Long-term Fixed Rate Bullet

Description Long-term fixed rate advances offer long-term funding with the security of fixed rates.

Term
1 to 30 years.  Terms up to 20 years are available through the Community Investment Program.

Application
Call the FHLBI by 10:00 a.m. Indianapolis time for same business day funding.

Rate
Rate indications will be posted each morning on Member Link. Actual rates will be set at the time of rate commitment. A history of rates and maturities is available for reference either on Member Link or in the weekly "Update" mailing.

Commitment
Once a rate commitment is made, the member must normally take funding within 5 business days. From time to time, at the sole discretion of the FHLBI, rate commitments for longer periods of time may be obtained. Such commitments may require modification of the rate, a commitment fee, or both.

Takedown
Once a rate commitment has been issued, takedown becomes mandatory. The member normally must take funding on any business day within 5 business days. The FHLBI may require next-day funding in certain rate environments.

Commitment fee
None.

Prepayment
May prepay subject to applicable prepayment fees described in the Prepayment Program section of the Credit Policy. Notify the FHLBI before 2 p.m. Indianapolis time for next-day prepayment.

Updated: February 25, 2008