| Term |
Typical maturities from 2-Years to 10-Years |
| Rate |
Remains fixed until put or maturity |
| Interest is Paid |
Monthly and/or at Maturity |
| Principal is Paid |
At Maturity |
| Principal Prepayment Policy |
The member may elect, with at least 2 banking days’ prior written notice to FHLBank Indianapolis, to terminate in whole this transaction. FHLBank Indianapolis shall calculate a reasonable termination amount (prepayment fee) which would leave FHLBank Indianapolis economically indifferent |
| Put Option |
FHLBank Indianapolis shall have the option to put the entire advance on the lock-out date or on any exercise date thereafter. Typically lock-out terms range from 3 months to 5 years, with quarterly or one-time options |
| Application |
Members must sign and return an Option-Embedded Advance Disclosure Statement prior to locking a rate. Call FHLBank Indianapolis by 10:00 am ET for same banking day funding |