New Rule: MSRB Inter-Dealer Muni Price and Yield Data Effective
by Nick Paraskeva on June 8, 2012
The following is one of this week’s new rules, courtesy of Nick Paraskeva at Reg Room. Click here for daily updates on new rules from Reg Room.
MSRB Inter-Dealer Muni Price and Yield Data Effective
On Jun. 4, MSRB required muni price and yield data for transactions between dealers to be reported.
•Follows MSRB Mar. 2012 issuance of Notice 2012-15, on changes to muni reporting on RTRS.
•Requires dealers to also report for inter-dealer transactions, the dollar price at which executed.
•Report final money, par amount and accrued interest on trade, no longer dollar price and yield
Based in New York City, Reg-Room, LLC, provides regulatory information services, monitoring and consultancy to the financial services industry in the US and internationally. Nick Paraskeva is the principal and founder of Reg-Room. Nick has twenty five years experience in Compliance and Regulation, including eleven years at Citigroup, where he was senior Vice president of Global Regulatory Risk in New York. Nick can be reached at Nick.Paraskeva@reg-room.com.
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