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Credit Products – Daily Cash Manager

The Daily Cash Manager is one of three overnight-funding products we offer. The others are the Rollover Cash Manager and the IDEAL Cash Manager.


 Key Features
  • Overnight funding
Common Uses
  • Manage daily liquidity needs.
Availablity
  • Until 5:00 p.m., subject to preapproved availability.
Maturity
  • One day
Rate Set
  • At time of transaction
Disbursement
  • Same-day or next business day
Repayment
  • Principal and interest automatically charged to your IDEAL Way account at maturity.

  • Interest is calculated on an actual/360-day basis.
Requirements for Take-Down
  • A short-term advance master confirmation signed by an authorized officer from your institution must be on file at the Federal Home Loan Bank of Boston.
Risks
  • The Federal Home Loan Bank of Boston does not act as a financial adviser, and members should independently evaluate the suitability and risks of these advances.
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