Convertible Advance Now Called the Putable Advance

Effective August 1, 2010, the name of the "Convertible Advance" was changed to the "Putable Advance." The HLB felt it necessary to change the name of the product to more accurately reflect its features and to avoid any confusion with other advance products with the recent introduction of the Callable Advance.

Please be aware that this change affects the name only. The Putable Advance product itself is identical in all other aspects to the Convertible Advance.

If you have any questions, please contact us at 212-441-6700.

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