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The Bond Market Association

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The Bond Market Association
Also called the BMA. A defunct trade association for investors in debt securities. Members of the Bond Market Association consisted of brokers, dealers, banks, and underwriters. The BMA set common practices for the industry, compiled statistics and other information, and lobbied governments. In 2006, the BMA formed the Securities Industry and Financial Markets Association in a merger with the Securities Industry Association.


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Green heads the merger of the Securities Industry Association and the Bond Market Association.
The Association formally changed its name to the Bond Market Association in 1997 and since then has opened a London office, helped form the European and American Securitization Forums and the European Primary Dealers Association.
Because governments typically use interest rate swaps to hedge, offset, or reduce the cost of borrowing in connection with a tax-exempt financing, floating rate payments are frequently calculated on the basis of a tax-exempt index, primarily the The Bond Market Association Municipal Swap Index (the "BMA Index") which is produced by Municipal Market Data.
 
 
 
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