CMT Adjustable Advance

Description
These advances reprice annually based on the one-year constant maturity Treasury (CMT) rate. The minimum advance amount is $250,000.

Term
5 years.

Application
Call the FHLBI by 5:00 p.m. Indianapolis time one business day prior to funding.

Rate
The initial rate on the CMT advance will be available from the FHLBI upon request. The rate will be adjusted once each year, on day 15 of the anniversary month. The new rate will be set at a specified spread over the daily figure for the one-year CMT on the last day of the month before the reset date. Interest will be calculated on an actual/360 basis.

Commitment
Upon credit approval, the FHLBI will make a rate and spread commitment.

Takedown
Funding will normally occur on the day following rate commitment.

Commitment fee
None.

Prepayment
May be made without fee on the annual interest reset date provided that the FHLBI receives 30 days' prior written notice.

Updated: February 25, 2008