Farm Credit Discount Notes are high-credit quality, short-term debt instruments. They are issued at a discount to their par value, similar to U.S. Treasury bills.
Discount Notes are issued daily to meet the needs of the Farm Credit Banks, with consideration for investor interests and market conditions. They are available in a wide range of maturity dates and provide diversified investments while matching anticipated cash flow needs.
Discount Notes Details
|Program Rating||F1+ Fitch
|Risk Weighting||20% BIS||Typical Index||N/A|
|Program Maturity Range||1-365 days||Day Count||Actual/360|
|Typical Maturity||Overnight-30 days||Payment Frequence||At maturity|
|Call Feature||N/A||Method of Issuance||Window / Posted|