ReleasingIndividual Securities
These instructions outline steps necessary to complete online forms for releasing individual securities and submit the release request to FHLB Des Moines. Members can also release a group of securities by submitting release information in a comma separated value (CSV) file. Instructions for submitting a securitiesrelease file are available on the Collateral Toolkit, underReleasing a File of Securities Instructions. All references to “Securities” in this document also means “Cash”. Cash may be released from FHLB Des Moines collateral using the eAdvantage securities pages referenced in this document. “Users” referred to throughout this document are members’ eAdvantage Securities Users.
Select the Release Securiteslink on Users Collateral Summary Page. Users will be taken to theRelease Securities Page.Members can also reach the Release Securities Page by clicking the large Securities or Cashbutton on the right–hand side of the page or by clicking the Securities or Cash link available by clicking the green Collateral tab.
On the Release Securities Page, select Release Individual Securities. Users will be prompted to provide information regarding the security or securities being released.
Navigating the ReleaseIndividual SecuritiesPage:
- Enter the member’s Contact Information
- Select the entity thatpledged the security being released, from the Pledgor Name drop down box(Members with affiliates or subsidiaries who have pledged securities on their behalf need to select the correct affiliate or subsidiary listed in the drop down box)
- Enter Contact Information for the custodian holding the security being released
- Select the Security Typefrom the drop down box. Choices available for selection are:
- Cash
- Treasury
- Agency Debt
- Agency MBS
- Agency Z
- RMBS (residential mortgage-backed security)
- CMBS (commercial mortgage-backed security
- Other
- Enter the Custodian Account # where the pledged security is held
- Select Member or Affiliate from the drop down box to indicate if the pledgor of the security being released is the member or affiliate/subsidiary of the member
- Enter the CUSIP of the security being released(must be 9 characters, no 0s are allowed)
- Enter the Release Amount for the security being released
- Click Add to save information entered. Repeat steps 1-9 to add additional securities to the release request
- Click Clear to delete the information entered in steps 4 – 8. Member and custodian contact information will remain in the form until users click Cancel
- Click Cancel to clear all data entered on the page, close this screen and return to the Securities Home Page without submitting the release request
- ClickSubmit Securities to submit the information on the page and release all securities showing. Users will be transferred to the Release Securities Review Page to confirm the release
- Click Cancel to clear all information entered on the page, close this screen and return to the Securities Home Page without submitting the release request.
Securities added may be removed by clicking the red circlenext to the Security Type, Treasury.
On the Release Securities Review Page, users have the choice of saving and printing the release information, canceling the release before submitting it or confirming the release. To print or save the summary release information being submitted, click the Printer Icon located in the upper right hand corner of the page or the Print Button at the bottom of the page.
A PDF document summarizing the release information will appear for users to save to their local computer or print.
Click Cancel on the Release Securities Review Page to be transferred to the Collateral Securities Page without releasing the securities.
ClickConfirmon the Release Securities Review Pageto electronically send the release request information to FHLB Des Moines for processing. A box will appear requiring verification of the release confirmation, which is done by clicking Check this to confirm you wish to submit. Click Cancel to stop the release and return to the Securities Home Page.
Once the release request has been submitted, a Release Securities Confirmation notice is generated. Choices available from the ReleaseSecurities Confirmation Page are exiting to: the eAdvantage Home Page, the Collateral Summary Page, the Securities Home Page or Logging out of Advantage.
The member’s collateral balance may be checkedwithin hours of submitting therelease. Please contact the collateral department at 800-544-3452, ext. 5408 for assistance.
Revised 10/05/2011