Adjustable rate advances provide a source of liquidity that periodically adjusts to market rates. These advances assist in the management of interest rate and basis risk.
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Term
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Typical maturities up to 10-Years
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Rate
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Rates will be periodically adjusted based on LIBOR, Secured Overnight Funding Rate (SOFR), Fed Funds Effective, Prime, and constant maturity Treasury (CMT). The index, spread, reset period, and terms of the advance will be determined after credit approval
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Interest is Paid
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Monthly and/or at Maturity
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Principal is Paid
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At Maturity
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Principal Prepayment Policy
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May prepay subject to applicable limitations and prepayment fees described in the adjustable rate advance terms sheet
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Call FHLBank Indianapolis by 2:00 pm ET for same banking day funding |
Contact Us
For more information or questions about our products, call the
FHLBank Indianapolis Advances Desk at 800.442.2568.