Key Program Features: Discount Notes
|
Amounts |
$1,000 minimum, in increments of $1,000 |
|
Maturities |
One year or less |
|
Ratings |
A1+/P1 when rated* |
|
Dealer group |
40 dealers, many with offices in all major global capital
markets |
|
Offering time frame |
Continually available (24 hours) on days in which Freddie
Mac is normally open for business, i.e., excluding Saturdays and Sundays
and holidays observed by U.S. financial markets |
|
Clearing and Settlement |
Fed Book-Entry System |
|
Redemption |
At par on maturity date, which must be a business day
in the U.S. markets |
|
Documentation |
Domestic discount note program |
|
Governing Law |
New York |
* Freddie Mac has not requested that all of its debt be rated, but all debt which has been rated has received S&P’s and Moodys’ top ratings.