eNotes Resources
eNotes are electronic promissory notes accepted by the Federal Home Loan Banks (FHLB) as collateral.
Documents and Resources
Member eNotes Checklist
Step 1: Start the conversation - connect with your FHLBank Business Development Manager to discuss eNote collateral options.
Step 2: Understand the requirements - review the FHLBank Electronic Promissory Notes (eNotes) Model Collateral Acceptance Requirements and Guidelines documentation.
Step 3: Complete key agreements - execute the Advances Agreement Addendum for eNotes. If not a MERS member , join and sign the MERS eRegistry Addendum.
Step 4: Update your MERS profile - acknowledge FHLBank as secured party in your MERS profile.
Step 5: Validate your technology - select eVault and perform connectivity testing with FHLBank.
Step 6: Pledge your eNotes - identify and verify eligible eNotes. Add FHLBank as the secured party in MERS eRegistry, transfer location to FHLBank's eVault and use MERS eDelivery to transmit eNotes.
Step 7: Report and receive lending value - follow FHLBank guidance to report pledged eNotes and receive lending value.