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Key Program Features: Mortgage-Linked Amortizing Notes

Amounts Varies
Ranking/Security Senior unsecured
Maturities Typically 5-10 years
Ratings AA+/Negative (S&P), Aaa/Negative (Moody's), AAA (Fitch)
Offering time frame Continuously throughout the year
Clearing and settlement Fed Book-Entry System
Structure Amortizing bullet referencing mortgage-related securities
Redemption Non-callable
Day count convention 30 / 360 unadjusted
Interest payment frequency Interest is paid on the prior month's outstanding principal balance
Documentation Global debt facility
Governing law New York

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