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.
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Term
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Typical maturities from 1-Year to 10-Years
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Rate
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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
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Interest is Paid
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Monthly
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Principal is Paid
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At Maturity
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Principal Prepayment Policy
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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
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Application
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Call FHLBank Indianapolis by 10:00 am ET for same business day funding
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Contact Us
For more information or questions about our products, call the
FHLBank Indianapolis Advances Desk at 800.442.2568.