Financial Intelligence Amortizing Advances Some members elect to sell long-term, fixed-rate residential mortgages to the secondary market rather than confront the interest rate risk associated with these loans. Forgoing the spread associated with residential mortgages...
Financial Intelligence You Have the Power — Using the Callable Advance for Flexible Funding in Challenging Times The Callable Advance was developed in consultation with our members to help meet their changing liquidity needs and to assist in their asset/liability...
Financial Intelligence What Goes Up Must Come Down—Managing Interest-Rate Risk with the Fixed-Rate with Cap Notice: The Fixed Rate with LIBOR Cap is temporarily suspended as a result of LIBOR cessation. The FHLBNY is no longer offering any structured products that are...
Financial Intelligence September 3, 2019 Principal-Deferred Advance The Principal-Deferred Advance (PDA) is a hybrid advance product that combines elements of the Fixed-Rate Advance and the Amortizing Advance. With the PDA, principal payments are deferred for a...
Financial Intelligence Mirror, Mirror, on the Wall—Is My Funding Strategy the Fairest of Them All? by Frank L. Farone of Darling Consulting Group As the current interest rate cycle progresses, the yield curve has inverted with long-term treasury rates testing historic...
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