When used in tandem with other FHLB Chicago
products, our safekeeping service provides member financial institutions a broad range of financial services that can help them with their bottom line.
In addition, all collected funds from coupon payments, security sales, and maturities are automatically invested in the customer's DID account and earn the FHLB Chicago's market interest rate. Learn More
Standard Services
• Safeguarding of securities on deposit;
• Prompt and accurate clearance and settlement of securities in accordance with market standards;
• Timely and accurate principal and interest collection, including calls, maturities, and paydowns;
• Monthly account statement with month-end market prices, as well as current balance of each mortgage-backed security; and
• Daily account statements available on our secure, members-only website that include unaudited pricing of securities, as well as maturity dates, and rates.Pledge
Service The FHLB Chicago provides a convenient vehicle for pledging securities as collateral for advances or to a third party. Through this service, the FHLB Chicago can accommodate many collateral arrangements requiring the pledging of securities to Public Unit Deposits (PUD), such as municipalities, private entities, and individuals.
Safekeeping Fee Schedule
Current
Receipt / Delivery Book Entry
Security
$ 20.00
Receipt / Delivery DTC / PTC
Security
$ 20.00
Receipt / Delivery Physical Security
$ 50.00
Mortgage-Backed Monthly Remittance
$ 5.00
* Trade instructions received after 10:00 a.m. on settlement date
$ 10.00
* Trades received without instructions
$ 25.00
* In addition to standard receipt/delivery fees listed above
Safekeeping Quarterly
Maintenance
Current Face Amount Under $5MM
$ 50.00
Current Face Amount Over $5MM
$ 11.25/million
Third Party Pledge Fee Schedule
* Third Party Pledge - To or From Pledge Status
$ 75.00
* Third Party Pledge - Pledge Substations
$ 75.00
* Third Party Pledge - Monthly Service Fee
$100.00
*To or from Pledge Status, Substitutions and Third Party Pledge Monthly Service fees do not apply to pledges to the FHLB Chicago or the Federal Reserve.
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