Products and Solutions Guide - Federal Home Loan Bank of Boston
Products and Solutions Guide - Federal Home Loan Bank of Boston
Products and Solutions Guide - Federal Home Loan Bank of Boston
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<strong>Products</strong> <strong>and</strong> <strong>Solutions</strong> OverviewCredit <strong>Products</strong>The <strong>Bank</strong> <strong>of</strong>fers short-, medium-, <strong>and</strong> long-term loans knownas advances. These advances <strong>of</strong>fer fixed or variable rates<strong>and</strong> several choices for payment <strong>of</strong> principal <strong>and</strong> interest.The <strong>Bank</strong> also <strong>of</strong>fers forward commitments to take downadvances. Some advances contain embedded options,interest-rate caps, or interest-rate floors. The <strong>Bank</strong> <strong>of</strong>fersdiscounted advances for funding eligible affordable-housing<strong>and</strong> community-development initiatives. In addition toadvances, the <strong>Bank</strong> <strong>of</strong>fers noncash credit products such asletters <strong>of</strong> credit.We want our members to have the tools <strong>and</strong> informationnecessary to select the best financial solutions. In additionto your relationship manager, the <strong>Bank</strong>’s financial strategistsare available to produce an analysis that can help guideyou to ultimately select the funding solution that meets yourspecific needs. Our strategists may be reached at 1-800-357-3452 or via e-mail at strategies@fhlbboston.com.Please note that the <strong>Bank</strong> does not act as a financialadviser, <strong>and</strong> members should independently evaluatethe suitability <strong>and</strong> risks <strong>of</strong> our solutions. Please fully assessthese risks <strong>and</strong> their implications prior to obtaining productsfrom the <strong>Bank</strong>. We strive to make all maturities availableevery business day, subject to market conditions.For more information about our credit products, please callyour relationship manager at 1-888-424-3863, the MoneyDesk at 1-800-357-3452, or consult the <strong>Bank</strong>’s web site,www.fhlbboston.com.The product <strong>and</strong> solution descriptions that appearin the following pages <strong>of</strong> this guide are meant assummaries only <strong>and</strong> do not purport to disclose all risks<strong>and</strong> other material terms <strong>and</strong> conditions associatedwith such products <strong>and</strong> solutions. Nothing in this guideshall be deemed business, legal, tax, or accountingadvice from the <strong>Bank</strong>. Members are encouraged toconsult their own business, legal, <strong>and</strong> accountingadvisers with respect to the <strong>Bank</strong>’s products <strong>and</strong>solutions <strong>and</strong> should refrain from utilizing any <strong>of</strong> the<strong>Bank</strong>’s products <strong>and</strong> solutions unless they have fullyassessed the risks <strong>and</strong> terms.The <strong>Bank</strong>’s confirmations for advances are availablein Appendix D <strong>of</strong> this guide. A member should reviewnot only this guide, but also the advance confirmationassociated with any <strong>Bank</strong> product or solution prior toutilizing such product or solution so as to underst<strong>and</strong>the terms, including, without limitation, the prepaymentprovisions.credit productsMain Telephone: 617-292-9600 • Customer Service: 1-800-358-9709 • Money Desk: 1-800-357-3452 • Relationship Managers, MPF, <strong>and</strong> Housing & Community Investment: 1-888-424-3863 2
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