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...
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...
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