. to be announced * * * abbrev To be advised (or announced) * * * TBA abbreviation to be announced: used for saying that you will be told something at a later time… …   Useful english dictionary

  • TBA — ist eine Abkürzung für: to be announced (engl.), wird noch/später bekanntgegeben , ähnlich wie Nomen nominandum, aber allgemeiner verwendbarer Platzhalter. Tierkörperbeseitigungsanlage Truppenbauartefakt (bei travian) Trockenbeerenauslese, Wein… …   Deutsch Wikipedia

  • TBA (Magazin) — TBA Beschreibung Monatsmagazin Fachgebiet Musik, Film, Computerspiele Sprache deutsch Verlag Monopol …   Deutsch Wikipedia

  • tba — is sometimes written in announcements about events to indicate that a date, time, or event has not yet been arranged and will be announced at a later date. tba is an abbreviation for to be arranged or to be announced …   English dictionary

  • TBA — (to be announced) yet to be announced …   English contemporary dictionary

  • TBA — or tba or t.b.a. abbrev. to be announced …   English World dictionary

  • TBA — TBA, often meaning to be announced or to be advised , may also refer to:* The Big Apple, a nickname for New York City * The Black Album , a number of recordings by various artists * Time Based Art Festival, an annual art and performance festival… …   Wikipedia

  • TBA — TBA  аббревиатура, которая чаще всего расшифровывается в английском как to be announced или to be arranged и означает соответственно «будет объявлено позднее» или «будет сообщено». Другие похожие сокращения: TBC (to be confirmed  «будет …   Википедия

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