Summary
Anti-Predatory
Lending Policy
Credit Services
Advance Programs
Letters of Credit
Off-Balance Sheet
Borrowing Capacity
Collateral Policy
Subprime and Nontraditional Mortgage Lending
Mortgage Purchase Program
Analytical
Correspondent Services
Advance Programs >
REPO Advance
Common Uses

Enables members that participate in the REPO market to utilize the FHLBank as a source of finance for this type of funding

Transaction Size

Minimum transaction size of $15 million

Rate

Remains fixed for entire term to maturity

Accrual Basis

Actual / 360 day basis

Interest is Paid

At Maturity

Principal is Paid

At maturity

Principal Prepayment Policy

Not Prepayable

Submission of Application

A REPO Advance application is required every 12 months

 

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