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Do all HLB advances need to be collateralized?

advances collateralized hlb
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Do all HLB advances need to be collateralized?

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• • Yes. To protect both the HLB and members’ interests and to comply with regulations, advances and other obligations are extended only on a secured basis. Members must have sufficient qualifying collateral pledged, meeting a pre-established Collateral Maintenance Level (“CLM”), prior to participating in the HLB’s credit programs.

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