[1024x768] [800x600]

Step 1: Select Advance Step 2: Forms & Agreements Step 3: Determine Collateral Step 4: Initiate Advance Step 5: Receive Funds Step 6: Review Transaction

 

Key Contacts

Calling Officers: (212) 441-6700   Credit Service Reps: (212) 441-6600   1Link Helpdesk: 800-546-5101

Step 4: Initiate the Advance

Now you are ready to initiate your first Advance. All you need is:

 

1. Your account number
2. The advance structure you are interested in
3. The amount* and term of the advance
4. The type of collateral you will be using

 

Contact a Credit Service Representative or your Calling Officer, and they will complete the process. If you are initiating Short-term Advances (under one year), you can also use 1Link to initiate these Advances.

 

Benefits of initiating your Short-Term Advances through 1Link include:

• Save 2 bps off the OLOC rate posted on our public website
• Initiate transactions conveniently from your PC with "live" Advance rate updates
• Rollover or payoff maturing Advances in a single transaction
• Access and view your current day Advance transaction status any time
• Check to see which Advances are maturing each day
• Verify your HLB portfolio of outstanding Advances, HLB stockholdings and collateral availability, and browse OLOC availability (total availability amount on OLOC and OLOC + commitments in your portfolio)
• Receive Automated Customer Notification (ACN) of Advances

 

* Our current Capital Plan requires a stock purchase of 4.5% of the borrowed amount.

 

 

New to 1Link? Call the 1Link Helpdesk, who will guide you through your transactions.