48-hour rule

The requirement that all pool information, as specified under the PSA Uniform Practices, in a 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. The New York Times Financial Glossary
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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. Bloomberg Financial Dictionary

Financial and business terms. 2012.

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