Amortizing Advance

Description
An amortization feature is available on Community Investment Program (CIP) advances. Amortization is usually calculated on a 30 year schedule with a balloon payment at maturity.

Term
Up to 20 years.

Application
See CIP advances.

Rate
Priced daily. The FHLBI will provide a rate indication and a principal
repayment schedule.

Commitment
See CIP advances.

Takedown
CIP advance takedown requirements apply.

Commitment fee
None, unless an extended commitment period is requested, in which case a commitment fee may apply.

Prepayment
May prepay subject to applicable prepayment fees described in the CIP amortizing advance terms sheet. Prepayment of principal in excess of the annual amortization schedule will lead to recalculation of the annual payment and no change in the remaining term to maturity or amortization period. Notify the FHLBI by 2 p.m. Indianapolis time for next-day prepayment.

Updated: February 25, 2008