RATE LOCK FAQ

Timing is everything in rate lock management. Correctly submitting program changes and extensions can keep your Credit Union from
paying extra basis points or becoming subject to worst-of pricing. The MMS secondary market team has put together a helpful rate
lock guide on the Affiliates website under Pricing.

THE GUIDE ADDRESSES TOPICS SUCH AS:
1. Expired and non-expired rate lock extensions
2. Submission errors
3. Submitting program changes
4. Requesting rate changes
5. Adjustment impacts
6. Cancelling locks
7. Pair-offs

If you have additional questions after reviewing the Rate Lock FAQ, please email pricing@mms.coop.