Adjustable Rate Advance
SOFR Adjustable Rate Advance
Our SOFR Adjustable Rate Advance is a funding option that is priced as a spread to the prevailing Secured Overnight Financing Rate (SOFR), which resets daily.
Opportunities
Manage asset/liability and interest rate risk
Lock in spreads to SOFR-based assets
Fund adjustable rate mortgages, consumer and commercial loans
Reduce funding costs in a declining interest rate environment
Choice SOFR Adjustable Rate Advance
Our Choice SOFR Adjustable Rate Advance is a flexible funding option. You can prepay this advance on a specified date without a prepayment fee; ideal for managing regulatory liquidity requirements.
Opportunities
Manage regulatory liquidity requirements
Reduce funding costs in a declining interest rate environment
Manage interest rate and prepayment risk
Built-in long-term flexibility
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