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Utilize our high-quality and competitively priced safekeeping and security transaction services to execute the receipt and delivery of securities, manage security positions, and facilitate related activities including corporate-action processing. You can also mark assets to market through any number of accounts including collateral, available-for-sale, held-to-maturity, trading, PICs, etc.
Benefits of utilizing FHLB Boston’s safekeeping services for safekeeping your collateral positions include:
- A reduction in collateral haircut of five percent — We are able
to offer this reduced haircut because we provide daily pricing of the security
positions held.
- Competitive fees — Many correspondent alternatives charge up to
one basis point monthly on the market value of positions held compared with
our flat fee of $5.00 per CUSIP. On a collateral position with a market
value of $100 million, this would equate to a monthly charge of $5,000 to
$10,000 (the equivalent of 1,000 to 5,000 CUSIPS respectively if held with
us).
Important notes relating to safekeeping transactions:
- All safekeeping transactions will settle to the member’s IDEAL Way account effective as of the date that FHLB Boston receives the debit/credit.
- There is no guarantee of settlement.
- Securities physically held by the member need special handling prior to settlement. Contact Bank Operations Safekeeping at 800-358-9709 for instructions.
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