SIFMA Helps Develop Industry Protocol to Aid Firms In Closing Outstanding TBA MBS Deals With Lehman
October 10, 2008
Firms looking to terminate some outstanding MBS trades with Lehman Brothers, now in Chapter 11 bankruptcy protection, have some guidance they can follow, thanks to an industry protocol developed by the Securities Industry and Financial Markets Association, some of its buy-side members, and Lehman’s court-appointed Securities Investor Protection Corp. trustee. SIFMA’s work...