The Advance Rates for Eligible Securities are as follows:
|
Type of Security
|
Advance Rate
|
|
Franklin Templeton Mutual Funds
|
65%
|
|
Money Market Funds and other cash equivalents
|
100%*
|
*The Advance Rate for an all cash portfolio is 95%.
Note: The foregoing percentages are maximum percentages. Securities in a pledged account (which may include cash) must meet collateral eligibility requirements including portfolio composition and concentration. The foregoing percentages remain subject to change, in the Bank’s sole and absolute discretion, at any time.