The Treasury Market Pratice Group (TMPG) published it's proposed fails charge for agency MBS and debt set to take effect early next year. The trade group is taking comments on the proposal until June 10.
TMPG proposed that for the agency debt market, the proposed fails charge would accrue each calendar day a fail is outstanding. It will also have a $500 minimum claim as a threshold, which is like the recommended Treasury market fails charge. Fannie Mae, Freddie Mac and the Federal Home Loan Banks debentures would fall under this charge.