Terms and Conditions: Advance Specials Extended

September 23, 2021

Members may receive a 5 basis point (bps) discount to the regular advance rate under the following conditions:

Notes-sept23-v2

Universal Terms for All Specials

  • Eligible through December 31, 2021.
  • All advances must be fully capitalized and are not eligible for the Reduced Capitalization Advance Program (RCAP).
  • Members may execute multiple specials in a day, but individual terms apply and discounts cannot be combined.
  • Daily maximum of $50 million principal value inclusive of all three specials.

Specifics of Each Special


1. Callable Fixed-Rate Advances (A122)

Applies to any callable fixed-rate advance (A122) with the following conditions:

  • The principal value of each advance must be at least $1,00000,000 or greater.
  • The maturity date of each advance must be at least two years or greater than the settlement date, and cannot exceed 5 years from the settlement date.
  • The first call date must be at least one year or greater than the settlement date.
  • Forward starting advances do not qualify for this discount..

 

2. Single Fixed-Rate Fixed-Term Advance (A121)

Applies to any fixed-rate fixed-term advance (A121) with the following conditions:

  • The principal value must be at least $1,000,000 or greater.
  • The maturity date must be at least five years or greater than the settlement date and cannot exceed 10 years from the settlement date.
  • Members may forward start the advance, but the settlement date cannot exceed one year from the execution date.


3. Single Fixed-Rate Amortizing Advances (A290)


Applies to any individual fixed-rate amortizing advance (A290) with the following conditions:

  • The principal value must be at least $1,000,000 or greater.
  • The maturity and amortization date must be at least five years or greater than the settlement date, and cannot exceed 20 years from the settlement date.
  • Members may forward start the advance, but the settlement date cannot exceed one year from the execution date. 


4. Blend and Extend Advance Restructuring

Applies to newly restructured advance must be fixed rate, fixed term (A121) with the following conditions:

  • The maturity date of the newly restructured advance must be at least two years greater than the maturity date of the original advance.
  • The principal amount must be greater than $1,000,000.
  • 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.

Questions?

Please reach out to your Sales Director.

Contact your Sales Director for more information.

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