Special Long-Term Advance Restructuring Discounts Terms
May 11, 2021
Federal Home Loan Bank of Chicago (FHLBank Chicago) members who execute an advance restructure under the following conditions will receive a 5 basis point (bps) discount off the extension period of their advance:
- Eligible through June 30, 2021.
- Newly restructured advance must be fixed rate, fixed term.
- The maturity date of the newly restructured advance must be at least three years greater than the maturity date of the original advance.
- The principal amount must be greater than $3 million.
- All advances must be fully capitalized and are not eligible for the Reduced Capitalization Advance Program (RCAP).
- Members may execute multiple discount specials in a day, but individual terms apply and discounts cannot be combined.
- Daily maximum of $50 million principal value inclusive of all special program discounts.
Please reach out to your Sales Director.