The Treasury Market Practices Group
The Treasury Market Practices Group (TMPG) is a group of market professionals committed to supporting the integrity and efficiency of the Treasury, agency debt, and agency mortgage-backed securities markets. The TMPG is composed of senior business managers and legal and compliance professionals from a variety of institutions — including securities dealers, banks, buy-side firms, market utilities, and others — and is sponsored by the Federal Reserve Bank of New York.

TMPG Announces Market Practice Recommendations to Support More Timely Trade Confirmation in the Tri-Party Repo Market
The Treasury Market Practices Group (TMPG) announced recommendations to broaden the Best Practices for Treasury, Agency Debt, and Agency Mortgage-Backed Securities Markets by incorporating practices that support more timely trade confirmation in the tri-party repo market.

TMPG Announces Market Practice Recommendations to Support More Timely Trade Confirmation in the Tri-Party Repo MarketMay 23, 2013
Best Practices for Treasury, Agency Debt and Agency MBS Markets May 23, 2013 

TMPG Proposes Market Practice Recommendations to Support More Timely Trade Confirmation in the Tri-Party Repo Market
The Treasury Market Practices Group (TMPG) proposed broadening the existing Best Practices for Treasury, Agency Debt, and Agency Mortgage-Backed Securities Markets by incorporating practices that support more timely trade confirmation in the tri-party repo market. Members of the public may submit comments by Friday, May 17, 2013, to tmpg@ny.frb.org.

TMPG Proposes Market Practice Recommendations to Support More Timely Trade Confirmation in the Tri-Party Repo MarketApril 19, 2013
 

TMPG Releases Updates to Agency MBS Margining Recommendation
The Treasury Market Practices Group (TMPG) updated its recommendation regarding the margining of forward-settling agency mortgage-backed securities (MBS) transactions. Specifically, the TMPG modified its recommended implementation timeline and clarified two aspects of the margining recommendation in response to feedback received from market participants. The TMPG believes that these updates will provide the time and guidance needed by market participants to implement this practice guidance.

TMPG Releases Updates to Agency MBS Margining RecommendationMarch 27, 2013
Frequently Asked Questions: Margining Agency MBS Transactions" April 11, 2013
 

TMPG Revises Agency MBS Fails Charge Trading Practice
The Treasury Market Practices Group (TMPG) revised the agency mortgage-backed securities (MBS) fails charge trading practice by removing the two-day resolution period from the practice recommendation. Consequently, an agency MBS settlement fail will be subject to a charge for each calendar day the fail is outstanding, even if the delivery occurs on either of the first two business days following the contractual settlement date. The TMPG recommends that the revised agency MBS trading practice apply to transactions in agency MBS entered into on or after July 1, 2013, as well as to transactions that were entered into prior to, but remain unsettled as of, July 1, 2013.

TMPG Revises Agency MBS Fails Charge Trading PracticeMarch 1, 2013
Agency Debt and Agency MBS Fails Charge Trading PracticeApril 1, 2013
FAQ: TMPG Fails ChargesApril 1, 2013

TMPG Recommends Margining of Agency MBS Transactions to Reduce Counterparty and Systemic Risks
The Treasury Market Practices Group (TMPG) strengthened the existing Best Practices for Treasury, Agency Debt, and Agency Mortgage-Backed Securities Markets to include a recommendation that forward-settling agency MBS transactions be margined in order to prudently manage counterparty exposures. The Group encourages market participants to complete the implementation process by early June 2013.

TMPG Recommends Margining of Agency MBS Transactions November 14, 2012
Best Practices for Treasury, Agency Debt and Agency MBS Markets November 14, 2012
White paper on "Margining in Agency MBS Trading" November 14, 2012
Frequently Asked Questions: Margining Agency MBS Transactions" November 26, 2012