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Discount Notes
Overview
Discount notes are short term U.S. dollar denominated unsecured general corporate obligations.
- Maturities may range from overnight through one year, subject to daily corporate funding needs
- May be acquired in denominations as small as $1,000
- Are issued and maintained in book entry form through the Federal Reserve Bank of New York
- Are offered with a variety of options for settlement dates, maturity dates and sizes
Key Program Features
| Amounts | $1,000 minimum, in increments of $1,000 |
|---|---|
| Maturities | One year or less |
| Ratings | View our current credit ratings |
| Dealer group | Find an approved dealer |
| Offering time frame | Available on days other than (a) a Saturday, (b) a Sunday, (c) a day on which the Federal Reserve Bank of New York is closed, or (d) a day on which Freddie Mac’s offices are closed |
| Clearing and Settlement | Fed Book-Entry System |
| Principal Repayment | At par on maturity date, which must be a business day in the U.S. markets |
| Documentation | Global Debt Facility |
| Governing law | New York |
Issuance Activity
Disclaimer
Information contained on this website Freddie Mac is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements.
Any financial and other information contained in the documents that may be accessed on this page speaks only as of the date of those documents. The information could be out of date and no longer accurate. Freddie Mac does not undertake an obligation, and disclaims any duty, to update any of the information in those documents.