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Forward-Starting Advance

Forward-starting advances offer members the opportunity to lock in a known fixed rate on a term advance that disburses up to two years forward.

 

 Key Features
  • Available for the Bank’s fixed-rate Classic advance and fixed-rate Amortizing advance.

  • Take down is mandatory, once committed.
Common Uses
  • Pre-fund maturing advances.

  • Lock in fixed-rate for anticipated funding needs.

  • Members can compete for commercial loans by offering firm rate commitments to commercial borrowers for loans closing up to two years forward.
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