TBA-Eligible definition
TBA-Eligible means a mortgage-backed security that qualifies for good delivery against a To-Be-Announced (“TBA”) transaction in the taxable forward market for GNMA Certificates. Guidelines for such qualification are established by the Securities Industry and Financial Markets Association (“SIFMA”) and detailed in the “Standard Requirements for Delivery of Settlements of Fannie Mae, Freddie Mac and Ginnie Mae Securities,” also known as the “Good Delivery Guidelines.”