Lines of Credit

Lines of Credit (LOC) offer immediate short-term funds through a member's cash account at FHLBank Indianapolis.

The full amount of the Overdraft LOC may be drawn down without contacting the Advances Desk for each request. With the Overdraft LOC, there are no ratings triggers or debt covenants and no compensating balances.

As with all credit products, the full amount of the Overdraft LOC must be collateralized at all times and capital stock requirements apply.

Term

Maturities up to 12-months

Rate

Within the range of funding approved, a rate equal to the current variable advance rate will be charged.

Interest is Paid

Monthly

Takedown

The member may draw funds any banking day during the term of the credit line by simply accessing its CMS account with FHLBank Indianapolis

Principal Prepayment Policy

May be paid at any time by depositing funds to the CMS account

Application

Call FHLBank Indianapolis by 5:00 pm ET. A credit decision will usually be available by 4:00 pm the next day.

The table below outlines the commitment fees associated with Overdraft Lines of Credit including those with maximum credit amounts above $5 million:

Commitment Amount	Fee
<= $5 million	0.02% (2 bps)
>5 million & <=$25 million	0.05% (5 bps)
>$25 million	0.10% (10 bps)

In order to manage our agreements electronically, FHLBank Indianapolis is utilizing DocuSign (a third-party electronic signature management tool) for certain documents/contracts. The intention is to hasten the process of executing and returning documents without the time and expense associated with routing, executing, and mailing the physical documents. Learn more about our implementation of DocuSign.

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CreditOur credit products assist our members in serving their communities by providing our members with same day access to customized funding solutions. How to Establish CreditOnce you've become an member, there are some additional steps required to establish borrowing capacity and ?establish the ability to execute a credit transaction Letters of CreditLearn more about FHLBI's Letters of Credit that allows members to provide additional assurances to third parties.

Lines of Credit (LOC) offer immediate short-term funds through a member's cash account at FHLBank Indianapolis.

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