Products and Solutions Guide - Federal Home Loan Bank of Boston

Long-Term Variable-Rate Indexed Advances – The Slider AdvanceThe Slider AdvanceNonamortizing, fixed-term advance, withan interest rate that adjusts periodically tochanges in LIBOR and an embeddedinterest-rate floor position. For every basispoint LIBOR sets below the strike rate ofthe floor, the advance rate will decline bytwo basis points.Common Uses• Manage exposure to declining shortterminterest rates.• Fund adjustable rate assets.Terms• Maturities available for terms out to 20 years.• The rate of the advance cannot go below zero.DisbursementFunds are available two business days after the trade date.Principal and Interest• Principal is due at maturity. Interest is due on the rateadjustmentdate.• Rates adjust monthly or quarterly, depending on the indexyou choose, on indicated reset dates, based on LIBOR.• Interest is calculated on an actual/360-day basis.PrepaymentAdvances may be prepaid, subject to a fee. Please seeThe Slider Advance Confirmation for more information onprepayment fees.Additional InformationFor further details, including comments on risks, please seeThe Slider Advance.credit productsMain Telephone: 617-292-9600 • Customer Service: 1-800-358-9709 • Money Desk: 1-800-357-3452 • Relationship Managers, MPF, and Housing & Community Investment: 1-888-424-3863 28