| Maturity: |
Two years to thirty years. |
| Non-call Period: |
One year (other non-call periods may be priced upon request.) |
| First Call Date: |
The date specified in the related application. |
| Termination Date: |
Initially the First Call Date, and if (i) a European option, non-callable thereafter, or (ii) a Bermudan option, thereafter periodically at the Call Date Frequency, or (iii) an American option, at anytime thereafter. |
| Minimum Size: |
None. |
| Interest Rate: |
Fixed for the term (varies by maturity and structure.) Interest is payable and charged to the member's DID account on the fifth calendar day of each month using the following business ay convention. |
| Day Count Fraction: |
Actual/360. |
| Option Type: |
Either American, Bermudan, or European. |
| Call Date Frequency: |
Semi-annual (other frequencies may be priced upon request.) |
| Call Notice Date: |
Five business days prior to the relevant Termination Date, from and including the First Call Date, up to but excluding the Maturity Date, in each case subject to the following business day convention. |
| Notification to FHLBC: |
The borrower must notify the Federal Home Loan Bank of chicago in writing if it opts to exercise its call on the Call Notice Date. |
| Call Exercise: |
At the option of the borrower, in increments of $100,000. |
| Prepayment: |
Permit pursuant to standard FHLBC policy. |
| 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 available for up to six months. |
| CICA: |
Available. |
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