VARIANCE RULE


Meaning of VARIANCE RULE in English

Specifies the permitted minimum or maximum quantity of securities that can be delivered to satisfy a T.B.A. trade . For Ginnie Mae , Fannie Mae , and Freddie Mac pass-through securities , the accepted variance is plus or minus 2.499999 percent per million of the par value of the T.B.A. quantity.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.