| Maturity: |
Six months to ten years. |
| Minimum Size: |
$5 Million. |
| Interest Rate: |
Reset periodically at a fixed spread to the Index, subject to a Cap. 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. |
| Day Count Fraction: |
Actual/360. |
| Cap: |
The maximum Interest Rate (LIBOR plus spread) as specified in the related application. Alternatively, the Cap may be on the "index" (LIBOR excluding the spread.) |
| Index: |
LIBOR (other indices may be priced upon request.) |
| LIBOR: |
The rate per annum for deposits in U.S. dollars (relative to the related interest period) having a tenor equal to the Reset Frequency, which appears on Telerate Page 3750 as of 11:00 a.m. London time on any given date that a LIBOR rate determination is necessary. |
| Reset Frequency: |
Monthly (quarterly, semiannual, and annual frequency may be priced upon request.) |
| Reset Date: |
As specified in the related application. |
| Determination Date: |
Two London business day look back. |
| Determination Agent: |
Federal Home Loan Bank of Chicago. |
| Notification to Borrower: |
Initial Interest Rate determined at funding. At each reset, electronic updates will be available on eBanking. |
| 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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