| Maturity: |
One month. |
| Minimum Size: |
None. |
| Interest Rate: |
Reset daily at a fixed spread to Federal Funds. Interest is payable and charged to the member's DID account on the fifth calendar day of each month using the following business day convention. |
| Federal Funds: |
The rate per annum for overnight Federal Funds as determined at the close of business by the Federal Home Loan Bank of Chicago in its discretion. Depending on market dynamics, Federal Funds rate as determined by the FHLBC may differ from the Federal Reserve's target rate. |
| Day Count Fraction: |
Actual/360. |
| Prepayment: |
Prepayment at par in whole subject to a two business day notice period. |
| Availability: |
Same-day funding is available for transactions initiated prior to 2 p.m. (Chicago time.) |
| Commitment: |
Optional draw forward commitments are available at market rates for up to six months. Mandatory forward commitments are not available. |
| CICA: |
Available |
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