Symmetrical long-term fixed-rate advances offer fixed-rate liabilities available in numerous maturities where the member will have an opportunity to realize a gain from a rise in interest rates when the advance is prepaid.
This advance:
- Aids balance sheet restructuring and helps lessen interest rate risk exposure by lengthening liabilities and
- Is competitive with deposits and assists in the stabilization or reduction of interest-rate risk.
Term
|
Typical maturities from 1-Year to 10-Years
|
Rate
|
An additional spread will be applied to the fixed-rate bullet advance rate offered to the member in exchange for the right to receive a prepayment credit in certain market conditions
|
Interest is Paid
|
Monthly
|
Principal is Paid
|
At Maturity
|
Principal Prepayment Policy
|
The advance termination fee will be the greater of ten (10) basis points multiplied by the advance principal balance or 10% of the absolute value of the difference between the present value of the advance and its principal balance
|
Application
|
Call FHLBank Indianapolis by 10:00 am ET for same business day funding
|
Contact Us
For more information or questions about our products, call the
FHLBank Indianapolis Advances Desk at 800.442.2568.