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. They are available in a wide range of maturity dates, providing investors the ability to match their anticipated cash flow needs, while diversifying their high quality investments.
Discount Notes are issued daily to meet the needs of the Farm Credit Banks, with consideration for investor interests, and market conditions.
Funds raised through Discount Note issuance are used by the Banks of the Farm Credit System to support rural communities and U.S. agriculture.
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|