Due to a recent system crash of the electronic pool notification system for mortgage-backed securities, the Bond Market Association has adopted a contingency guideline to extend the pool notification timeframe should a system error occur in the future.

The new protocol would extend the cut-off time for notification of pool settlements from 3 p.m. to 6 p.m. in the event that the EPN system experiences an unrecoverable problem before noon, or if the system encounters a problem between noon and 3 p.m.

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