Bond market association


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Bond market association

An international trade association of broker/dealers and banks in US government and federal agency securities, municipal securities, mortgage-backed securities, and money market securities.

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.

Bond Market Association

A nonprofit trade association for approximately 200 securities firms that underwrite, trade, and sell debt securities. The association compiles statistics, attempts to standardize market practices, and serves as an industry advocate before legislators and regulators.
References in periodicals archive ?
According to The Bond Market Association, New York, initiatives designed to eliminate abusive lending should "focus principally on the underlying consumer credit transactions, and the parties who are directly involved in, and thus capable of exerting control over, the terms and dynamics of those transactions."
At its first meeting of the year this month, the Bond Market Association's Board of Directors formally recognized the group's 30th anniversary, noting the Association was incorporated as a separate entity in 1976.
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.
At the same time we entered into a swap agreement with the Counterparty (JPMorgan Chase Bank) to receive a fixed interest payment of 5.47 percent and pay the current weekly Bond Market Association (BMA) Index.
* Market participants and regulators should support efforts, such as The Bond Market Association's effort to enhance the value of its Emergency Subcommittee, that would provide a source of real-time information on the functioning of the government securities clearance and settlement system and offer a potential sounding board for actions being contemplated by market participants, the Federal Reserve, the SEC, the U.S.
Other founding members of the council include America's Community Bankers; the American Bankers Association; the American Council of Life Insurers; the Bank Administration Institute; the Consumer Bankers Association; the Credit Union National Association; Fannie Mae; the Financial Services Information Sharing and Analysis Center, LLC; the Financial Services Roundtable and BITS, the Futures Industry Association; the Independent Community Bankers of America; the Investment Company Institute; the Managed Funds Association; NASDAQ the National Association of Federal Credit Unions; NACHA--The Electronic Payments Association; The Clearing House; the Securities Industry Association; the Bond Market Association; and the Options Clearing Corporation.
This Bond Market Association e-stop gives users corporate and municipal bond prices and features article titles such as "Planning for Retirement" and "How to Read Bond Prices in the Daily Newspapers." Visitors also can find a bond glossary, investor guides and links to related financial Web sites.
Similar to corporate bonds with a sinking fund, the principal is repaid to investors over a period of less than a year after a contractually predetermined revolving period, when only defined interest payments occur (The Bond Market Association, 1998).
''If they don't deal with opening these markets to world competitive forces, this will happen again,'' O'Neill said in a speech to the Bond Market Association in New York.
For the past two years, members of The Bond Market Association, New York City, have updated their own records, allowing TBMA to focus on data quality.
The souvenirs sported the names of the event's corporate sponsors, Lockheed Martin, Freddie Mac, AT&T, Union Pacific, American Bond Market Association, and other companies.
In February, a survey published by the Bond Market Association indicated that thirteen percent of respondents believed that agency debt would replace Treasuries as a benchmark over the next year.