Guidelines on Delivery of Offering Materials Relating to GSE Securities  

Last updated October 31, 2011

Established for the provision of access and the distribution of offering materials to investors in securities issued by the Farm Credit System, the Federal Home Loan Bank System, the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association. Updated to incorporate Ginnie Mae in October 2011.  The purpose of these Guidelines is to facilitate the timely availability of information to offerees and purchasers of securities.

• Guidelines (2011)
• Implementation Note  (2011, updated March 2017)
• Master Agreement   (2011)
• Negative Consent Amendment to Master Agreement  (2011)

Practice Guidelines for Trading GSE European Callable Securities 

Guidelines created by a broad range of industry professionals for trading in certain GSE European-style callable securities.

• Guidelines
• Appendix A – European Callable Securities Formula
• Appendix B –  Skew Adjustment Formula
• Appendix C –  Designated Yield Curve

Summary Guide to Required Offering Materials for GSE Securities 

Guide for the dealer's agreements or contractual obligations with GSEs.

Market Guidelines Covering When Issued Trading in GSE Auctioned Securities 

Practice guidelines designed to establish certain market conventions for "when issued" (WI) trading in coupon securities issued by GSEs through a competitive bid auction process.