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Symmetrical Prepayment Advance (SPA) Feature

Symmetrical Prepayment Advance (SPA) Feature

Sep 2, 2019

Financial Intelligence Symmetrical Prepayment Advance Feature Federal Home Loan Bank of New York (FHLBNY) members have the ability, at the time of the trade, to add symmetry to certain advances with maturities of one year or greater. The SPA feature allows members to...