Weekly Market Update - COVID-19 Collateral Relief: April 30, 2020
The Federal Home Loan Bank of Chicago is pleased to announce that team members from our Member Product Support and Credit Departments will join James Hotchkiss on the Weekly Market Update webinar on Thursday, April 30. This webinar will discuss the FHLBank Chicago's collateral accommodations and relief, including accepting PPP loans as eligible collateral. All FHLBank Chicago members are invited.
A Guide to the FHLBank Chicago COVID-19 Accommodations and Relief
- Date: Thursday, April 30, 2020
- Time: 3:00 - 4:00 p.m. CST
How to Access the Webinar:
Please register for the event by clicking here and selecting the April 30 webinar date from the dropdown menu.
- To join the call, dial 1-877-309-2071
- Access Code: 543-674-174
- Webinar ID: 389-525-171
Contact James Hotchkiss at email@example.com or Jessica Nick at firstname.lastname@example.org.
Paycheck Protection Program ("PPP") Loans and other Collateral Hot Topics: A Guide to the FHLBank Chicago COVID-19 Accommodations and Relief
Over the past month, the FHLBank Chicago announced several accommodations and relief for collateral as a result of the unprecedented impact of COVID-19, including its most recent announcement in accepting PPP loans as eligible collateral.
Join us for a live, one hour webinar that will go through the things you need to know including details on recent collateral accommodations, how does PPP loan pledging work, how to fill out and upload the listing template, how much you can pledge, and other important information regarding collateral.
Make sure to bring your questions too! For example:
- Is my member institution eligible to pledge PPP loans as collateral?
- What information do I need to provide to you to be given value for PPP loans? How often should I report this information, and where do I report it?
- What if I had a collateral verification review scheduled for this year?
- What happens to my pledged loans that are granted forbearance?
- What other collateral accommodations and relief have you made since March?