48-hour rule

48-hour rule

PSA Uniform Practices requirement that all pool information in a to be announced (TBA) transaction be communicated by the seller to the buyer before 3 p.m. EST on the business day 48 hours prior to the agreed-upon trade date.

48-Hour Rule

A rule under the PSA Uniform Practices requiring that all information about the mortgages underlying a forward contract on a mortgage-backed security be communicated from a seller to a buyer by 3 p.m. two days before the delivery takes place. This contract is known as TBA.
References in periodicals archive ?
To a degree that risk is managed by the 48-hour rule and the opportunity to get someone in within that time frame before a match if there is an injury.
Baldoz said the labour office in Dubai has started strictly implementing the 48-hour rule for recruitment companies of the housemaids to provide return tickets to hasten their repatriation.
Technically they didn't break a rule because there is a 48-hour rule that we have before games.
What do the employer and worker need to do if the 48-hour rule is not to apply?
Hospitals will be fined pounds 5,000 each time they are in breach of the 48-hour rule.
His theatre company, Eyebrow Productions, has been staging Showtime Challenge events for the past three years, all with the 48-hour rule and all in aid of good causes.
This meant that Stern and Chris would be available to Trinidad & Tobago for longer than the 48-hour rule and that Coventry City would have the players available and refreshed for its game on Friday 13 October.
Shels were entitled to invoke UEFA's 48-hour rule, which means they don't have to play a game within two days of European action.
I remember the days when we had a 48-hour rule instead oftoday's 24 hours, which was an enormous problem.
The Senate didn't get the House's final bill until it was in the 48-hour period, and the upper chamber did make amendments and sent the measure back to the House, which waived the 48-hour rule and rejected the amendments.
Passport delays meant he only arrived in Britain with hours to spare before the British Boxing Board of Control's 48-hour rule, which if breached would have scuppered the contest.