| Maturity: |
One year to thirty years. |
| Minimum Size: |
None. |
| Interest Rate: |
Fixed for the term (varies by maturity.) |
| Day Count Fraction: |
30/360. |
| Monthly Payment: |
Principal and interest payment are based upon a mortgage amortization schedule. Inputs include the underlying mortgages' stated maturity, (typically 15 or 30 years,) constant prepayment speed, (either PSA or CPR) and structure. The Monthly Payment is payable and charged to the member's DID account on the first calendar day of each month using the following business day convention. |
| Prepayment: |
Permitted 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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