Structured Advances
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
Callable Advance with Prepayment Symmetry
A Callable Advance with Prepayment Symmetry gives you the flexibility to prepay a Fixed Rate Advance early without a prepayment fee on pre-specified date(s).
Opportunities
Fund fixed rate or adjustable rate mortgage assets
Builds in long-term flexibility to reduce interest rate risk — prepay early without a fee
Opportunity to refinance in a lower rate environment
Hedge against asset prepayment risk
Helps protect margins for asset-sensitive institutions in a falling rate environment
Putable Advance with Prepayment Symmetry
A Putable Advance with Prepayment Symmetry offers you a below-market fixed rate advance in exchange for providing the Bank an option, on select date(s), to “put” or terminate the advance prior to its scheduled maturity.
Opportunities
Lowers funding costs to help net interest margin (NIM) compression
Fixed to Float Convertible Option Advance
Our Fixed-to-Float Convertible Option Advance offers you an initial below-market fixed rate advance, where the Bank owns the option* to convert the advance on a one-time basis from a fixed rate to a SOFR-based adjustable interest rate on a specified date (or dates). The advance provides both below market funding and term certainty, as the funding is guaranteed until the maturity of the advance.
Opportunities
Term certainty
Lower immediate term funding costs to help mitigate compressed Net Interest Margins
Address regulatory liquidity concerns
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