Credit Product Primer Advancing your knowledge of bank products and services
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1 Credit Product Primer Advancing your knowledge of bank products and services
2 Agenda The Money Desk Advance Products Product types Recent borrowing activity summary Why Use Advances? Letters of Credit Online Banking Advance origination Capital stock & collateral calculators
3 The Money Desk Inside sales contact Advances Letters of Credit Deposits, book transfers & wire transfers Daily Newsletter Online Banking Portal Advances Classic & Amortizing only Reporting Safekeeping Stock and collateral calculators Deposits, book transfers & wire transfers (with advance origination) 3
4 Advance Solutions Fixed-Rate Short-Term Daily Cash Manager IDEAL Cash Manager Classic: 2 Days to < 1 Year Adjustable-Rate Discount Note Auction Floater LIBOR Indexed Rollover Cash Manager Long-Term Classic: > 1 Year Symmetrical Prepayment Amortizing Member Option Expander Classic Plus Cap HLB Option Knockout Flipper HLB Option Plus Cap Discount Note Auction Floater LIBOR Indexed Capped Floater Slider Collar Corridor Curve Flattener Curve Steepener 4
5 Advance Solutions Standard Offerings Classic Advance Fixed rate & term Out to 20 years Interest monthly Principal at maturity Amortizing Advance Fixed rate & term Repayment terms out to 20 years Monthly payments of interest & principal 5
6 Fixed Rate Product Features If you want to Product Type purchase the option to pre-pay without penalty. Member Option Advance pay for the possibility that the rate decreases toward zero if Libor goes above a pre-set value. pay a lower rate in exchange for the risk that it will be cancelled if the HLB chooses. purchase the option to pre-pay with a reduced penalty or possible gain. purchase a one-time option to double the size of the advance at the same initial rate. Classic Plus Cap Advance HLB Option Advance Symmetrical Prepayment Advance Expander Advance 6
7 Variable Rate Product Features If you want to Product Type pay a low rate with the ability to prepay at no cost every 4 or 13 weeks. secure an embedded floor feature offering the potential for accelerated relief in falling interest-rate environments. pay an initial low rate that flips to a pre-determined fixed rate but could be cancelled if the HLB chooses. Discount Note Auction- Floater/Libor-Indexed Advance Slider Advance Flipper Advance pay an initial high rate that could decrease if the spread between long term and short term rates declines. Curve Flattener Advance
8 Advance Solutions by Interest Rate Outlook Interest Rate Outlook Falling Rates Rates Unchanged Rising Rates Yield Curve Shape Fixed Rate S-T Classic S-T Amortizer Member Option Floating Rate LIBOR Floater DN Auction Floater Slider HLB Option L-T Classic L-T Amortizer Symmetrical HLB Option Plus Cap Knockout Expander Classic Plus Cap Flipper Capped Floater Collar Corridor Curve Flattener Curve Steepener 8
9 Discounted Opportunities Housing & Economic Growth Lending Programs Volume Discounts Special Offerings Advance Renewal Discount Program Term of New Advance % of Maturing Advance Amount and Advance 1Y 2Y $1 million 50% 3 bp 8 bp $1 million 125% 5 bp 10 bp 9
10 Long-Term Borrowing Activity 2018 Advance Renewal Discount Program 57 Members 168 Advances $1.3 Billion 2018 LT Borrowing Activity By Product Type 4% 22% 2018 Activity summary: Classic Advance 74% Putable Advances 22% Amortizing Advance 4% Classic Putable Amortizer 74% 10
11 Why Use Advances? Complement retail deposits as funding source Hedge interest rate risk associated with holding mortgage loans on balance sheet Help manage uneven cash flows and daily liquidity need Hedge against potential deposit runoff Flexible, easily accessible and reliable Competitively priced 11
12 Letters of Credit Secure public unit deposits Credit support for certain tax-exempt & taxable bonds Performance guaranty in lieu of a construction performance bond Credit support for other financial obligations 12
13 Letters of Credit Fixed Balance Master Variable Balance Refundable Balance Variable Balance 13
14 Online Banking Advance Origination
15 OLB Advance Origination
16 OLB Advance Confirmation
17 OLB - View Outstanding Advances
18 OLB Capital Stock Calculator
19 OLB Collateral Calculator
20 Credit Product Primer Advancing your knowledge of bank products and services Questions?
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