Distinguish between a TBA and specified pool trade
What will be an ideal response?
Pass-throughs are quoted in the same manner as U.S. Treasury coupon securities. They are identified by a pool prefix and pool number. Many trades occur while a pool is still unspecified, and therefore no pool information is known at the time of the trade. This kind of trade is known as a "TBA" (to be announced) trade. The seller has the right in this case to deliver pass-throughs backed by pools that satisfy the PSA requirements for good delivery.
You might also like to view...
The accounts in a chart of accounts are normally listed in alphabetical order
Indicate whether the statement is true or false
Explain why many marketers now use ROMI instead of more traditional marketing evaluation tools. What are the advantages of the ROMI perspective?
What will be an ideal response?
Once a static budget has been determined, it is changed regularly as the underlying activity changes
Indicate whether the statement is true or false
Competition in the 21st century is no longer between companies; it is between supply chains
Indicate whether the statement is true or false