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 ?
On May 25, Duterte submitted his report to Congress on martial law to comply with the 48-hour rule after its declaration.
They say you have a 48-hour rule on losses but it doesn't escape your mind.
"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.
Against all odds The inside track from the odds-compilers on their weekend football prices Nick Goff (Coral) Crystal Palace v Derby Odds-compilers will always factor the '48-hour rule' into pricing - but it's not just playing twice in two days that's important here.
"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?
The main restriction imposed on carriers at that time was the rarely enforced "48-Hour Rule," which technically required carriers to forward hazmat shipments within 48 hours.
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.