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07-18-2008, 09:11 PM
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#1 | | OK GO
Join Date: May 2007
Posts: 3
Rep Power: 0 |  Hypothicated Share of UPS
Can someone explain hypothication of UPS stock? Does anyone know how to go about hypothicating shares of UPS stock? Do you have to go through Mellon? I can't find any info any where.
Thx | 
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07-18-2008, 09:37 PM
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#2 | | Shankman
Join Date: Jan 2008
Posts: 2,700
Rep Power: 3814 | Re: Hypothicated Share of UPS
Quote:
Originally Posted by jag_6819  Can someone explain hypothication of UPS stock? Does anyone know how to go about hypothicating shares of UPS stock? Do you have to go through Mellon? I can't find any info any where.
Thx | Id imagine youd have to have to go through mellon, keep in my you have to hold the stock for a yr before you can use it for these purposes or sell it. on the upsers website it has the phone number for mellon call them and see what they say | |
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07-19-2008, 12:14 AM
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#3 | | I live dilbert
Join Date: May 2000
Posts: 10,786
Rep Power: 27230 | Re: Hypothicated Share of UPS
Quote:
Originally Posted by drewed Id imagine youd have to have to go through mellon, keep in my you have to hold the stock for a yr before you can use it for these purposes or sell it. on the upsers website it has the phone number for mellon call them and see what they say | ask a finance supervisor for an updated listing of finance institutions offering hypo's.
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As the owner of a bovine heart valve I encourage everyone to eat more chicken. | 
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07-19-2008, 07:08 AM
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#4 | | Senior Member
Join Date: May 2006
Posts: 108
Rep Power: 418 | Re: Hypothicated Share of UPS
Wachovia Bank in Atlanta offers UPS Hypothecation. You probably need a substanial amount of shares to hypo, they have minimums and they will basically tie up 2 times the value of the money you want to borrow. There are also some small fees.
Remember the BIG fish always eats the little ones! | |
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09-02-2008, 10:22 AM
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#5 | | Junior Member
Join Date: Aug 2008
Posts: 2
Rep Power: 0 | Re: Hypothicated Share of UPS
HYPO Loan HELP!!!!!!
I recieved a notice from Wachovia regarding my Hypo loan. Evidently, they want me to move my Hypo out to another institution bevause Wachovia is closing down their hypo program. Can anyone please give me a reputable advisor at another firm, preferably an Advisor who understands our company HELP!!!! | |
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09-02-2008, 10:23 AM
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#6 | | Junior Member
Join Date: Aug 2008
Posts: 4
Rep Power: 0 | Re: Hypothicated Share of UPS
Wachovia is not helping us!! A lot of people are now with Morgan Stanley.
Last edited by cheryl; 08-25-2009 at 10:04 AM.
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09-02-2008, 12:13 PM
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#7 | | Senior Member
Join Date: Dec 2005 Location: Western USA
Posts: 349
Rep Power: 637 | Re: Hypothicated Share of UPS
Bank of America has a UPS Loan Center
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Wine a bit, you'll feel better | |
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08-27-2009, 07:32 AM
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#8 | | Junior Member
Join Date: Sep 2008
Posts: 4
Rep Power: 0 | Re: Hypo
FYI - if anybody got a letter from Wachovia -
Looks like Morgan Stanley's rates are about the same as Wachovia's and they didn't charge a stupid set up fee!!! | |
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