This interactive infographic provides a high-level pictorial representation of the typical life cycle of a TBA trade at MBSD and if clicked, provides an animated walkthrough of the MBSD Trade Lifecycle for various trade types. If you see an error message, please simply refresh this page.
Note: PC users should not use the blue "Full Screen" button above, but instead select the yellow button with the double-headed arrow from the player controls. If you are viewing this page on a small mobile device, using the blue "Full Screen" button will provide a better experience.
Acronyms appearing in the graphic above, defined:
*FTBA - FICC TBA Novation Account
*TBA - To Be Announced
*FSTI - FICC Stipulated Account
*FSPT - FICC Stipulated Pool Trade Account
*CSD - Contractual Settlement Date